Top 27 MS Data Science Schools 2018 : According to Mckinsey Global Institute report, by 2018, the United States alone could face a shortage of 140,000 to 190,000 people with deep analytical skills as well as 1.5 million managers and analysts with data science knowledge for the analysis of bigdata to make effective decisions. Many universities offers masters and other programs in data science and predictive analytics to fill the resource requirements in Bigdata and Predictive Analytics.These programs provides training both in management and data analytics.
Top 27 MS Data Science Schools 2018: Top Predictive Analytics, [...]
What is Predictive Analytics? Predictive analytics is the branch of the advanced analytics which is used to make predictions about unknown future events. Predictive analytics uses many techniques from data mining, statistics, modeling, machine learning, and artificial intelligence to analyze current data to make predictions about future. It uses a number of data mining, predictive modeling and analytical techniques to bring together the management, information technology, and modeling business process to make predictions about future. The patterns found in historical and transactional data can be used to identify risks and opportunities for future. [...]
Customer Churn, Renew, Upsell, Cross Sell Software Tools : One of the application of Predictive Analytics is to identify which of the customers are going to churn, renew, upsell, and cross sell. Predictive Analytics helps in detecting the customers who are about to abandon, the real value of the potential loss and helps in delivering a retention plans in order to reduce or avoid their churn. Predictive Analytics helps in customer upsell opportunity by identifying which customers are likely to buy premium priced products. In upsell opportunity customer buys more expensive versions of existing products. Predictive Analytics helps in customer cross sell [...]