Prescriptive analytics is considered the third wave of the Big Data revolution after descriptive analytics and predictive analytics. Prescriptive analytics add a third layer of technology by evaluating possible actions in response to the data and produce a desired outcome. Combination of predictive and prescriptive analytics can be helpful for organizations which wants to do more in less time. Combining prescriptive and predictive analytics add more features into the equation, such as the responsiveness of a prospect to your outreach. Effective prescriptive analytics deliver more transparency and control. For more read: http://insidebigdata.com/2016/03/03/how-prescriptive-analytics-puts-complex-decision-making-on-rails/
When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.
Comments