Practical Predictive Analytics

Predictive Analytics in other industries

Other examples can be found in just about every other industry. Here are just a few:

• Finance:
  • Fraud detection is a huge area. Financial institutions are able to monitor client's internal and external transactions for fraud, through pattern recognition and other machine learning algorithms, and then alert a customer concerning suspicious activity. Analytics are often performed in real time. This is a big advantage, as criminals can be very sophisticated and be one step ahead of the previous analysis.
  • Wall street program trading. Trading algorithms will predict intraday highs and lows, and will decide when to buy and sell securities.
• Sports management:
  • Sports management analytics is able to predict ...