Glossary of Data Science and Data Analytics

What is Predictive Analytics?

BIG DATA & AI

What is Predictive Analytics?

Predictive analysis is the analysis of big data to make predictions and determine the likelihood of future outcomes, trends, or events occurring. In the business field, it can be used to model various scenarios of how customers will react to new product offers or promotions and how the supply chain may be affected by adverse weather conditions or sudden increases in demand. Predictive analysis can include a variety of statistical techniques such as modeling, machine learning, and data mining.

The power of predictive analysis comes from a wide variety of methods and technologies — big data, data mining, statistical modeling, machine learning, various mathematical operations — that can be used in conjunction with parameters to extract from large volumes of data, both current and past, to make punctures on patterns and predict events and situations that may occur at a given time. This is particularly useful in helping companies find and exploit patterns in data by emphasizing risk and opportunities, behavioral relationships, or supply chain management.

Reliability and accuracy distinguish modern predictive analytics from the tools of the past used to forecast sales, inventory, programming, utilization, earnings, and numerous other important areas of business. Businesses in virtually any market can maximize a marketing campaign by using predictive analytics to support customer acquisition and feedback, and retain the most valuable customers with carefully targeted offers and promotions.

back to the Glossary

Discover Glossary of Data Science and Data Analytics

What is Neural Style Transfer (NST)?

Neural Style Transfer (NST) is a method of applying the style of one image to another using artificial neural networks. Using deep learning algorithms, this technique combines two images: the style of one (e.g. a work of art) and the content of the other (e.g. a photograph) to create an expressive and artistic result.

READ MORE
What is Financial Analytics?

Financial analytics, also known as financial analytics, provides different perspectives on financial data related to a particular business, providing insights that will facilitate strategic decisions and actions that will improve the overall performance of the business.

READ MORE
What is Grok — xAI?

Grok is a product of xAI, the artificial intelligence initiative founded under the leadership of Elon Musk, and aims to make complex data analysis more understandable. Adopting the concept of “Explainable AI”, Grok aims to provide a more transparent and traceable artificial intelligence system in the decision-making processes of companies.

READ MORE
OUR TESTIMONIALS

Join Our Successful Partners!

We work with leading companies in the field of Turkey by developing more than 200 successful projects with more than 120 leading companies in the sector.
Take your place among our successful business partners.

CONTACT FORM

We can't wait to get to know you

Fill out the form so that our solution consultants can reach you as quickly as possible.

Grazie! Your submission has been received!
Oops! Something went wrong while submitting the form.
GET IN TOUCH
SUCCESS STORY

DQS - Cloud SaaS Modernization

WATCH NOW
CHECK IT OUT NOW
Cookies are used on this website in order to improve the user experience and ensure the efficient operation of the website. “Accept” By clicking on the button, you agree to the use of these cookies. For detailed information on how we use, delete and block cookies, please Privacy Policy read the page.