Predictive analytics uses data analysis to predict future outcomes, allowing you to gain valuable insights and make more informed business decisions. With predictive analytics, you can use your data to recognize trends, predict future events, and identify business risks and opportunities. No matter your industry, predictive analytics can help you anticipate your business needs and understand consumer trends.
Utilizing predictive analytics within your Bold BI dashboards can help you operate more efficiently, maximize revenue, and gain strategic business insights. Whether you’re a hotel manager preparing for the number of guests you’ll have next weekend or a marketing professional who needs to know which online behaviors typically lead to a purchase, Bold BI’s beautiful, user-friendly dashboards make it easier than ever to visualize your data and make more informed business decisions.
Predictive Analytics in Industries
School Performance Analysis
Bold BI’s school performance dashboard allows teachers and school administrators to track crucial enrollment and performance data. This dashboard allows to track the school’s enrollment details by noting the total number of students for academic year and predict the result for next two years.
Online Food Ordering Analysis
Bold BI’s Online Food Ordering Analysis dashboard offers a helpful example of the use of predictive analytics within the retail industry. This dashboard allows viewers to forecast trends in customer behavior and identify patterns that help the business prepare for peak order times.
Predictive Analytics in Departments
Website Visitor Analysis
Bold BI’s Website Visitor Analysis dashboard illustrates how predictive analytics might help a business optimize its marketing campaigns. This dashboard offers insight into the number of visitors to the company’s website and the number of website visitors who became paying customers.
Personal Expense Analysis
Bold BI’s Personal Expense Analysis dashboard provides a detailed breakdown of an individual’s income and expenses. The dashboard not only tracks total expenses but also logs each financial transaction and tracks the average, least, and most amounts spent per month, providing a more complete picture than that offered by the total expense figure alone.
Start your free 15-day trial today
Bold BI for Predictive Analytics – Common Metrics
With Bold BI’s user-friendly, fully customizable dashboards, you can track all the key performance indicators that your team depends on:
- Sales forecasts
- Projected revenue
- Projected expense
- Churn rate
- Conversion rate