Predictive analytics in enterprise management
Predictive analytics has become a crucial tool in modern enterprise management, enabling organizations to anticipate future trends, optimize business processes, and mitigate risks. With the rise of digital transformation, companies increasingly rely on data-driven decision-making to enhance operational efficiency and maintain competitiveness. Predictive analytics leverages historical data, machine learning, and artificial intelligence to develop models that forecast outcomes and provide actionable insights. This paper explores the theoretical foundations of predictive analytics, its core methodologies, and its practical applications in enterprise management. The purpose of the paper is to analyze the role of predictive analytics in enterprise management, assess its effectiveness across various business functions, and identify the key challenges and opportunities associated with its implementation. The study employs a comprehensive research methodology, combining big data analysis, statistical modeling, and machine learning techniques to evaluate the efficiency of predictive analytics in enterprise management. A comparative analysis of successful case studies highlights best practices and challenges in implementing predictive analytics across different industries. Factor analysis is used to determine the critical success factors influencing the adoption of predictive technologies. The research also utilizes a systems approach to examine the interconnections between predictive analytics, business processes, and strategic decision-making. The findings indicate that predictive analytics significantly improves decision-making by enabling businesses to forecast market trends, optimize production cycles, and manage risks proactively. Companies that implement predictive analytics report higher efficiency in supply chain management, enhanced customer targeting, and improved resource allocation. The study identifies key predictive techniques such as machine learning algorithms, regression analysis, and neural networks as critical tools for data-driven business strategies. Furthermore, the integration of predictive analytics with cloud computing and IoT enhances real-time data processing, allowing enterprises to adapt dynamically to changing business environments.
Authors
- Liubomyr Vankovych (ORCID: https://orcid.org/0000-0001-8776-8511)
- Roman Shendiuk (ORCID: https://orcid.org/0009-0006-5183-3610)
- Oleksandr RULIKIVSKYI (ORCID: https://orcid.org/0009-0007-4715-2342)
- Andrii KHAVYCH (ORCID: https://orcid.org/0009-0008-7204-6397)
Institutions
- Lviv Polytechnic National University (UA)
Publication Details
- Journal
- Economics Finances Law
- Published
- 2025-02-28
- DOI
- https://doi.org/10.37634/efp.2025.2.4
- Primary Topic
- Risk and Safety Analysis
- Type
- article
- Field-Weighted Citation Impact
- 0.00