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In this modern, turbulent market, predictiveanalytics has become a key feature for analytics software customers. Predictiveanalytics refers to the use of historical data, machine learning, and artificial intelligence to predict what will happen in the future.
Leading research and consultancy company, Gartner describes the path that businesses take as they move to higher levels: Descriptive Analytics: Describe what happened (e.g., Diagnostic Analytics: No longer just describing. PredictiveAnalytics: If x, then y (e.g., Interest in predictiveanalytics continues to grow.
In fact, most project teams spend 60 to 80 percent of total project time cleaning their data—and this goes for both BI and predictiveanalytics. The column to predict here is the Salary, using other columns in the dataset. One of the major challenges in most business intelligence (BI) projects is data quality (or lack thereof).
AI has a wide variety of different uses in analytics from predictiveanalytics to chatbots and chatflows that can easily and conversationally answer crucial questions about data. This year has brought major updates to Logi Symphony, including the introduction of Logi AI.
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