What is predictive analytics, and how does it work?
-
A predictive model studies past records where the outcome is already known, learns the patterns that came before each outcome, and applies them to today’s data.
Read moreShow less
If past pump failures were preceded by rising vibration and temperature, the model raises the estimated risk when it sees that pattern forming again.
-
Techniques range from classical time-series methods to gradient-boosted trees and neural networks.
Read moreShow less
The choice matters less than the quality of the data and the clarity of the question. A simple model on clean, relevant data often beats a sophisticated one on poor data, and it is easier to explain and maintain.
- Time-series forecasting
- Classification and risk scoring
- Anomaly and outlier detection
- Remaining-useful-life estimation
- Scenario and what-if analysis