Skip navigation
Predictive Analytics
Book

Predictive Analytics

The Power to Predict Who Will Click, Buy, Lie, or Die

Wiley, 2016 more...

Buy the book


Editorial Rating

8

Recommendation

Predictive analytics (PA) is a concept that’s both undeniably powerful and potentially creepy. This branch of computer science combines big data with statistics to foretell what you might buy, how you might vote or when you might die. Author and predictive analytics guru Eric Siegel is an unabashed cheerleader for his discipline, and he mostly brushes off the privacy concerns it raises. But that’s not to dismiss his study, which is engagingly written and elegantly translates dense materials and abstract concepts into easy-to-read prose. Siegel draws on a number of real-world examples from well-known companies, including Target, Hewlett-Packard and Chase Bank, and he describes his own experience as an expert consultant on predictive analytics. The result is an enlightening, plainly written guide. getAbstract recommends his PA overview to managers and investors seeking insight into a fast-growing corner of the tech economy.

Summary

Big Data and Predictions

Imagine it’s 2022. Predictive analytics (PA) plays a crucial role in your life, starting with your commute to work. When you get in your car, a predictive model will use biometrics to verify your identity. Spotify will pick music based on its forecast of your musical tastes.

As you drive, a “social techretary” reads the Facebook feeds, CareerBuilder ads and Match responses it predicts you will like. You’ll receive directions and notifications about traffic congestion from Siri. If you take your eyes off the road for too long, your car will shake your seat as a warning. If a more severe threat looms, such as a distracted driver in another vehicle or a child about to dart into traffic, your car will sound a warning. Your vehicle’s prediction system will scan the engine and transmission and warn you of imminent mechanical breakdowns.

These interactions are just the most obvious uses of PA. Other examples operate behind the scenes. You bought the car with a loan that won approval because you have a good credit score. Your auto insurer monitors your behavior with sensors that send information about your driving habits to a predictive model...

About the Author

Former Columbia University professor Eric Siegel is the founder of Predictive Analytics World and executive editor of The Predictive Analytics Times.


Comment on this summary

  • Avatar
  • Avatar
    A. S. 7 years ago
    Interesting, worth a read.
  • Avatar
    a. A. getAbstract 8 years ago
    PA is = to FICO scoring in the early days. Soon everyone will use it.
  • Avatar
    M. d. 9 years ago
    Good introduction. It didn't answer the question posted at beginning on how to *handle* privacy concerns.

More on this topic

Related Skills

AI Transformation
Корпоративные финансы
Развивайте навыки мышления
Сельскохозяйственная отрасль
Discover AI Use Cases
Отрасль автомобилестроения
Финансовая отрасль
Медицинская отрасль
Отрасль страхования
Отрасль развлечений и СМИ
Фармацевтическая отрасль
Государственный сектор
Спортивная отрасль
Отрасль информационных технологий
Высшее руководство
Управление персоналом
Лидерство
Leverage AI for Business Strategy
Leverage AI for Finance
Leverage AI for Sales
Leverage AI in Your Daily Tasks
Принимайте оптимальные решения
Управляйте финансовыми рисками
Управляйте рисками
Менеджмент
Анализ отраслевых рынков
Планируйте финансовые результаты
Производство и логистика
Продажи
Повышайте цифровую грамотность
Understand AI
Use AI for Production & Supply Chain
Навыки для работы
Discover AI Use Cases in the Energy Industry
Use AI for Data Analysis
Discover AI Use Cases in the Sports Industry
Use AI for Demand Forecasting
Будущее сельскохозяйственной отрасли
Use AI for Financial Forecasting
Discover AI Use Cases in the Public Sector
Будущее фармацевтической отрасли
Принимайте решения на основе данных
Understand AI Impact on Business and Economy
Будущее государственного сектора
Будущее медицинской отрасли
Эффективно анализируйте данные
Будущее отрасли развлечений и СМИ
Освойте прогнозирование
Use AI for Market Analysis
Будущее спортивной отрасли
Будущее отрасли страхования
Будущее ИТ-отрасли
Будущее работы
Use AI for Sales Forecasting
Освойте аналитическое мышление
Будущее финансовой отрасли
Будущее отрасли автомобилестроения