Historical Analytics V Predictive Analytics

Historical Analytics V Predictive Analytics

Business analytics and predictive analytics are two closely related but distinct fields that are used to analyze data and make informed decisions.

Business analytics is the process of using data, statistical algorithms, and other techniques to understand and interpret historical data and trends. It is used to make strategic and operational decisions by identifying patterns and trends in past data. Business analytics is typically used to understand past performance, identify areas for improvement, and make better decisions in the future.

Predictive analytics, on the other hand, is the process of using data, statistical algorithms, and other techniques to make predictions about future events. Predictive analytics is used to forecast future outcomes, identify potential risks and opportunities, and make proactive decisions. Predictive analytics models use a variety of techniques, including statistical models, machine learning, and data mining, to make predictions.

While both business analytics and predictive analytics are used to analyze data and make decisions, the key difference between the two is that business analytics is focused on understanding past performance, while predictive analytics is focused on forecasting future outcomes.

Business analytics is a necessary step to understand the past performance of any business, however, predictive analytics is used to anticipate the future happenings of a business, so it’s a powerful tool to make proactive decision.

In summary, Business analytics and predictive analytics are different but complementary fields. Business analytics provides insights into historical data and trends, while predictive analytics uses that information to make predictions about the future. Together, they can provide a comprehensive understanding of past performance and future potential to help businesses make informed decisions.

Our Mission

Ai is changing the world. Many organisations are accelerating faster than others using expensive Ai Software and employing teams of Data Scientists, Data Engineers & Analysts.

We enable every organisation and every person to benefit from the power of predictive analytics using Ai without the need for coding skills or data science training.

What We Do

MOBJAI™ radically simplifies and accelerates the complex process of creating, training and selecting machine learning models to create unique business predictions.​

missionobjective develops MOBJAI™. A unique, powerful, easy to use business Ai platform to create rapid and actionable business predictions for strategic focus.

How We Help

  • Create Predictions from your data.
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