Predictive Analytics Market
Global Predictive Analytics Market worth to gain $ 10.95 bn by 2022, according to new statistics released by the Zion Market Research, the market research group.
Predictive analytics is the advanced form of analysis which is used to analyze the tremendous amount of data and predict future events. It takes new and historical data to forecast future activity, behavior, and trend. It uses many techniques like data mining, statistical algorithms, machine learning and artificial intelligence to identify the likelihood of future outcomes based on historical data. It makes the patterns which identify risk and opportunity for future. Predictive analytics models in business 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.
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North America dominated the global predictive analysis market in 2015. North America represents the largest regional market for predictive analytics in Big Data, as supporting Hadoop architectures are used by some major e-commerce giants like Wal-Mart and eBay among others to store and manage the daily generated unstructured data. North America was followed by