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
SPSS
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 newly-captured
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-analytics-an-overview/
FIVE WAYS IN SPSS PREDICTIVE ANALYTICS
1
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.
2
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 postdischarge 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 cross-sell product customers
want for; 60 minutes professionals will
target and recruit more-qualified
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.
Conclusion
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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