SPSS PREDICTIVE ANALYTICS An Academic presentation by Dr. Nancy Agens, Head, Technical Operations, Statswork Group www.statswork.com Email: info@statswork.com
TODAY'S DISCUSSION Outline SPSS Five Ways in SPSS Predictive Analytics Conclusion
SPS S
Statistical Package for the Social Sciences (SPSS) permits users virtually in any trade to ascertain into the long run. It is a component of IBM’s Business Analytics portfolio and works seamlessly with Cognos, the world’s business intelligence tool. SPSS attracts on a robust reserve of algorithms to research data, similarly as newlycaptured information to modify smarter choices and improve outcomes. Once integrated with Cognos, completely different levels of users — from executives to analysts — will see dynamic game reports, scorecards, and different visuals on their desktops or mobile applications
https://www.ironsidegroup.com/2012/10/09/ibm-spss-predictive-analy tics-an-overview/
FIVE WAYS IN SPSS PREDICTIVE ANALYTICS
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ENHANCING ONLINE REVENUE PROJECTIONS SPSS predictive analytics will facilitate online retailers to determine the positioning methods presumably to steer to a buying deal or an abandoned cart. Knowing a client which doubly as doubtless to shop for if he or she clicks on two product reviews will inform not merely the brand's approach to website style, however its entire revenue model.
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DIMINISHING EXTRAORDINARY EXPENSES
Predictive analytics will facilitate lower a range of prices by detective work wherever underperformance is probably going to occur. Within the health care business, as an example, hospitals are subjected to reduce health care payments if their patient admission rates are high. By victimization, predictive analytics to spot that patients are possibly to possess post- discharge issues, hospitals will offer further care and directions to at-risk patients and doubtless save several greenbacks.
3 ENHANCE CUSTOMER SATISFACTION With SPSS predictive analytics, selling will section and tailor offerings to match client needs; center agents will up-sell and crosssell product customers want for; 60 minutes professionals will target and recruit morequalified candidates. All increasing, however, the corporate effectively works with its customers.
4 BOOST SUPPLY-CHAIN EFFICIENCY Predictive analytics will take the vast amounts of information from location systems and create period forecasts of once and wherever merchandise area unit probably to sell out or not move the least bit. Guaranteeing that standard merchandise area unit forever available keeps customers happy, too.
5 RETHINKING LABOR PRICES Predictive analytics will use information from meters to forecast that customers can have high bills that month. This may be accustomed to boost client satisfaction by alerting households regarding high bills before they arrive. Predictive analytics can't solely facilitate finance groups project revenue a lot of accurately, however they'll conjointly predict labor prices at decision centres.
Conclusio n
SPSS predictive analytics offers potential edges to each company. There are predictive analytics solutions for all shapes and sizes of budget and varied different applications.
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