Lists Four More Advances in Predictive Analytics By bicorner.com on March 4, 2014 • ( Leave a comment ) The technology and the practices around predictive analytics are also evolving. Here are four ways predictive analytics is changing. Predictive analytics — a statistical or data mining solution consisting of algorithms and techniques that can be used on both structured and unstructured data to determine outcomes — is not a new technology. In fact, it has been used on structured data for decades. However, several factors — including cheap compute power, ever-increasing amounts of disparate data with various frequencies (aka, big data), ease of use, and the need to more effectively compete — have helped to fuel the more recent adoption of the technology. The technology is becoming red-hot. Share this:Click to email this to a friend (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Tumblr (Opens in new window)Like this:Like Loading... Related Categories: Lists Tagged as: Big Data, Business Analytics, Business Intelligence