Predictive Analytics -From Sense and Respond to Predict and Act
Predictive Analytics is tool which has various statistical Techniques , scientific algorithms from Data Mining, predictive modelling and machine learning which analyses takes in consideration both the current and historical data points to make predictions or highlight events. In our Predictive Analytics Service portfolio we help customers to understand and define the business case for Predictive analytics using various solutions like SAP Predictive Analytics, R language and R language with Microsoft Power BI. With a proven experience and competence as Predictive Analytics service provider BSC has helped customer in road map designing , finding out the business areas using Advanced Analytics Services where the value can be created. We have delivered finest implementations which have helped customer in prediction, forecasting and optimisation.
Various business cases like Predicting customer churn, parts which can fail,identify fraudulent activity- Forecast Inventory Demands, Network Performance , segment order and so on. Helping Sales in customer acquisition , helping Operations in predictive maintenance , helping finance in cash flow and forecasting and so on.
How BSC Global can help you with Predictive Analytics
40%-70%
Improved conversion rate for cross-sell
Predictive AI Analytics Solutions for finding the right churn of customers and focusing on the targeted campaigns . Helping Lead Scoring, Product recommendations . Sound experience of using R- Language and integration with SAP Predictive Analytics and Microsoft Power BI , Power BI Predictive Analytics, Predictive Data Analytics. Predictive Machine Learning Analytics. BSC Global has simplified Predictive Analytics using R language .
60%
Improved Productions by checking impact of seasons
BSC has integrated Holt Winters Algorithm to help companies to find the right production need due to the impact of seasons and old history of trends giving the right indication for required Production needs.
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Why Choose BSC Global for SAP Predictive Analytics
BSC innovation center has created multiple ready to use algorithms
PreMagic
BSC’s Solution which can Simplifying the Predictions and Forecasting
PreMagic is a BSC’s propriety solution which has been designed to gain actionable insight into your existing data sets which may include customer, market, finance and so on to derive better decision and better business results. This includes the algorithms which are ready to use for various predictions.
It helps you to anticipate emerging trends and make clear
decisions for better outcomes and thus minimizing risks
We have expertise in implementing predictive analytics in R – Language and SAP Predictive analytics in various projects , with the power of S4 HANA Embedded Analytics , we have been able to derive the real connection, prescriptive analytics and presentation of data in front end for various predictive algorithms.
Implemented Churn Algorithms, Regression models , Clustering and various other models
Predictive Models
Ready to deploy Predictive Models
Simplification
Simplified and clear visualization
BSC has helped customer take the best possible approaches of using predictive analytics through Microsoft Power BI visualization tools for R Language. Internal competence which has been working in predictive Analytics Research for better model creations for customer has really been able to achieve ROI for customers.
Predictive Analytics FAQS- FREQUENTLY ASKED QUESTIONS
What is the Holt-Winters scientific algorithm in predictive analytics?
The Holt-Winters scientific algorithm, also known as Triple Exponential Smoothing, is a predictive analytics technique used in sales forecasting. It models and predicts time series data, accounting for trends and seasonal variations, enabling businesses to optimize inventory, staffing, and marketing strategies.
How can the Holt-Winters algorithm improve sales forecasting accuracy?
The Holt-Winters algorithm enhances sales forecasting accuracy by capturing seasonal patterns, adapting to trends, reducing forecast errors, and offering customizable parameters for businesses to better fit their specific data patterns, resulting in more precise predictions.
What are the practical applications of the Holt-Winters algorithm in sales?
The Holt-Winters algorithm aids in sales forecasting, budget planning, marketing strategy, and resource allocation by predicting future product demand, assisting in accurate financial planning, optimizing marketing campaigns, and improving operational efficiency.
How does the Holt-Winters algorithm compare to other forecasting methods?
The Holt-Winters algorithm is a seasonal forecasting method that is flexible, easy to implement, and can be integrated into real-time systems for continuous updates, unlike other methods that require batch processing. It is suitable for businesses with seasonal sales patterns.
ICMG puts our Customer in one the best analytics solutions users in the world.
Amazon AWS reports our Solutions as 70% reporting performance solution