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Showing posts with the label Predictive and Prescriptive Analytics Market

Prescriptive and Predictive Analytics Market - Forecast(2021 - 2026)

 The Prescriptive and Predictive Analytics Market size is forecast to reach $ 22.72 billion by 2026, growing at a CAGR of 19.68% during the forecast period 2021-2026. The Growth of the Prescriptive and Predictive Analytics Market can be attributed to the growth in number of connected devices in IoT, surge in demand for advanced and real-time analytics, and increasing need for prescriptive and descriptive analytical models. An increasing emphasis has been placed on the need for predictive analytics, with skills to manipulate data and develop custom algorithms. Advanced analytics solution offers a set of techniques that help deal with these challenges through statistical and technical methods, ultimately supporting strategic and fact-based decisions. Owing to this, analytics have become significant for Business Intelligence (BI) across various end-user industries. For instance, several industries such as BFSI, healthcare, retail and others have adopted prescriptive analytics solutio...