What technology supports predictive analytics in business? 🔊
The technology that supports predictive analytics in business is typically based on big data tools and platforms that analyze historical and real-time data to forecast future outcomes. Technologies such as machine learning, data mining, and artificial intelligence play pivotal roles in identifying trends, patterns, and correlations within datasets. These insights empower organizations to make data-driven decisions, optimize operations, and enhance customer experiences. Predictive analytics is widely used across various industries, including finance, marketing, and healthcare, to improve strategic planning and risk management.
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