Predictive-Analytics

Predictive Analytics is the practice of extracting information from existing data sets in order to determine patterns and predict future outcomes and trends. Predictive Analytics does not tell you what will happen in the future.

Rembrandt offers the following teaching services with regard to Predictive Modeling:

Predictive Analytics Readiness Assessment

This is a one day or two day seminar with senior management to provide information on Predictive Analytics and to begin to develop the organizational strategy.

Seminar on Predictive Modeling

This is a one day or two day seminar with senior management to provide information on Predictive Analytics Architecture and Analytics and to begin to develop the organizational strategy for \ Predictive Modeling, which includes (MAPR, Logit, Probit, Semantic and Multiple Linear Regression techniques.

  • Predictive Analytics encompasses a variety of statistical techniques from modeling, machine learning and data modeling that analyze current and historical facts to make predictions about future, or otherwise unknown, events.
  • In business, predictive models exploit patterns found in historical and transactional data to identify risks and opportunities. Models capture relationships among many factors to allow assessment of risk or potential associated with a particular set of conditions, guiding decision making for candidate transactions.
  • Rembrandt has predictive analysis clients in Marketing, Financial Services, Insurance, Retail and Pharmaceutical.

Tools:

Rembrandt employs data scientists skilled in a wide variety of tools that help with the execution of Predictive Analytics. These range from those that need very little user sophistication to those that are designed for the expert practitioner. The difference between these tools is often in the level of customization and heavy data lifting allowed.

Rembrandt tends to recommend the most popular commercial predictive analytics software packages according to the Rexer Analytics Survey for 2014 are IBM SPSS Modeler, SAS Enterprise Miner.