"Predictive analytics is a form of business analytics applying machine learning to generate a predictive model for certain business applications."
This is the process of using statistical models and machine learning algorithms to predict future outcomes and trends.
"It encompasses a variety of statistical techniques from predictive modeling and machine learning that analyze current and historical facts to make predictions about future or otherwise unknown events."
"It represents a major subset of machine learning applications; in some contexts, it is synonymous with machine learning."
"In business, predictive models exploit patterns found in historical and transactional data to identify risks and opportunities."
"Models capture relationships among many factors to allow assessment of risk or potential associated with a particular set of conditions."
"The defining functional effect of these technical approaches is that predictive analytics provides a predictive score (probability) for each individual to determine, inform, or influence organizational processes."
"In marketing, credit risk assessment, fraud detection, manufacturing, healthcare, and government operations including law enforcement."
"...guiding decision-making for candidate transactions."
"...patterns found in historical and transactional data to identify risks and opportunities."
"...to determine, inform, or influence organizational processes that pertain across large numbers of individuals."
"Predictive analytics provides a predictive score (probability) for each individual in order to determine, inform, or influence marketing processes."
"It encompasses a variety of statistical techniques from predictive modeling and machine learning that analyze current and historical facts to make predictions about future or otherwise unknown events."
"Predictive models exploit patterns found in historical and transactional data to identify risks and opportunities, including fraud detection."
"Predictive analytics provides a predictive score (probability) for each individual, such as a customer, employee, healthcare patient, product SKU, vehicle, component, machine, or other organizational unit."
"Predictive models exploit patterns found in historical and transactional data to identify risks and opportunities, including credit risk assessment."
"Predictive analytics provides a predictive score (probability) for each individual to determine, inform, or influence decision-making across various sectors."
"Predictive analytics provides a predictive score (probability) for each individual, such as healthcare patients, to determine, inform, or influence healthcare processes."
"Predictive analytics provides a predictive score (probability) for each individual, such as components or machines, to determine, inform, or influence manufacturing processes."
"Predictive analytics provides a predictive score (probability) for each individual, such as law enforcement units, to determine, inform, or influence government operations."
"Predictive analytics exploits patterns found in historical and transactional data to make predictions about future or otherwise unknown events."