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predictive analytics News

Social media can be used to predict retail failures

It’s a tough time to be in retail, especially in terms of running a physical store where the e-commerce world is increasingly dominant. Some retail failures are anticipated, some come as a surprise. Social media can help to decide.

Using big data to predict the future

Advances with machine learning and big data analytics are helping researchers, and ultimately companies, to make predictions about future trends by analysing patterns. A new application looks at medicine.

Predictive analytics to improve tornado warnings

A new way of examining weather data has been used by researchers to try and predict extreme weather patterns. It is hoped that the big data analytics approach can be used to gain improved predictions for tornadoes.

New Orleans ends computer-led crime predictions pilot

The predictive policing initiative in use in New Orleans has been cancelled. The scheme ran for six-years and was operated in secret. The controversial scheme used network-analysis software to identify potential aggressors.

Companies will make more use of predictive analytics in 2018

In 2018, companies will be utilizing predictive analytics at a faster rate. This enables better understanding and service for customers at or even before the point of need, helping businesses staying ahead of the pack.

How predictive analysis is helping the energy sector

A few days after predictive analytics software began monitoring wind turbines in Iowa last March, an anomaly was spotted by a data-science model in a wind turbine’s gearbox. After a few hours of repairs, the wind farm owner avoided catastrophic failure.

Keys to the future with no crystal ball required

An internet start-up company called Recorded Future has taken a high-end form of analyzing collected data and began applying it in conjunction with the web.
 

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