As the name suggests, predictive analytics helps clients catch a glimpse of the future, in a manner of speaking. Except that, here, we draw up on statistics and modeling to determine future performance, based on current and historical data.
Now, these two work in tandem. Using predictive analytics’ estimation of what is likely to happen, prescriptive analytics recommends what future course to take. Prescriptive analytics factors information about possible situations or scenarios, available resources, past performance, and current performance, and suggests a course of action or strategy. Our team works out the math and after careful analysis and detailed study, presents the most sensible choice that works for you.
An umbrella term, BI is a collection of many processes that lead to a main goal – smarter decisions and optimal performance of a company. Over the years, BI has evolved to include more processes to improve performance, mainly, data mining, data visualisation, querying, reporting, performance metrics and benchmarking, etc. Cloudium offers a comprehensive service that includes but is not restricted to the above mentioned processes. We are flexible in our approach and understand that each of our clients are unique in themselves and their ideas. Its only logical therefore, to deliver equally unique solutions.