Know the basics of predictive analytics Predictive analytics is about finding patterns in data for which you need a vast amount of the same. It involves using statistical algorithms and machine learning on a vast amount of data to draw patterns. It helps to predict future outcomes. With this objective data is drawn from existing as well as new data sets.

Examples of predictive analytics that you need to know The Google Flu Trend is one of the great examples of predictive analytics. Predictive analytics has a variety of practical implementations and there are a number of industries where this technology is used. It is used to predict the weather, insurance premium, trading in stocks, healthcare, retail, and many more.

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