Predictive analytics is a group of methods that uses statistical and other empirical techniques to predict future events, based on past occurrences. Predictive analytics can generate valuable information for the management of a supply chain company to improve decision-making. This can be useful for demand forecasting, defect detection, maximizing equipment value, preventive maintenance, optimize marketing strategies, retain customer and connected aftermarket service in industry.
CITATION STYLE
Mohanty, A., & Ranjana, P. (2019). Usage of predictive research on further business. International Journal of Innovative Technology and Exploring Engineering, 8(11), 3464–3466. https://doi.org/10.35940/ijitee.K2559.0981119
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