Unleashing the power: predictive analytics to hit $24 billion by 2028

by | Jul 3, 2023 | Healthcare, News, Technology

Imagine a world where predictive analytics could revolutionize , making it more efficient and cost-effective. Now, stop imagining because that world is here.

The Power of Predictive Analytics

The potency of predictive analytics in transforming business operations can no longer be ignored. The market is projected to hit a staggering $24.04 billion by 2028, growing at an annual rate of 23%1.

But what does this mean for you?

It's simple. The figures illustrate the potential transformative power that predictive analytics carries, especially in industries like .

Transforming Prison

For instance, the Royal Australian College of General Practitioners (RACGP) recently updated its prison standards.2 Although not explicitly stated, one can infer that incorporating predictive analytics into their healthcare management system could greatly enhance efficiency and effectiveness.

Here's why:

Incorporating this allows for health predictions based on patterns and trends derived from vast amounts of data. Essentially, it's about turning hindsight into foresight.2.

Battle Against COVID-19

And it doesn't stop there…

Modern medicine giant Moderna has requested authorization from the European Medicines Agency (EMA) for its updated COVID-19 vaccine.3. One intriguing aspect? They leverage advanced analytics to anticipate virus mutations.

This offers timely insights into virus behavior and mutation patterns—vital tools in combating the pandemic.

However…this is just scratching the surface…

Potential Unleashed… Hidden In Plain Sight?

There's more – much more – to uncover about predictive analytics' transformative power across various sectors.

Yet somewhere along these lines, there might be a need for someone to lead this transformation journey… Someone who understands both business strategy and cutting-edge

They would provide strategic guidance and support during these transitions…

But that discussion waits for another day…

Today, we dive deeper into how transformative technologies like predictive analytics become game-changers across industries…

Stay tuned!

1 Predictive Analytics Market Value set to reach USD 24 Billion by 2028 [Yahoo Finance]
2 Significant Update Of RACGP Prison Standards [RACGP]
3 Moderna Files For European Authorization Of Updated Covid Vaccine [Reuters]

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