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The practice of deriving valuable information from a vast data set, by using machine learning and statistical tools and algorithms, with a goal to understand a pattern and predict trends of the future, is largely termed as predictive analytics. With most companies undergoing digital transformation, there is a big demand for this technology. Using existing data to predict a future business scenario, and then making decisions accordingly, is what most companies are looking for today.
However, maintaining an in-house team for predictive analytics can be expensive. On the other hand, outsourcing this to a reliable partner will help businesses gain access to trained resources, who will efficiently execute and manage their analytics and quickly provide important insights. Flatworld Solutions is one such predictive analytics company offering quality predictive analytics solutions to multiple industries.
Predictive Analytics Solutions We Offer
We create industry-critical predictive models, which are capable of providing highly accurate projections of your business. Our predictive models will evaluate all the available variables using different algorithms and help in developing reliable forecasts of different scenarios for your business. By outsourcing your predictive analytics service requirements to us you can benefit from our quality services, which are largely based on the following models -
- Machine learning
- Classification and Regression Trees (CART)
- Data visualization methods
- Net Lift Modeling
- Factor Analysis
- R language
- Support vector machine
- Marketing mix
- Big data and analytics
- Principal components
- Analysis of latent class cluster
- Bayes model based on hierarchy
- Social networking
- Time series
- Random forest model
- Sentiment analysis
We also develop models based on potential customer choices for new products and services, which are integrated with the existing customer behavior data and the market research data. Furthermore, available structured and unstructured data can be integrated with customer preferences data for various products and services. This helps businesses in understanding what their customers are looking for and offer exactly what they want.
How Can Companies Make the Most of Predictive Analytics?
While there is no doubt about the fact that predictive analytics can help your business grow, following are some of the major benefits of this technology that are worth considering -
- Analyze past data to help organizations identify business-critical issues that are a part of the established pattern
- Based on the pattern identified, predict possible future roadblocks and make plans to prevent them or address them, if it is too late to prevent
- Use machine learning algorithms and regression techniques comprehensively to improve the accuracy of all predictions
- Continuously monitor customer data and log files to get the latest insights for decision making
- Using customer intelligence for improving strategic decision making and building deep and effective customer relationships
- Recognize and understand what exactly the customers are looking for and create customized experiences for them using the power of data
- Get access to detailed insights from your business operations that facilitate smarter decision-making
- Detect and prevent fraudulent activities from taking place
- Optimize and revise marketing and advertising campaigns
- Improve existing business processes and operations
- Reduce debt recovery risks by predicting a borrower's credit worthiness
Now that you are aware of numerous benefits offered by predictive analytics, it is time for you to experience these benefits with Flatworld Solutions.
Why Outsource Predictive Analytics Services to Flatworld Solutions?
We have helped our clients across the world achieve their goals with our effective services based on predictive analytics, research analytics, predictive modeling and big data analysis. Our ability to listen to our clients and understand their requirements with clarity makes us a preferred solution provider. By partnering with us you will be able to perform the following -
- Get real-time valuable insights from your business processes, generated using advanced software and analytics algorithms
- Leverage different predictive tools and statistical techniques to make accurate business forecasts
- Analyze available data to understand the existing situation and anticipate likely future business scenarios
- Get access to quicker and cost-effective services
Talking about algorithms that power our predictive analytics services, we use time series analysis and regression algorithms, apart from machine learning algorithms. We also provide predictive analytics services to companies that perform QA testing and software testing.
Partner with Flatworld, a Leading Predictive Analytics Service Provider
At Flatworld Solutions, we offer a wide range of web analytics services, along with top-quality predictive analytics services to global clients. Being in the industry for over a decade, we have the necessary infrastructure and skilled resources to provide critical insights from your existing business data, which help you in making informed business decisions. We provide accurate reporting and analytics services at cost-effective rates and ensure complete data security of all your confidential business information. Furthermore, we have multiple delivery centers across the globe, and by partnering with us you can be assured of quick turnaround time.
Contact us to share your predictive analytics service requirements with us and our professionals will reach you at the earliest to discuss your project needs.