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SPSSPREDICTIVE ANALYTICS An Academic presentationby Dr. Nancy Agens, Head, Technical Operations, Statswork Group www.statswork.com Email:info@statswork.com
Outline SPSS Five Ways in SPSS Predictive Analytics Conclusion TODAY'SDISCUSSION
Statistical Package for the Social Sciences(SPSS) permits users virtually in any trade toascertain into the longrun. It is a component of IBM’s Business Analytics portfolio and works seamlessly with Cognos, the world’s business intelligencetool. SPSS attracts on a robust reserve of algorithms to research data, similarly as newly-captured information to modify smarter choices and improveoutcomes. 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 mobileapplications SPSS
https://www.ironsidegroup.com/2012/10/09/ibm-spss-predictive-analytics-an-overview/https://www.ironsidegroup.com/2012/10/09/ibm-spss-predictive-analytics-an-overview/
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 arehigh. By victimization, predictive analytics to spot that patients are possibly to possess post- discharge issues, hospitals will offer further care and directions to at-risk patients and doubtless save severalgreenbacks. 1 SPSSpredictive analyticswill facilitate online retailers to determine the positioning methods presumably to steer to a buying deal or an abandonedcart. 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 revenuemodel. ENHANCING ONLINEREVENUE PROJECTIONS
4 BOOSTSUPPLY-CHAINEFFICIENCY With SPSS predictive analytics, selling will section and tailor offerings to match client needs; center agents will up-sell and cross-sell productcustomers want for; 60 minutes professionals will target and recruit more-qualified candidates. All increasing, however, the corporate effectively works with its customers. 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. 3 ENHANCE CUSTOMERSATISFACTION
Predictive analytics will use information from meters to forecast that customers can have high bills thatmonth. This may be accustomed to boost client satisfaction by alerting households regarding high bills before theyarrive. Predictive analytics can't solely facilitate finance groups project revenue a lot of accurately, however they'll conjointly predict labor prices at decisioncentres. 5 RETHINKING LABORPRICES
SPSS predictive analytics offers potential edges to each company. Conclusion There are predictive analytics solutions for all shapes and sizes of budget and varied differentapplications.
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