Big data made clearer: handy infographic explains the fundamentals of predictive analytics

One of the great benefits of the Internet of Things is the opportunity to more easily execute in-depth predictive analytics based on your data. One of the great challenges is understanding just what predictive analytics can mean to your business. If it’s been a while since you sat through a statistics workshop, the Microsoft Business Insights blog has posted a crash course in the form of an easy-to-read infographic.

The infographic surveys the basics of predictive analytics so that you can better understand how to turn your vast information stores into insightful, informed actions. Specific concepts that are explained at a high level include analysis techniques, data modeling and strategies for prediction. It’s all designed to help you clearly differentiate the mass of your data from the critical knowledge contained within it, so that you can make the most of your IoT data to drive business value.