Infographic: Big Data and Predictive Analytics

I published a blog post titled Big Data and Rise of Predictive Analytics a couple of days back in which I highlighted that I am happy to say that Predictive Analytics (or Advanced Analytics as some would prefer to say) is going main stream in 2013, thanks to Big Data. It is not too difficult to understand why given the three Vs of Big Data, namely Volume, Variety and Velocity. Only way one can derive full benefits out of Big Data is by using predictive analytics and this is forcing large and medium companies to make necessary investments in building analytics infrastructure and reporting capabilities. And this is excellent news for those in Analytics profession or technology companies/service providers who help clients derive insights from mountains of (big) data.

Good to see that major enterprise software vendors have started focusing their attention on predictive analytics. Here’s a very good infographic on Predictive Analytics published by SAP Blog (infographic embedded below):

 

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