Predictive analytics is a form of advanced analytics which examines data or content to answer the question “What is going to happen?” or more precisely, “What is likely to happen?", and is characterized by techniques such as regression analysis, forecasting, multivariate statistics, pattern matching, predictive modeling, and forecasting. Predictive analytics analyzes historical and current data to forecast future events or actionable outcomes.
What Are The Benefits of Predictive Analytics?
Use predictive analytics to make better workforce decisions with Cornerstone Insights. Cornerstone Insights applies sophisticated predictive analytics to your talent data, enabling business leaders to answer burning questions about how to better hire, manage, retain and reward employees. Insights allows clients to easily visualize their data and take immediate action on recommendations to achieve measurable improvements in business results. Predictive analytics allow you to analyze trends in your historical data and identify what lies ahead for your organization. Cornerstone Insights takes it one step further and provides tools to recommend changes and visualize the impact of those changes. You can get ahead of issues before they become a problem. Cornerstone Planning is an intuitive workforce planning application that helps organizations easily create, manage and execute accurate hiring plans over multiple time horizons.