Predictive analytics services to augment your business
Why predictive analytics services
Improve ROI and cut costs
Detect business areas that can operate with fewer investments using predictive analytics. You can cut the budget on production, reduce waste, or optimize the supply costs to grow revenue. Besides, improving sales and customer retention will also enhance your budget distribution. Predictive analytics uses historical data to forecast the future behavior of any process or object.
Improve production efficiency
Forecast production rates more efficiently using the services of predictive analytics vendors. Besides, using historical data can help you estimate potential production failures before they happen and minimize equipment downtime. You can also use forecasting to avoid supply chain disruptions and prevent production setbacks.
Beat the competition
Predictive analytics will help you find out when and why customers leave and get insights into acquiring more qualified leads. With predictive analytics, you can provide your customers with an enhanced experience by analyzing their preferences and behaviors. This personalized approach will help you stand out from competitors and build stronger customer relationships.
Keep pace with market tendencies
Structure your plans, allocate resources accordingly, and bring your business a competitive advantage on the market, being the first one to adjust to the upcoming tendencies. Predictive analytics enables you to be the first to capture and forecast industry trends accurately.
Improve sales and marketing results
In terms of sales and marketing activities, predictive analytics can analyze consumer data and inform you about approaches that work and those that don’t. You can even structure a plan for cross-sell and upsell opportunities using predictive analytics. Besides, predictive analytics identifies customer segments by behavior, demographics, preferences, or purchasing patterns.
Meet consumer expectations
Customize your products and services according to the needs of your customers in real time. You can gather all necessary customer data, including purchase history, browsing specifics, and feedback, and analyze it using predictive analytics. This way, you’ll build your offering around customer preferences, interests, and motivations. You can also forecast customer demand using predictive analytics.
Talk to our predictive analytics experts
Reach out to Volodymyr to discuss your predictive analytics needs and learn more about the data science services we deliver at Lemberg Solutions.
As an ML expert with a Ph.D. in Data Science, Volodymyr is in charge of AI-based and data science solutions we develop for our client’s business process optimization and innovative products. He will consult you on setting up the expert team to put AI-based solutions that will boost your business effectiveness into practice.