Advanced Predictive Modelling in R will allow one to gain an edge over other Data analysts and present the data in a much better and insightful manner. This would help the learner to immediately implement these technique and create analysis and support decision making in the most scientific manner.

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Boost your data Career with predictive
analytics! Learn How?

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At the end of the session, you will be able to:
 What is Predictive Analytics?
 Why Predictive Analytics?
 Predictive Analytics Rising Adoption
 Predictive Analytics Lifecycle
 Career Opportunities with Predictive Analytics
 Understand how Companies are using Predictive Analytics?
Agenda

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What is Predictive Analytics?

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Predictive analytics is the analysis of data by using statistical algorithms and machine-learning
techniques to identify the likelihood of future outcomes based on historical data.
Predictive Analytics

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Analytics vs Predictive Analytics
Feature Comparison
Analytics Predictive Analytics
Understand the past Understand the future
Observe Trends Make Decisions
Catalyst for Discussion Take actions
Historical and Current view Future Oriented
Lagging Indicators Leading Indicators
Gaining and understand of data Gaining information and insights

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Predictive Analytics Lifecycle
Source: blogs.sas.com

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Advantages Predictive Analytics

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Real-Life Examples
Source: www.academia.edu
Commonwealth Bank can reliably predict the likelihood of fraud activity
for any given transaction before it is authorized – within 40 milliseconds
of the transaction being initiated.
Lenovo detected a product issue 30 percent faster and reduce warranty
costs 10 to 15 percent for previously hard-to-detect issues.
Salt River Project forecasting model helps them know the best time to
sell excess electricity for the best price.
Staples analyzes online and offline consumer behavior to provide a
complete picture of their customers and realized a 137% ROI.

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Why Predictive Analytics?

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Which Path to Follow

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Application of Predictive Analytics
Visions of Risk is required

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Application of Predictive Analytics
Predict the Next President of India!

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Application of Predictive Analytics
Source: http://fortune.com/tag/predictive-analytics/
BMW is using Predictive Analytics to find a place to park!

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Application of Predictive Analytics
Soccer Predictive Analysis
Source: blogs.sap.com

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Only Analytics is not enough!
Mortals Need Ability to Predict the Future!

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Predictive Analytics Rising Adoption

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Forbes Says
Source: Forbes
The top objective for between two-thirds and three-quarters of executives is to develop
the ability to model and predict behaviors to the point where individual decisions can be
made in real time, based on the analysis at hand

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Predictive Analytics Is A Game-Changer
Source: Forbes
Best Buy determined 7% of its customers were responsible for 43% of its sales.
The company then segmented its customers into several archetypes and
redesigned stores
Olive Garden uses data to forecast staffing needs and food preparation
requirements down to individual menu items and ingredients.
The U.K.’s Royal Shakespeare Co. theater company then developed a marketing
program that increased regular attendees by more than 70% and its
membership by 40%

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Predictions for 2015
1. BI is dead, Predictive is the New Black - Consumers will expect their software to anticipate
their needs, driving requirements for predictive capabilities in all apps.
2. New Use Cases for Predictive Analytics Fuel Change in Key Industries - Established Business
Intelligence (BI) developers will add predictive analytics to their existing offerings
3. The Shortage of Data Scientists is not over - The demand for data scientists will continue to
grow beyond supply
4. Data Science Tools Become a Commodity - The tools vendors left standing will be the ones
who properly equipped their customers to solve major business problems leveraging
predictive analytics.
Source: www.predixionsoftware.com

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Predictive Analytics Career Opportunities

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Job Trends

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Major Companies Using Predictive Analytics

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How Predictive is being used in the Industry?

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General Business Goals
Source: www.academia.edu

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The Big Question!
Boost your career with Predictive Analytics! Learn How?

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The Big Question!
Boost your career with Predictive Analytics! Learn How?
Answer – Predictive Analytics is the Game-Changer
Reasons:
1. Analysis on Past Data is no more Enough
2. Future Prediction is the need of the hour
3. Organization are adopting Predictive Analytics and benefiting from it
4. Shortage of Data Scientist still exists

27. Questions
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