write a report with the length of around 1000 to 1500 words that should address the following aspects: Overview of the selected industry Drivers to adopt predictive modelling Perceived benefits to achieve from that model

Your task for this assignment is to select at least one industry such as telecommunication, healthcare, banking and finance or any other relevant industries. You need to investigate the utility and effects of a predictive model as a BI application in that industry. You need to write a report with the length of around 1000 to 1500 words that should address the following aspects:
1. Overview of the selected industry
2. Drivers to adopt predictive modelling
3. Perceived benefits to achieve from that model
4. Strategy employed by the industry
5. Challenges of the adopted strategy
6. Actual benefits achieved through the implementation of predictive model
7. Drawback of the selected strategy
8. Conclusion and recommendations

Attachments:

                                                   Assignment

                 A report on predictive analytics capability of BI

 

Predictive modelling/analytics refers to the tools and techniques that make it possible to glean value from big data. These tools are used to turn data into actionable information for management, organization and decision making. Majority of organizations can benefit from BA, but here are some of the indicators that you should investigate a predictive modelling strategy for an organization:

  • The need to integrate data from multiple business applications or data sources
  • Lack of visibility into the company’s operations, finances, and other areas
  • The need to access relevant business data quickly and efficiently
  • Increasing volume of users requiring and accessing information and more end-users requiring analytical capabilities
  • Rapid company growth or a recent or pending merger/acquisition
  • Introduction of new products / services
  • Upgrades within the IT environment

 

Your task:

Your task for this assignment is to select at least one industry such as telecommunication, healthcare, banking and finance or any other relevant industries. You need to investigate the utility and effects of a predictive model as a BI application in that industry. You need to write a report with the length of around 1000 to 1500 words that should address the following aspects:

  1. Overview of the selected industry
  2. Drivers to adopt predictive modelling
  3. Perceived benefits to achieve from that model
  4. Strategy employed by the industry
  5. Challenges of the adopted strategy
  6. Actual benefits achieved through the implementation of predictive model
  7. Drawback of the selected strategy
  8. Conclusion and recommendations