Use Cases for Real-Time and Predictive Analytics

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Increased use of real-time and predictive analytics correlates with greater Big Data and analytics success and greater value delivered to the business from information- and analytics-related projects. It can be challenging for organizations that are new to real-time and predictive analytics to understand and articulate the potential business benefits because these are specific to individual use cases. For this reason, IDC surveyed the use of real-time and predictive analytics by presenting each respondent with appropriate options for their industry.

Finance

Personalized offers based on needs and credit rating (61%)

EMEA

Finance

Risk exposure assessment (49%)

Northern Europe

Finance

Personalized offers based on needs and credit rating (60%)

Southern Europe

Finance

Personalized offers based on needs and credit rating (65%)

Middle East

Finance

Underwriting and loss modeling (78%)

Africa

Discrete Manufacturing

Production process planning and optimization (83%)

EMEA

Discrete Manufacturing

Analysis of customer-related online data (45%)

Northen Europe

Discrete Manufacturing

Supply-chain monitoring (81%)

Southern Europe

Discrete Manufacturing

Production process planning and optimization (100%)

Middle East

Discrete Manufacturing

Production process planning and optimization (100%)
Seasonality index calculated for past seasons (100%)
Increase inventory turnover
Track and trace (100%)

Africa

Retail

Stock reordering based on prediction (64%)

EMEA

Retail

Demand prediction and forecasting (46%)

Northern Europe

Retail

Stock reordering based on prediction (74%)

Southern Europe

Retail

Demand prediction and forecasting (61%)

Middle East

Retail

Social media response (65%)

Africa

Telco

Network optimization (61%)

EMEA

Telco

Network optimization (44%)

Northern Europe

Telco

Customer acquisition (Personalized offers based on usage and events) (65%)

Southern Europe

Telco

Customer acquisition (Personalized offers based on usage and events) (68%)

Middle East

Telco

Customer acquisition (Personalized offers based on usage and events) (67%)

Africa

Utilities

Customer behavior and interaction analysis (65%)

EMEA

Utilities

Energy consumption analysis (54%)

Northern Europe

Utilities

Workforce optimization (70%)

Southern Europe

Utilities

Revenue assurance (100%)

Middle East

Utilities

Predictive maintenance/Planning optimization (88%)

Africa

Public Sector

Process improvement based on a consistent view of data (47%)

EMEA

Public Sector

Not Valuated

Southern Europe

Public Sector

Process improvement based on a consistent view of data (40%)

Southern Europe

Public Sector

Personalized treatment via comprehensive evaluation (100%)
Practice mgmt optimization (100%)

Middle East

Public Sector

Quality of care optimization (100%)

Africa