How predictive analytics tools help us detect natural disasters
ural disasters. The direct results of our less-than-thoughtful actions and the effect they have on the environment. Annually, natural disasters cause more than 60,000 deaths, on average, and destroy billions worth of infrastructure and property. In the pre-modern world, these events caused millions of deaths annually. Floods and droughts were the worst offenders in terms […]
How predictive analytics platforms can optimise clinical research
Clinical research trials are a huge problem for pharmaceutical companies. According to research, the median cost of research trials was $19 million with an interquartile range (IQR) of $12 million to $33 million. This makes research projects a very expensive proposition for most organisations (which could lead to several issues like funding). Expenses, however, are […]
Why use predictive analysis models for better decision-making
In an era where data has become the new oil, it is paramount to have the right techniques, models and tools for processing the 2.5 quintillion bytes of data produced regularly. Predictive data analytics is a technology that can anticipate future trends. It is an evolution of earlier data analytics models and works by predicting […]
The next level: AI and predictive analytics
The unprecedented potential of artificial intelligence (AI) and predictive analytics have permeated into every field and are rapidly transforming industry verticals. AI and predictive analytics can help improve efficiency and make way for faster decision-making. Traditionally, organisations detect problems as and when they appear, attempt to resolve them and then restore services back online. Now […]
Using predictive analytics software tools to combat COVID-19
COVID-19 has reshaped the way humans interact with technology in healthcare. Intelligent data, technology, artificial intelligence (AI) and machine learning (ML) have started to lighten the burden and establish new ways to facilitate sustainable demand and supply. But at the helm of this transformation are predictive analytics software tools. Predictive analytics in healthcare is rapidly […]