Predictive Analytics Can Play a Big Part in Emerging Economy Growth
April 26, 2018
Predictive analytics uses historical data to predict future events and has been proven to transform business data into actionable insights that help companies with strategic decision making. But can developing countries also springboard off it and apply the technology-enabled assumptions for new areas of development? As the emphasis on digitalization takes root across services and sectors in emerging economies, analytics is becoming more relevant and more usable. By building forecast models that are economy-based and multidimensional, developing countries can understand country-level indicators including risks, metrics for investment, inflation, and opportunities to build a plan for growth.
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