Syssoft’s Advanced Analytics Practice brings innovative solutions to customers. With an emphasis on predictive analytics, machine learning, and AI, Syssoft Solutions provides customers with the ability to move beyond simple reactive operations and into proactive activities that help plan for the future and identify new areas of business. Advanced Analytics Consulting Services
Organizations are turning to predictive analytics to increase their bottom line and competitive advantage. Some of the common uses include:
In the U.S., organizations lose as much as $1 trillion per year due to fraud. Combining multiple analytics methods can improve pattern detection and prevent criminal behavior. High-performance behavioral analytics examines all actions on a network to spot abnormalities that may indicate fraud, vulnerabilities, and threats.
Predictive analytics can help uncover the right pattern of traits and profiles of customers or prospects most likely to buy or those that have the greatest revenue potential. In a nutshell, the predictive analytics engine could look at a wide variety of data and systemically predict the composition of the best leads.
Many companies use predictive models to forecast inventory and manage resources. Airlines use predictive analytics to set ticket prices. Hotels try to predict the number of guests for any given night to maximize occupancy and increase revenue. Predictive analytics enables organizations to function more efficiently.
Predictive analytics can focus on “micro” risk. Credit scores, which are generated by a predictive model incorporating a large set of data relevant to a person’s credit-worthiness, could be used to assess a buyer’s likelihood of default on purchases. Other risk-related uses include insurance claims and collections.