Predictive Analytics Industry 2018 Latest Innovations, Top Manufacturers, Future Growth, Size, Share, Swot Analysis and Forecast to 2025

TheInsightPartners.com has published the new industry research of the “Global Predictive Analytics Market Report 2018” The report focuses on Global major leading players with information such as company profiles, product picture, future road map, opportunities and Specification.

Predictive analytics is the combined use of data, statistical algorithms, and various machine-learning techniques to identify the prospect of future outcomes based on historical data. Predictive analysis is set to revolutionize the way modern day businesses are done. Understanding customer’s requirement well before and accordingly be ready will benefit the organizations to offer value added services to the end-users. Prediction would enable businesses to be ready with the required needs of the customers beforehand. Forecasting customer needs and accordingly designing products gives any organization a competitive edge. The olden day method of businesses initially making a product on the basis of market research, then taking feedback from customers is to be totally replaced by this technology. Customer Delight has been widely recognized by businesses worldwide as a crucial factor in maintaining long term relationships with the customers.

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In addition to customer delight, predictive analytics will enable companies to understand the requirements of the end-user, this will prove a differentiating factor for businesses. The rapid technological advancements, boom in artificial intelligence and high competition have led to the growth of this market. The other drivers for the rapid growth of predictive analysis markets include increased usage of Big Data and cloud by organizations and growing need for product differentiation driving introduction and adoption of new technologies.

Additionally, with advent of Big Data, predictive analysis is expected to be adopted in Finance and Human Resources. Application of this technique in sales and marketing management, operations & supply chain management has significantly benefitted the companies. Realizing its benefits and potentials further it is expected to be used in other applications such as workforce management and risk management.

There are certain restraining factors for this market which are listed as complex analytical workflow and diversity of data models based on business needs. For predictive analysis to work successfully, it has a heap of challenges to overcome. Firstly, the pattern observed on which results are made can’t always be uniform. Different business models follow different pattern. Understanding each pattern and accordingly predicting the result is one of the challenges. The task is to convert the inconsistency into a consistent result. Furthermore, data integrity poses a bigger challenge in implementation of this technology in different end-user verticals.

The global predictive analysis market has been segmented by applications into network management, risk management, sales and marketing management, workforce management, operations and supply chain management. Business functions segment is further divided into, sales, operations, marketing, human resource and finance functions. In addition the global predictive analysis market has been further fragmented based on deployment models that are on-premise and on-demand models.

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Key Highlights:

A Clear understanding of the Predictive Analytics market based on growth, constraints, opportunities, feasibility study.

Concise Predictive Analytics Market study based on major geographical regions.

Analysis of evolving market segments as well as a complete study of existing Predictive Analytics market segments.

Predictive Analytics Market: Analysis By Applications, Business Function, Deployment Model-Trends, Opportunities, Restraints (2018 Edition)-Forecast to 2025

Companies Mentioned

SAS Institute

Teradata Corporation

Acxiom Corporation

SAP SE

Microsoft Corporation

IBM Corporation

Tableau Software, Inc.

Information Builders

Fair Isaac Corporation(FICO)

TIBCO Software, Inc.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

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This release was published on openPR.