•1 min read•from PredictiveAnalytics - The Future of Analysis
Predictive Analytics
Our take
Discover the transformative power of predictive analytics in healthcare through this insightful video. It offers a clear and approachable explanation tailored for beginners, showcasing how predictive analytics can enhance decision-making and improve patient outcomes. By leveraging data effectively, healthcare professionals can anticipate trends and optimize their strategies, making a meaningful impact on both efficiency and care quality. Whether you're new to the concept or looking to deepen your understanding, this resource is a valuable starting point. Enjoy the exploration!
Hello, just imaging how predictive analytics can do wonders. I wanted to share a video that i came across. Its a good explanation of predictive analytics in healthcare and maybe for beginners!
https://youtu.be/QQcFcnVU3S8?si=J_OY098AHKqIeDTG
Enjoy!
[link] [comments]
Read on the original site
Open the publisher's page for the full experience
Related Articles
- Predictive Analyticssubmitted by /u/Thebisonio [link] [comments]
- PREDICTIVE ANALYTICSby Vyom Bharadwaj So here we would explore about the trending topic of predictive analytics, many of you just stumble upon this word on the various technology magazine or tech blogs, however some of you are oblivious of this term and think that it might be another term. Thus we decided to provide you with complAete insight on predictive analytics in this article, further we will also dwell on the uses of the same in wide industries and take you to the future. Predictive analytics is statistical approach to predict the future outcomes through existing data using various statistical and mathematical tools including linear regressions and multivariable regressions. Predictive analytics comes as a union of mathematics, statistics and behavioural psychology. These days we are able to find this term on tech blogs because the growing data has contributed to use machine-learning algorithms to curate the data and provide predictive insights to the intuitions and companies. The modern day algorithmic computation has resulted in paradigm in shift the field of predictive science, earlier getting particular insights from data were not that precise and a tedious job, although the introduction of new computation techniques has resulted in more accurate predictive outcomes. The power of statistics with computation has revolutionised the meaning of data analytics. As we have understood the fundamentals of predictive analytics now it's time to get to know the real uses of predictive modelling and how the large institutions are amalgamating different approaches with predictive models, one of the quintessential industry to use predictive analytics is Retail and the other is logistics i.e. the supply chain management. In retail industry the data sets are humongous and to get real-time predictive insights is a critical job to be, therefore retail industry’s biggest player has integrated predictive analytics with its point sale system (POS) to track their customer behavior and the results are impeccable as now Wal-Mart is able to launch new products and target right audience, not only Point of Sale (POS) but Wal-Mart has integrated social media to get insights from 2.5 petabyte data per hour and has acquired a small startup based in Silicon Valley working in the field of Big Data and predictive analytics for retail customers. The next industry using predictive science widely is Supply chain management (logistics) where the predictive analytics helps the organisations to make better decisions and increases the profit margins. The hard fact is that only handful of big organisations are using predictive techniques to expand their business and many of the Medium scale enterprises are not aware that the data collected by them is just garbage when there is no proper analytics. More than 40% of the business people are not aware of the power of predictive intelligence and its positive impacts especially in the country like India where we have more than 1.25 billion people. Hence conclusion would like to state that “Predicative Analytics” and “Big Data” are the buzzwords of today’s tech industry, However, more than typical faddish fuzz, big data and predictive analytics carry the opportunity to change the business model design and day to day decision making that a company emerging data analysis. This growing combination has deep implication in industries like retail, manufacturing, Hospitality and banking To know more about Predictive Analytics Please Subscribe our newsletter http://www.muoro.io submitted by /u/muoro [link] [comments]
- Top Analytics Companies Making sense of Big Datasubmitted by /u/Jac_Smith [link] [comments]