Microsoft Power BI- Efficient predictive analytics tool
Microsoft
Power BI is one of the best predictive analytics tools. It is one of the most
preferred tools of Data scientists and leads the pack of business intelligence
(BI) tools.
What is predictive analysis?
·
Predictive analytics is a form of advanced analytics
that uses both new and historical data to forecast activity, behavior and
trends.
·
It involves applying statistical analysis techniques,
analytical queries and automated machine learning algorithms to datasets in
order to create predictive models that place a numerical value (score) on
likelihood of a particular event happening.
·
Predictive analytics software applications usevariables that can be measured and analyzed to predict the likely behavior of
individuals, machinery or other entities.
·
For example, an insurance company is likely to take
into account potential driving safety variables, such as age, gender, location,
type of vehicle and driving record, when pricing and issuing auto insurance
policies.
·
Multiple variables are combined into a predictive
model capable of accessing future probabilities with an acceptable level of
reliability. The software relies heavily on advanced algorithms and methodologies
such as logistic regression models, time series analysis and decision trees.
What is Power BI?
Power BI is
a business analytics tool provided by Microsoft. It provides interactive
visualizations and self-service business intelligence capabilities. End users
can create reports and dashboards by themselves without having to depend on
information technology staff or database administrators. Power BI is giving
tough competition to Tableau as far as predictive analytics is concerned. Any
average person who does not know much about analytics can easily use Power BI.
On the other hand tableau is a little bit tricky and some amount of expertise
in data analysis and business intelligence is required.
How can predictive analytics using Power BI
help?
Predictive
analytics can be of great significance for businesses. It can increase
productivity, reduce costs, deliver faster results using fewer resources,
improve operations, help in fraud detection, help in risk management and
optimize marketing campaigns.
Power BI training
Power BI is
one of the most widely used BI tools and demand for Power BI training is quite
high. Sky Infotech offers quality Power BI training in Noida. This institute is
ranked highly among institutes battling for best Power BI training institute in
Noida tag. Trainees residing across Delhi/NCR find this institute very easily
accessible as two metro stations, Noida sector-59 and Noida sector-62 is at
walking distance from this institute.
Thanks & Regards
Sky InfoTech Pvt. Ltd.
A -50, Sector-64, Noida (UP)
Ph. 0120 - 4242224
Noida: 9717292598 / 9717292599
Delhi: 9717292601 / 9717292602
Gurgaon: 9810866624 / 9810866642
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