Innovation has been the backbone of economic progress since the dawn of civilization. A number of revolutionary technological achievements have improved our quality of life and driven economic growth for thousands of years. These days, predictive analytics methods are playing an important role in innovation.
A lot of emphasis has been placed on the role of innovation in our lives. However, these discussions usually gloss over the vast majority of failed inventions. The increasingly robust field of predictive analytics is going to play an important role in vetting new product ideas to ensure greater economic stability and progress in the years to come.
Author: Scott Howser