Frequency : 12 issues per year
Subject : Computer Applications and Technology
ISSN : 2319–8656 (Online)
IJCATR Volume 14 Issue 2
Leveraging Predictive Analytics to Optimize Business Performance and Drive Operational Excellence
Oluwatomisin Olawale Fowowe, Adeniyi Adedapo I
10.7753/IJCATR1402.1005
keywords : : Predictive Analytics; Business Optimization; Machine Learning; Operational Excellence; Risk Mitigation; Data-Driven Decision Making
Predictive analytics has emerged as a transformative approach in the pursuit of optimizing business performance and achieving operational excellence. By leveraging advanced statistical models, machine learning algorithms, and data mining techniques, organizations can forecast trends, anticipate customer needs, and streamline operations. This proactive approach has reshaped traditional decision-making processes, enabling businesses to shift from reactive strategies to data-driven, anticipatory practices. In today's competitive landscape, predictive analytics is integral to enhancing efficiency, minimizing costs, and identifying growth opportunities. The adoption of these technologies spans diverse industries, including finance, healthcare, manufacturing, and retail, where real-time insights drive dynamic resource allocation and improve customer satisfaction. For instance, predictive models enable companies to mitigate risks by identifying potential operational bottlenecks and enhancing supply chain resilience. Furthermore, machine learning applications, such as demand forecasting and predictive maintenance, contribute significantly to reducing downtime and improving asset utilization. However, while the advantages of predictive analytics are undeniable, challenges such as data quality, scalability, and ethical considerations, including privacy concerns, remain critical barriers to implementation. To overcome these challenges, organizations must prioritize robust data governance frameworks, invest in advanced analytics infrastructure, and foster cross-functional collaboration among data scientists, business leaders, and IT professionals. This paper look into the theoretical foundations, practical applications, and future trends in predictive analytics. It highlights the role of emerging technologies, such as artificial intelligence and cloud computing, in advancing predictive capabilities and provides actionable insights for leveraging analytics to foster business agility and achieve sustained operational excellence.
@artical{o1422025ijcatr14021005,
Title = "Leveraging Predictive Analytics to Optimize Business Performance and Drive Operational Excellence ",
Journal ="International Journal of Computer Applications Technology and Research(IJCATR)",
Volume = "14",
Issue ="2",
Pages ="66 - 81",
Year = "2025",
Authors ="Oluwatomisin Olawale Fowowe, Adeniyi Adedapo I"}
The paper explores how predictive analytics transforms business performance and operational excellence through advanced models and techniques.
It highlights practical applications of predictive analytics in industries like finance, healthcare, manufacturing, and retail.
Emerging technologies, such as AI and cloud computing, are examined for advancing predictive capabilities and enhancing efficiency.
The study addresses challenges like data quality, scalability, and ethical considerations, offering actionable solutions for implementation.