The Role of Data in Predictive Analytics

The Role of Data in Predictive Analytics

Data is the raw material that plays an important role in predictive analytics. It includes structured and unstructured data from various sources, such as customer data, transaction data, social media data, website traffic data, and more. The importance of data can be seen through various business operations and business processes. The data collected must be of high quality, relevant, and comprehensive to create accurate models.

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Paul Herman

Strategic advisor delivering results through transformation and innovation | Operational Excellence | Data Monetization | AI Adoption

1 年

Thanks Arek Skuza for another serving of valuable knowledge.

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