Prescriptive Analytics is a form of advanced analytics which examines data or content to answer the question “What should be done?” or “What can we do to make it happen?”. It assists your organization forecast future outcomes based on factual data and analytics techniques such as machine learning.
Predictive analytics provides you with raw data so you can build your own plans and actions, while prescriptive analytics does all of the work for you and provides actionable options.
The business intelligence is very necessary for solving problems, creating new methods and for business decision making by using various analytics data. There are various tools in type of data analysis such as descriptive analytics, predictive and prescriptive analytics, which are the future of business intelligence.
Avail more information from Sample Brochure of report @ http://bit.ly/2G843o7 A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Global Prescriptive Analytics Market and future opportunities are provided in the report.
The Prescriptive Analytics market size is forecast to reach $ 22.72 billion by 2025 growing at a CAGR of 21.68% during the forecast period 2020-2025. The Growth of Prescriptive Analytics industry 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 analytical models.
Market Research Future published a research report on “Prescriptive Analytics Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022. Get complete Report @ https://www.marketresearchfuture.com/reports/prescriptive-analytics-market-2613
The prescriptive analytics market size is estimated to grow from USD 1.16 Billion in 2016 to USD 4.58 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 31.7% during the forecast period. The base year considered for this report is 2015 and the forecast period is 2016–2021. The main objective of this report is to define, describe, and forecast the global prescriptive analytics market on the basis of components, data types, applications, business functions, deployment models, verticals, and regions. The report provides detailed information regarding the major factors influencing the growth of the market. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles key players and comprehensively analyzes their core competencies.
“Global Prescriptive Analytics Market” report offers determining insights into the overall industry along with the market dimensions and assessment for the duration 2018 to 2025.
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