Predictive Analytics significantly reduces the cost for the companies in finding forecast business outcomes, environmental factors, competition in the market, etc..
Here are a few of the ways how predictive modeling benefits us:
Demand forecasting
Workforce planning and churn analysis
Forecasting of external factors
Analysis of competitors
Fleet or equipment maintenance
Modeling credit or other financial risks
If you are interested to learn Predictive Analytics, I suggest these Data Analytics Certification and Data Science online courses by Intellipaat.
Also, watch this video on Predictive Analysis using Python to get started:
