4 Industries Implementing Predictive Analytics Consulting Successfully, but How

3. Cybersecurity
Cybersecurity will exist as an obstacle in the digital world as criminals are
continually finding ways to invade digital systems. However, companies will also
keep creating profitable solutions to handle these threats. Building a new and
advanced system to keep hackers and fraudsters at bay is similar to throwing
down your armor and begging for a worthy adversary. Although predictive
analytics is considered as a powerful new addition to cybersecurity portfolios, too
many active cyber threats go undetected until it’s too late.
Predictive analytical models can study traffic and other signs in real-time, and
decipher better than any human whether the signs indicate an approaching or inprogress
cyber attack. This model is the ongoing mission of various public and
private institutions, including the Department of Homeland Security and
telecommunications companies.
4. Human Resources
Predictive Analytics can be successfully implemented in several tasks of HR, such
as retention, training and addressing company talent acquisitions. The
appropriate tools can help the company to identify the employees that are likely
to leave the company, even before they hand you a resignation notice.
Employee revenue in the organization is expensive, so comprising extra lead time
is a big deal. It means decision-makers don’t need to misuse their retention
efforts on the wrong people.
Prospecting the Data-Driven World with Predictive Analytics!
The extensive use of data in predictive analytics carries out several new types of
threats that are supposed to be in everyone’s notice, as well. Today’s
governments are lawfully getting more concerned about the politics of privacy.
Moreover, predictive analytics has also exposed itself as an influential tool in
these and some more industries for absolutely changing the game.