• Predictive analytics software market was valued at $5.3 billion in 2020.
  • The market is forecasted to grow to $41.5 billion by 2028.
  • Healthcare predictive analytics alone is expected to reach $119 billion by 2033.
  • 55% of businesses are likely to adopt AI predictive analytics tools by 2025.

Our Predictive Analytics Services to Drive Growth

We use data to spot market changes early and understand what customers might want next. Our predictive analytics helps teams make smart moves ahead of time, not after the fact. This way, it’s easier to find new opportunities, avoid risks, and grow faster.

Strategic Consulting01

Allow our data engineering company to help you assess the feasibility of using analytics to generate desired outcomes. Determine how your machine learning product could be improved with predictive analytics. We’ll build a clear roadmap for implementing predictive modeling.

Predictive Model Development 02

Build highly accurate predictive models by combining state-of-the-art algorithms with machine learning and artificial intelligence. Our custom software development company can also help you alter algorithms to predict any metric, whether it be customer actions or sales trends.

Data Analysis & Preprocessing03

Our team also has extensive experience in various data sources, including structured data, unstructured data, text data, and more. No matter what type of data you want to analyze or process, we can help you augment your data sets with generative adversarial networks.

Predictive Analytics Tools Integration 04

Integrate predictive analytics tools with your existing workflows. Our data engineers will work closely with you to ensure that the integration is seamless and effective. We also provide complete application maintenance and support services.

Custom Product Development 05

As an award-winning mobile app development company, we provide full-cycle custom product development services. Build predictive analytics software from scratch with our expert team of product designers and developers who can lead product development in an agile way.

Risk Assessment & Mitigation06

Identify and mitigate risks in your business operations. We help you prevent potential pitfalls by studying historical data and market patterns. Our approach to predictive analytics will allow you to deal with various risks, from financial to supply chain.

Use Cases of Our Predictive Maintenance Services

Predicting future demand for your products or services

Predicting the future trends is a massive advantage for any business. By anticipating market changes and client preferences, we help businesses gain a competitive advantage in the market.

  • Forecast future demand for your products or services.
  • Optimize inventory levels and make better decisions about pricing and marketing.

    • Predicting the likelihood of customers leaving your business

    Build custom predictive models to identify which customers are at risk of canceling their subscription, product, or service. With this insight in mind, businesses can target at-risk customers with personalized offers to make them stay.

  • Build and deploy ML models to identify and predict future outcomes.
  • Reduce customer acquisition costs by retaining existing clients.

    • Preventing downtime before it happens

    Our ML engineers develop and deploy predictive maintenance solutions that detect potential equipment failures before they happen. Widely used in manufacturing, energy, and transportation, predictive analytics can avoid costly downtime, improve efficiency, and streamline your business operations.

  • Predict when equipment needs maintenance based on usage patterns and sensor data.
  • Reduce operational disruptions and maintenance costs, saving both time and money.

    • Identifying and mitigating fraudulent activities

    Businesses face the constant challenge of detecting and preventing fraudulent activities. This is where our predictive analytics solutions enable you to analyze large volumes of transactional and historical data in real time, so that you can identify anomalies that indicate potential fraud.

  • Leverage advanced analytics and ML models to protect customer assets.
  • Store, process, and analyze massive datasets for better fraud pattern recognition.

    • Lending with full confidence

    Common in banking and financial services, credit scoring is a great way to evaluate a customer’s creditworthiness. We use predictive models to help you determine credit scoring so you can target potential customers.

  • Use financial history, income, and repayment behavior.
  • Minimize the risk of defaults and ensure fair lending practices.

    • Our Tech Experts Lead Innovation and Change.

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    Why Choose Our Predictive Analytics Services & Consulting?

    At SoftProdigy, we empower businesses through complete predictive analytics and big data analytics solutions fueled by AI, ML, and cloud. With our skilled team of data engineers, achieve your business objectives efficiently and affordably, mitigating the risks associated with data security.

    1

    Customized Predictive Models

    We understand that every business is unique. Thus, we tailor our predictive models to align with your unique business goals, ensuring that the insights generated are always relevant to your organization.

    2

    Advanced Machine Learning Algorithms

    Our team harnesses the power of state-of-the-art ML, AI and deep learning techniques to develop precise predictive models. We stay at the forefront of technological advancements, so that our clients can take advantage of the latest innovations in the field.

    3

    Security and Compliance

    We ensure end-to-end data encryption by prioritizing data security and adhering to ISO 27001-certified practices. We also help businesses meet strict industry compliance standards, including GDPR, HIPAA, and more.

    4

    Certified Data Engineers

    As an officially registered Snowflake and Databricks partner, we are well-equipped to manage the intricacies of data. Our team analyzes data preemptively to ensure regulatory adherence, safeguarding business operations against emerging threats and data security concerns.

    Our Tech Stack for Predictive Analytics

    As an award-winning digital transformation agency, we harness state-of-the-art tools and technologies to build advanced predictive analytics solutions. Our tech stack is carefully designed to handle the complexities of modern data environments, helping us ensure seamless technology integration and optimal data management.

    Cloud Platforms: AWS, Microsoft Azure, Google Cloud.

    Database Systems: MySQL, PostgreSQL, MongoDB, Cassandra.

    ETL Tools: Informatica, Talend, Apache NiFi.

    Analytics Platforms: Tableau, Power BI, Looker.

    Data Engineering: Snowflake, Databricks, Amazon Redshift, Azure Data Lake Storage, Azure Data Factory.

    QA & Testing: Selenium, Appium, Postman, Jest, Mocha.

    Our Methodology for Databricks

    Whether it’s understanding your data challenges, crafting a custom ML model tailored to your goals, or implementing your data warehouse with precision, we follow an agile approach to ensure seamless functionality and accuracy. Unlock the power of predictive analytics with us! Consultation Planning Development Integration QA & Testing Launch Feedback Optimization

    Industries We Serve With Predictive Analytics

    Drive Smarter Sales Strategies in Retail

    Build innovative predictive analytics software that can forecast your customers’ purchase behavior. We can help make better decisions about demand, pricing, cross-selling, and upselling.

    • Increase revenue with 20% better cross-selling and upselling strategies.
    • Enhance customer satisfaction by predicting demand trends.

    Optimize Every Link in Your Supply Chain

    Our predictive analytics models can be used to optimize your logistics and supply chain operations. By analyzing data from past shipments, you can forecast demand, plan inventory, and choose the most efficient shipping routes.

    • Reduce delivery times by up to 30% with efficient route planning.
    • Achieve up to 20% cost savings through accurate inventory forecasts.

    Accelerate Innovation in Healthcare

    Gather the data from clinical trials and experiments to empower your predictive analytics models. Use these models to forecast the efficacy of new drugs, plan clinical trials, and much more.

    • Forecast the efficacy of new drugs with up to 95% accuracy using clinical trial data.
    • Reduce trial costs by up to 20% with data-driven trial planning.

    Predict and Optimize Energy Usage

    With real-time data from a variety of sources, our data engineering consulting services help businesses optimize their energy usage, predict demand, and make better decisions about capacity planning. Our predictive models can also help you forecast the behavior of power grids and identify potential problems before they happen.

    • Decrease energy waste by up to 15% through predictive consumption models.
    • Improve grid reliability with 90% accurate forecasts of potential disruptions.

    Mitigate Risk and Maximize Returns

    When it comes to banking, finance, or insurance industries, predictive analytics is essential. We can help you integrate innovative predictive analytics tools that are based on historical data and can be used to forecast credit risk or trading activities.

    • Reduce credit risk by up to 40% with advanced predictive scoring models.
    • Improve trading decisions with up to 85% accurate market activity forecasts.

    18+

    Years of Experience

    1250+

    Clients Served

    5000+

    Projects Done

    200+

    Industry Experts

    Transform your business now!

    What Our Clients Say

    client image

    “The SoftProdigy team took the time to understand the “why” behind the project which allowed them to not only make a great app but be a trusted consultant throughout the project. My team and I are very happy with our experience working with SoftProdigy. The team is quick to respond and develop solutions as needed throughout the project. Moreover, they’re highly responsive and fast.”

    Tate Z

    Founder at

    Client - SoftProdigy

    “Though there were delays from my side, thanks for delivering what was promised. You were really patient. The ORM campaign produced definitive and solid results. I was truly impressed and all the deliverables were on time. If somebody were to ask me for something similar, I’d definitely recommend your services.”

    James Kellogg

    Founder at

    Tzachi Frid

    “We are extremely happy with the website that SoftProdigy built for us. It’s mobile-responsive, visually appealing, easy to navigate, SEO-friendly, and everything that we asked for. Also, the CMS is intuitive and user-centric. Their team was a pleasure to work with and even offered support post launch. We’d love to work with the team in the future.”

    Tzachi Frid

    Founder at

    Sashank - SoftProdigy

    “We started out in January with lots of to-do lists to redesign the existing website. The newly designed website is now completed and I have to say that it looks great! Not only are they professional, but they also possess the patience of a saint. If you’re looking for a level of commitment, SoftProdigy is the team to rely on.”

    Sashank

    Founder at

    Frequently Asked Questions

    Predictive analytics deals with making predictions about future events and trends based on historical data. It relies on a variety of techniques, including machine learning, statistical modeling, data mining, AI and deep learning.

    Predictive analytics helps businesses gain insights from data to better understand customer behaviors, personalize offers, and retain customers. Some key examples include churn prediction, product demand forecasting, marketing campaign optimization, and dynamic pricing.

    Every industry can take advantage of predictive analytics by acting proactively and preventing risky events. Leverage predictive analytics for effective customer analysis, inventory management, predictive maintenance, fraud detection, and much more.

    The accuracy of predictions through predictive analytics matters. It depends on the quality of data, the precision of models, and statistics. When done right, it can be impressively on target.

    Leverage our cross-industry expertise to tackle diverse predictive analytics needs. We also provide end-to-end data engineering consulting services, including data lakehouse architecture, advanced analytics, MLOps, and data products. Contact us today for a free consultation!