Business Intelligence And Predictive Analysis, A predictive analytics white paper.

Business Intelligence And Predictive Analysis, A Predictive analytics white paper.
Business Intelligence or BI is a new area of research where there are really very few players in the industry offering commercial solutions and consultancy. Predictive Analysis is used in conjunction with BI in order to provide a platform for businesses in stock markets, logistics, production and manufacturing to implement intelligent techniques in dealing with their formal problems.

There seems to be a little or no knowledge in the core industry about such techniques that can easily solve their real-world problems like of hub location and re-location, supply chain management with better results and more profitable solutions.

The first questions that come to mind is whether BI has benefits over others? How can these methods yield more profit and also save time? Predictive analysis helps predict these answers with a greater precision and accuracy.

Adopting a business intelligence and predictive analysis methods and making it a part of their automated or semi-automated decision-making systems can yield overwhelming results. These can be converted to more profits and profits speak for themselves. There are a few good startups catering to this business model and provide solutions and consultancy regarding customer specific problems. You can leverage these resources or create your own R&D department.

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