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Application of Prescriptive Analysis

The document discusses applications of prescriptive analytics in various industries including banking, oil and gas, healthcare, retail, government, and manufacturing. Prescriptive analytics can help optimize decisions and strategies in these sectors.

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sivanthirajan2001
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54 views6 pages

Application of Prescriptive Analysis

The document discusses applications of prescriptive analytics in various industries including banking, oil and gas, healthcare, retail, government, and manufacturing. Prescriptive analytics can help optimize decisions and strategies in these sectors.

Uploaded by

sivanthirajan2001
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Application of

Prescriptive Analysis

S.SIVANTHI RAJAN
1ST MBA
Prescriptive
Analysis
Prescriptive analytics is the use of
advanced processes and tools to
analyze data and content to
recommend the optimal course of
action or strategy moving forward.
1 Banking and Financial Services

2 Oil, Gas and Utilities

3 Health Insurance

Applications
4 Retail

5 Governments and Public Sector

6 Manufucturing
Applications

Banking and Oil, Gas and


Financiall Manufucturing Health Insurance
Predictive analytics help banks
and financial institutions to predict Prescriptive analytics substantially Prescriptive analytics is in the
consumer behaviors and reduces the financial risk of healthcare inventory management
preferences. Understanding fracking by revealing key insights, sector. This branch of healthcare
customer patterns allows modeling potential drilling ensures that the medications and
businesses to gain a competitive scenarios, and identifying areas of equipment needed for each
advantage in forecasting, opportunity. It reduces the amount patient's care are always present
planning, and making decisions of drilling needed to find productive in adequate quantities. That
aligning with the best interests of shale oil, which means less harm to makes it essential to both value-
their clients. the environment. based care and high operational
efficiency.
Applications

Governments and
Retail Manufucturing
Public Sector
predictive analytics is one area
To make good recommendations, where the government can manufacturers improve
a prescriptive analytics system embrace the evidence-based operational efficiency and
needs to not only know what is decision-making energy and show productivity, enhance customer
likely to happen in the future but increased accuracy and efficiency satisfaction and loyalty, support
also needs to know what actions in decision making, as is strategic planning and innovation,
will lead to the best possible future prescribed under these and advance sustainability and
outcome. movements, thereby gaining public social responsibility.
trust and lawmaker backing.
Thank You

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