<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Microsoft Power Business Intelligence Archives - Cloud Hound</title>
	<atom:link href="https://cloudhound.uk/category/bi/feed/" rel="self" type="application/rss+xml" />
	<link>https://cloudhound.uk/category/bi/</link>
	<description>MS Power App, Power BI, Flow Developer</description>
	<lastBuildDate>Wed, 18 Jan 2023 11:52:44 +0000</lastBuildDate>
	<language>en-GB</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	

<image>
	<url>https://cloudhound.uk/wp-content/uploads/2022/05/CloudHound.icon_.ico</url>
	<title>Microsoft Power Business Intelligence Archives - Cloud Hound</title>
	<link>https://cloudhound.uk/category/bi/</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>Scaping Web Data Using Power BI</title>
		<link>https://cloudhound.uk/scraping/</link>
		
		<dc:creator><![CDATA[Christopher Bird]]></dc:creator>
		<pubDate>Sat, 22 Aug 2020 13:29:47 +0000</pubDate>
				<category><![CDATA[Business Tools]]></category>
		<category><![CDATA[Microsoft Power Business Intelligence]]></category>
		<category><![CDATA[cp MS Power BI]]></category>
		<guid isPermaLink="false">https://cloudhound.uk/?p=5059</guid>

					<description><![CDATA[<p>If you have not heard of web scrapping, it is the term used to extract data from websites. </p>
<p>The post <a href="https://cloudhound.uk/scraping/">Scaping Web Data Using Power BI</a> appeared first on <a href="https://cloudhound.uk">Cloud Hound</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="thrv_wrapper thrv_contentbox_shortcode thrv-content-box tve-elem-default-pad">
	<div class="tve-content-box-background"></div>
	<div class="tve-cb"><div class="thrv_wrapper thrv_text_element"><p><span data-offset-key="lsjt-0-0"><span data-text="true">If you have not heard of </span></span><a href="https://en.wikipedia.org/wiki/Web_scraping" target="_blank" class="" style="outline: none;"><span data-offset-key="lsjt-0-0"><span data-text="true">web scrapping</span></span></a><span data-offset-key="lsjt-0-0"><span data-text="true">, it is the term used to extract data from websites. You may have visited a website and they kindly provide data tables for you to download. On other occasions, you may have thought. As you&nbsp;</span></span><span data-offset-key="lsjt-1-0"><span data-text="true">manually</span></span><span data-offset-key="lsjt-2-0"><span data-text="true"> copied and pasted the data into your database or spreadsheet there must be a better way. </span></span></p></div><div class="thrv_wrapper thrv_text_element">	<p><strong><span style="color: rgb(255, 4, 4);" data-css="tve-u-174165f88e0">Warning:</span></strong> Before extracting any data, check you won't be breaking any copyright infringement rules.&nbsp;</p></div><div class="thrv_wrapper thrv_text_element"><h2 class=""><span data-offset-key="cm21t-0-0"><span data-text="true">Fortunately</span></span><span data-offset-key="cm21t-1-0"><span data-text="true">, there is an array of software tools available.&nbsp;</span></span></h2></div><div class="thrv_wrapper thrv_text_element"><p><a href="https://www.sequentum.com/sequentum-enterprise/ " target="_blank" class="" style="outline: none;">Sequentum</a> (desktop or server) aimed at the enterprise market. Pricing you need to contact Sequentum. I have no experience with this software. The fact they will not provide pricing on their website suggests it is not for everyone.&nbsp;</p></div><div class="thrv_wrapper thrv_text_element tve-froala fr-box fr-basic"><p><a href="https://data-miner.io/ " target="_blank" class="" style="outline: none;">Data Miner</a>, a Chrome browser extension. It is free if you scrape below 500 pages a month. I have used this tool and found it to be intuitive and extracts the data required without too much effort.&nbsp;</p></div><div class="thrv_wrapper thrv_text_element"><p><a href="https://www.dexi.io/" target="_blank" class="" style="outline: none;">Dexio</a> is a suite of software to meet all your extraction transform, load (ETL) needs. Again, frightened to provide pricing and I have no experience of using Dexio.&nbsp;</p></div><div class="thrv_wrapper thrv_text_element"><p><a href="https://www.uipath.com/" target="_blank">UniPath</a> provides robotic (algorithm) automation &nbsp;process software. An example job candidate submits their resume, a robot automates resume data extraction. Most end-users should be able to use this software.&nbsp;</p></div><div class="thrv_wrapper thrv_text_element"><p><a href="https://www.webscraper.io/" target="_blank">Web Scraper</a> is a free browser extension with paid options. To collect web data, it has a point and clicks interface. They call this a scraper. Once you have configured a scraper and ran your scraper you can download the data in CSV format.&nbsp;</p></div><div class="thrv_wrapper thrv_text_element tve-froala fr-box fr-basic"><p><a href="http://Web scraping R (open source) used by data scientists. R requires coding knowledge. I have used this with Microsoft Power BI and found R to be robust. R objecive is process large data sets that you just could not do with other software other than Python. " target="_blank" class="" style="outline: none;"><span data-offset-key="9lggk-0-0"><span data-text="true">Web scraping R (open source)</span></span></a><span data-offset-key="9lggk-0-0"><span data-text="true">&nbsp;used by data scientists. R requires coding knowledge. I have used this with Microsoft Power BI and found R to be robust. R objective is to process large data sets. This you&nbsp;</span></span><span data-offset-key="9lggk-1-0"><span data-text="true">just</span></span><span data-offset-key="9lggk-2-0"><span data-text="true"> could not do with other software other than Python. </span></span></p></div><div class="thrv_wrapper thrv_text_element tve-froala fr-box fr-basic"><p><span data-offset-key="4k6a1-0-0"><span data-text="true">Web scraping in </span></span><a href="https://www.python.org/downloads/" target="_blank" class="" style="outline: none;"><span data-offset-key="4k6a1-0-0"><span data-text="true">Python (open source)</span></span></a><span data-offset-key="4k6a1-0-0"><span data-text="true">. Again a professional data extraction tool&nbsp;</span></span><span data-offset-key="4k6a1-1-0"><span data-text="true">mostly</span></span><span data-offset-key="4k6a1-2-0"><span data-text="true"> used by data scientists. </span></span></p></div><div class="thrv_wrapper thrv_text_element"><p>To use either R or Python you would have to invest time learning how. Without question R and Python are the most robust solutions but not for everyone.&nbsp;</p></div><div class="thrv_wrapper thrv_text_element"><h2 class="">Web scraping with Power BI, Power Query</h2></div><div class="thrv_wrapper thrv_text_element"><p><span data-offset-key="3p811-0-0"><span data-text="true">As an example, let’s suppose I wanted to extract data from Amazon. I seek books to do with ‘</span></span><a href="https://www.amazon.co.uk/s?k=collect+combine+and+transform+data&amp;i=stripbooks&amp;crid=2O64DMA4JS8G8&amp;sprefix=Collect+Combine+and+%2Caps%2C158&amp;ref=nb_sb_ss_fb_1_20" target="_blank"><span data-offset-key="3p811-0-0"><span data-text="true">collect combine and transform data</span></span></a><span data-offset-key="3p811-0-0"><span data-text="true">.’ I&nbsp;</span></span><span data-offset-key="3p811-1-0"><span data-text="true">require</span></span><span data-offset-key="3p811-2-0"><span data-text="true"> the book title. Author, the number of reviews, average rating and published date.</span></span></p></div><div class="thrv_wrapper tve_image_caption" data-css="tve-u-174161acf9f"><span class="tve_image_frame"><a href="https://cloudhound.uk/wp-content/uploads/2020/08/Books.jpg" target="_blank"><img decoding="async" class="tve_image wp-image-5062" alt="Power Query" data-id="5062" data-init-width="1671" data-init-height="859" title="Amazon Books" loading="lazy" src="https://cloudhound.uk/wp-content/uploads/2020/08/Books.jpg" data-width="1000" data-height="514" data-link-wrap="true" width="1000" height="514" srcset="https://cloudhound.uk/wp-content/uploads/2020/08/Books.jpg 1671w, https://cloudhound.uk/wp-content/uploads/2020/08/Books-300x154.jpg 300w, https://cloudhound.uk/wp-content/uploads/2020/08/Books-1024x526.jpg 1024w, https://cloudhound.uk/wp-content/uploads/2020/08/Books-768x395.jpg 768w, https://cloudhound.uk/wp-content/uploads/2020/08/Books-1536x790.jpg 1536w" sizes="auto, (max-width: 1000px) 100vw, 1000px" /></a></span></div><div class="thrv_wrapper thrv_text_element"><p>Open Microsoft Power BI. Click the Get Data icon to reveal the drop-down and select web.&nbsp;</p></div><div class="thrv_wrapper tve_image_caption" data-css="tve-u-174161c002e"><span class="tve_image_frame"><a href="https://cloudhound.uk/wp-content/uploads/2020/08/GrabData.jpg" target="_blank"><img decoding="async" class="tve_image wp-image-5063" alt="Web scraping" data-id="5063" data-init-width="1915" data-init-height="1036" title="Grab Data" loading="lazy" src="https://cloudhound.uk/wp-content/uploads/2020/08/GrabData.jpg" data-width="1000" data-height="541" data-link-wrap="true" width="1000" height="541" srcset="https://cloudhound.uk/wp-content/uploads/2020/08/GrabData.jpg 1915w, https://cloudhound.uk/wp-content/uploads/2020/08/GrabData-300x162.jpg 300w, https://cloudhound.uk/wp-content/uploads/2020/08/GrabData-1024x554.jpg 1024w, https://cloudhound.uk/wp-content/uploads/2020/08/GrabData-768x415.jpg 768w, https://cloudhound.uk/wp-content/uploads/2020/08/GrabData-1536x831.jpg 1536w" sizes="auto, (max-width: 1000px) 100vw, 1000px" /></a></span></div><div class="thrv_wrapper thrv_custom_html_shortcode"><p>
	<b>Paste the URL</b> 
</p>
<p><adrress>https://www.amazon.co.uk/s?k=collect+combine+and+transform+data&amp;i=stripbooks&amp;crid=2O64DMA4JS8G8&amp;sprefix=Collect+Combine+and+%2Caps%2C158&amp;ref=nb_sb_ss_fb_1_20</adrress>
</p></div><div class="thrv_wrapper tve_image_caption" data-css="tve-u-1741624fe9d"><span class="tve_image_frame"><a href="https://cloudhound.uk/wp-content/uploads/2020/08/WebURL.jpg" target="_blank"><img decoding="async" class="tve_image wp-image-5068" alt="Amazon Book URL" data-id="5068" data-init-width="783" data-init-height="544" title="Web URL" loading="lazy" src="https://cloudhound.uk/wp-content/uploads/2020/08/WebURL.jpg" data-width="783" data-height="544" data-link-wrap="true" width="783" height="544" srcset="https://cloudhound.uk/wp-content/uploads/2020/08/WebURL.jpg 783w, https://cloudhound.uk/wp-content/uploads/2020/08/WebURL-300x208.jpg 300w, https://cloudhound.uk/wp-content/uploads/2020/08/WebURL-768x534.jpg 768w" sizes="auto, (max-width: 783px) 100vw, 783px" /></a></span></div><div class="thrv_wrapper thrv_text_element"><p>You should see the next window. Click ‘Add Table Using Examples.’</p></div><div class="thrv_wrapper tve_image_caption" data-css="tve-u-17416268170"><span class="tve_image_frame"><a href="https://cloudhound.uk/wp-content/uploads/2020/08/AddTableUsingExamples.jpg" target="_blank"><img decoding="async" class="tve_image wp-image-5069" alt="MS Power BI " data-id="5069" data-init-width="963" data-init-height="744" title="Add Table Using Examples" loading="lazy" src="https://cloudhound.uk/wp-content/uploads/2020/08/AddTableUsingExamples.jpg" data-width="963" data-height="744" data-link-wrap="true" width="963" height="744" srcset="https://cloudhound.uk/wp-content/uploads/2020/08/AddTableUsingExamples.jpg 963w, https://cloudhound.uk/wp-content/uploads/2020/08/AddTableUsingExamples-300x232.jpg 300w, https://cloudhound.uk/wp-content/uploads/2020/08/AddTableUsingExamples-768x593.jpg 768w" sizes="auto, (max-width: 963px) 100vw, 963px" /></a></span></div><div class="thrv_wrapper thrv_text_element"><p>You should see the example window below.&nbsp;</p></div><div class="thrv_wrapper tve_image_caption" data-css="tve-u-1741627c907"><span class="tve_image_frame"><a href="https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQuery.jpg" target="_blank"><img decoding="async" class="tve_image wp-image-5070" alt="Web scraping" data-id="5070" data-init-width="1916" data-init-height="1037" title="Add Table Example PowerQuery" loading="lazy" src="https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQuery.jpg" data-width="1000" data-height="541" data-link-wrap="true" width="1000" height="541" srcset="https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQuery.jpg 1916w, https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQuery-300x162.jpg 300w, https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQuery-1024x554.jpg 1024w, https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQuery-768x416.jpg 768w, https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQuery-1536x831.jpg 1536w" sizes="auto, (max-width: 1000px) 100vw, 1000px" /></a></span></div><div class="thrv_wrapper thrv_text_element" style="" data-css="tve-u-174162c1f7e"><p><strong>Tip: Maximise the window.</strong></p></div><div class="thrv_wrapper thrv_text_element"><p><span data-offset-key="fnfrj-0-0"><span data-text="true">In the top half of the window you should be able to scroll through the list to view the available books. </span></span></p><p><span data-offset-key="fnfrj-0-0"><span data-text="true">In the bottom half of the window. On the left you should see a table with one column. Named ‘column 1.’ Double click the ‘column 1.’ Rename the column to ‘Title.’ Below the title row click the empty row. Type the first few letters of the book title. In this case ‘Learn Microsoft PowerApps.’ You should not need to type as many letters. Before the title becomes obvious to you. Click book title to add to the column. Add the next book title. On rare occasions you may need to add another book title. To have the column&nbsp;</span></span><span data-offset-key="fnfrj-1-0"><span data-text="true">fully</span></span><span data-offset-key="fnfrj-2-0"><span data-text="true"> populate with webpage book titles. </span></span></p></div><div class="thrv_wrapper tve_image_caption" data-css="tve-u-174162a861a"><span class="tve_image_frame"><a href="https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQueryData.jpg" target="_blank"><img decoding="async" class="tve_image wp-image-5071" alt="MS Power Query table" data-id="5071" data-init-width="1912" data-init-height="1029" title="Add Table Example Power Query Data" loading="lazy" src="https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQueryData.jpg" data-width="1000" data-height="538" data-link-wrap="true" width="1000" height="538" srcset="https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQueryData.jpg 1912w, https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQueryData-300x161.jpg 300w, https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQueryData-1024x551.jpg 1024w, https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQueryData-768x413.jpg 768w, https://cloudhound.uk/wp-content/uploads/2020/08/AddTableExamplePowerQueryData-1536x827.jpg 1536w" sizes="auto, (max-width: 1000px) 100vw, 1000px" /></a></span></div><div class="thrv_wrapper thrv_text_element"><p>On the right next to ‘Title’ column is a thin column with an asterisk. Click to add another column. Name the column ‘Author.’ Repeat the previous steps you did to add book title but this time author name. Repeat the same steps to add ‘Average Rating’ and ‘Release Date.’&nbsp;</p></div><div class="thrv_wrapper thrv_text_element"><p>You should find the table rows self-populate.&nbsp;</p></div><div class="thrv_wrapper thrv_text_element"><p>Once you completed click ‘OK.’&nbsp;</p></div><div class="thrv_wrapper tve_image_caption" data-css="tve-u-17416554197"><span class="tve_image_frame"><a href="https://cloudhound.uk/wp-content/uploads/2020/08/PowerBIReport.jpg" target="_blank"><img decoding="async" class="tve_image wp-image-5075" alt="data mining" data-id="5075" data-init-width="1910" data-init-height="1018" title="Power BI Report" loading="lazy" src="https://cloudhound.uk/wp-content/uploads/2020/08/PowerBIReport.jpg" data-width="1000" data-height="533" data-link-wrap="true" width="1000" height="533" srcset="https://cloudhound.uk/wp-content/uploads/2020/08/PowerBIReport.jpg 1910w, https://cloudhound.uk/wp-content/uploads/2020/08/PowerBIReport-300x160.jpg 300w, https://cloudhound.uk/wp-content/uploads/2020/08/PowerBIReport-1024x546.jpg 1024w, https://cloudhound.uk/wp-content/uploads/2020/08/PowerBIReport-768x409.jpg 768w, https://cloudhound.uk/wp-content/uploads/2020/08/PowerBIReport-1536x819.jpg 1536w" sizes="auto, (max-width: 1000px) 100vw, 1000px" /></a></span></div><div class="thrv_wrapper thrv_text_element"><p>Power BI should open with the table populated. If you do not see the table. On the left hand of the screen you should see three icons. Click the table icon see below.&nbsp;</p></div><div class="thrv_wrapper tve_image_caption" data-css="tve-u-1741657723c"><span class="tve_image_frame"><a href="https://cloudhound.uk/wp-content/uploads/2020/08/PowerBITable.jpg" target="_blank"><img decoding="async" class="tve_image wp-image-5074" alt="Data Mining" data-id="5074" data-init-width="1912" data-init-height="520" title="Power BI Table" loading="lazy" src="https://cloudhound.uk/wp-content/uploads/2020/08/PowerBITable.jpg" data-width="1000" data-height="272" data-link-wrap="true" width="1000" height="272" srcset="https://cloudhound.uk/wp-content/uploads/2020/08/PowerBITable.jpg 1912w, https://cloudhound.uk/wp-content/uploads/2020/08/PowerBITable-300x82.jpg 300w, https://cloudhound.uk/wp-content/uploads/2020/08/PowerBITable-1024x278.jpg 1024w, https://cloudhound.uk/wp-content/uploads/2020/08/PowerBITable-768x209.jpg 768w, https://cloudhound.uk/wp-content/uploads/2020/08/PowerBITable-1536x418.jpg 1536w" sizes="auto, (max-width: 1000px) 100vw, 1000px" /></a></span></div><div class="thrv_wrapper thrv_text_element"><p>You can now manipulate the data to suit your needs see below.&nbsp;</p></div><div class="thrv_wrapper thrv_text_element"><h3 class="">Conclusion</h3></div><div class="thrv_wrapper thrv_text_element"><p>Power Query offers you a lot of flexibility and for many Power Query is all they will ever need.&nbsp;</p></div><div class="thrv_wrapper thrv-divider" data-style-d="tve_sep-4" data-thickness-d="10" data-color-d="rgb(66, 66, 66)" data-css="tve-u-17416131cfb">
	<hr class="tve_sep tve_sep-4" style="">
</div></div>
</div><div class="tcb_flag" style="display: none"></div>
<span class="tve-leads-two-step-trigger tl-2step-trigger-1534"></span><span class="tve-leads-two-step-trigger tl-2step-trigger-1534"></span><p>The post <a href="https://cloudhound.uk/scraping/">Scaping Web Data Using Power BI</a> appeared first on <a href="https://cloudhound.uk">Cloud Hound</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>What is predictive modelling?</title>
		<link>https://cloudhound.uk/predictive-analytics/</link>
		
		<dc:creator><![CDATA[Christopher Bird]]></dc:creator>
		<pubDate>Fri, 31 Jul 2020 10:39:54 +0000</pubDate>
				<category><![CDATA[Microsoft Power Business Intelligence]]></category>
		<category><![CDATA[cp MS Power BI]]></category>
		<guid isPermaLink="false">https://cloudhound.uk/?p=4786</guid>

					<description><![CDATA[<p>Predictive analytics, is a mathematical process that seeks to predict future events and or outcomes by analysing patterns that are likely to forecast future results. </p>
<p>The post <a href="https://cloudhound.uk/predictive-analytics/">What is predictive modelling?</a> appeared first on <a href="https://cloudhound.uk">Cloud Hound</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="thrv_wrapper thrv_contentbox_shortcode thrv-content-box tve-elem-default-pad">
	<div class="tve-content-box-background"></div>
	<div class="tve-cb"><div class="thrv_wrapper thrv_text_element"><h2 class="">Predictive modelling seeks to answer the question.&nbsp;</h2></div><div class="thrv_wrapper thrv_text_element">	<p style="text-align: center;">“Based on known past behaviour, what is the most likely thing to happen in the future?</p></div><div class="thrv_wrapper thrv_text_element">	<h3 class="">How is predictive modelling helpful?</h3></div><div class="thrv_wrapper thrv_text_element"><p><span data-offset-key="cak05-0-0"><span data-text="true">Predictive modelling applies statistics to predict outcomes. It is a process that uses data mining and probability to forecast outcomes. </span></span></p><p><span data-offset-key="cak05-0-0"><span data-text="true">Models&nbsp;</span></span><span data-offset-key="cak05-1-0"><span data-text="true">are made</span></span><span data-offset-key="cak05-2-0"><span data-text="true">&nbsp;up of several predictors. </span></span></p><p><span data-offset-key="cak05-2-0"><span data-text="true">These are variables that are likely to influence future events. For example when and where a crime is likely to occur. </span></span></p><p><span data-offset-key="cak05-2-0"><span data-text="true">The BBC Horizon documentary ‘</span></span><a href="https://www.bbc.co.uk/programmes/b01rt4c7" target="_blank" class="" style="outline: none;"><span data-offset-key="cak05-2-0"><span data-text="true">The Age of Big Data</span></span></a><span data-offset-key="cak05-2-0"><span data-text="true">’ is good example. Unfortunately, no longer available on BBC i-player but you can view the program on </span></span><a href="https://vimeo.com/413903921" target="_blank" class="" style="outline: none;"><span data-offset-key="cak05-2-0"><span data-text="true">Vimeo</span></span></a><span data-offset-key="cak05-2-0"><span data-text="true">.&nbsp;</span></span></p></div><div class="thrv_wrapper thrv_text_element"><p><span data-offset-key="1ce5b-0-0"><span data-text="true">Modelling can </span></span><span data-offset-key="1ce5b-1-0"><span data-text="true">be applied</span></span><span data-offset-key="1ce5b-2-0"><span data-text="true">&nbsp;to any type of unknown event, regardless of when it occurred. For example, predictive models are often used to detect crimes and identify suspects. Before the crime has taken place.&nbsp;</span></span></p></div><div class="thrv_wrapper thrv_text_element"><h3 class="">Predictive modelling example applied to marketing.</h3></div><div class="thrv_wrapper thrv_text_element"><p><span data-offset-key="5r4qn-0-0"><span data-text="true">Predictive modelling also called predictive analytics. Analytics </span></span><span data-offset-key="5r4qn-1-0"><span data-text="true">is used by</span></span><span data-offset-key="5r4qn-2-0"><span data-text="true"> marketers to take the trial and error out of their marketing campaigns. Models seek to predict which actions and strategies are more likely to succeed.</span></span></p></div><div class="thrv_wrapper thrv_text_element"><p><span data-offset-key="cok0l-0-0"><span data-text="true">Predictive analytics forecasts outcomes by pairing historical data with analytical algorithms. Businesses use software to track marketing efforts. Such as calls, clicks, web leads and more. The data </span></span><span data-offset-key="cok0l-1-0"><span data-text="true">is collected</span></span><span data-offset-key="cok0l-2-0"><span data-text="true"> and added to the model. </span></span></p></div><div class="thrv_wrapper thrv_text_element"><p>The model seeks to account for various elements of a marketing campaign. Such as demographics time and location. Marketers can adjust different variables. For example when and where they are running their ads. Based on these adjustments the software generates predicted outcomes. Findings allowing marketers to see how campaign changes can impact their marketing outcomes.&nbsp;</p></div><div class="thrv_wrapper thrv_text_element">	<h4 class="">Predictive modelling gives marketers an advantage.</h4></div><div class="thrv_wrapper thrv_text_element"><p><span data-offset-key="bvgcd-0-0"><span data-text="true">By forecasting data driven outcomes exposing blind spots and highlighting potential revenue streams. <em>Marketers can feel&nbsp;</em></span></span><em><span data-offset-key="bvgcd-1-0"><span data-text="true">just</span></span><span data-offset-key="bvgcd-2-0"><span data-text="true"> a little more confident about their latest campaign strategy.</span></span></em></p></div></div>
</div><div class="thrv_wrapper thrv_contentbox_shortcode thrv-content-box" style="" data-css="tve-u-173a465ac4b" data-link-wrap="1" data-ct-name="Tutorial: Icon Box" data-ct="stylebox-8987" data-element-name="Styled Box">
<div class="tve-content-box-background" data-css="tve-u-173a465ac4c" data-tcb_hover_state_parent="true" style=""></div>
<div class="tve-cb tve_empty_dropzone" data-css="tve-u-173a465ac4d"><div class="thrv_wrapper thrv_icon tcb-icon-display tcb-local-vars-root" data-css="tve-u-173a465ac4e" style="" data-style-d="circle_shaded"><svg class="tcb-icon" viewBox="0 0 24 24" data-id="icon-description-duotone" data-name="" style=""><path fill="none" d="M0 0h24v24H0V0z"></path><path opacity=".3" d="M13 4H6v16h12V9h-5V4zm3 14H8v-2h8v2zm0-6v2H8v-2h8z"></path><path d="M8 16h8v2H8zm0-4h8v2H8zm6-10H6c-1.1 0-2 .9-2 2v16c0 1.1.89 2 1.99 2H18c1.1 0 2-.9 2-2V8l-6-6zm4 18H6V4h7v5h5v11z"></path></svg></div><div class="thrv_wrapper thrv_text_element"><h3 class="">Key learning point</h3></div><div class="thrv_wrapper thrv_text_element"><p><span data-offset-key="9g8cp-0-0"><span data-text="true"><strong>Predictive modelling</strong>&nbsp;</span></span><span data-offset-key="9g8cp-1-0"><span data-text="true">is based</span></span><span data-offset-key="9g8cp-2-0"><span data-text="true">&nbsp;upon <strong>historical data</strong>. What happened in the past rarely occurs in the exact same way in the future. <strong>Predictive analytics </strong>is a very powerful tool. But it remains&nbsp;</span></span><span data-offset-key="9g8cp-3-0"><span data-text="true">just</span></span><span data-offset-key="9g8cp-4-0"><span data-text="true">&nbsp;that <strong>a tool</strong>. In other words, there are </span></span><a href="https://www.phrases.org.uk/meanings/silver-bullet.html" target="_blank"><span data-offset-key="9g8cp-4-0"><span data-text="true"><strong>no silver bullet predictors</strong>.&nbsp;</span></span></a></p></div></div>
</div><div class="tcb_flag" style="display: none"></div>
<span class="tve-leads-two-step-trigger tl-2step-trigger-1534"></span><span class="tve-leads-two-step-trigger tl-2step-trigger-1534"></span><p>The post <a href="https://cloudhound.uk/predictive-analytics/">What is predictive modelling?</a> appeared first on <a href="https://cloudhound.uk">Cloud Hound</a>.</p>
]]></content:encoded>
					
		
		
			</item>
	</channel>
</rss>
