Category: Education

5 Real-World Applications of Predictive Analytics

Predictive Analytics

Predictive analytics is a branch of advanced analytics. It is the use of historical data to make predictions about future activities, trends and events.  Businesses hire professional predictive analytics that use data mining techniques, machine learning and historical data to find a pattern in the available data.

That pattern can then be used to forecast future opportunities and avoid potential risks.

When you start a business, it doesn’t take off the next day. Microsoft and Apple didn’t become billion-dollar companies overnight. It took years for them to become what they are today.

So, what was their secret? What does it take to successfully grow a business or be a successful entrepreneur?

Well, you need to know your business before you grow it.

“Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway.” Geoffrey Moore.

You need to find answers to questions like: What do my customers want? What is making them happy and what are they willing to spend their bucks on? How frequently are they purchasing? Where are you losing money and what is not working for your company?

You need to work hard and smart at the same time.

Collecting answers to all those questions means gathering a bulk of information. That information is your data and using that data for your benefit is the goal.

That’s where predictive analytics help. It helps you outline a relevant pattern in the collected data and then come up with building models that predict what will most likely happen in the future.

Listed below are few examples of predictive analytics put to the test and how it helps in generating better outcomes.

4 Real World Applications of Predictive Analytics

1. Banking and Finance:

The financial industry always has huge amount of data and money at stake. Predictive analytics helps it reduce fraud, measure credit risks and hence retain important customers. By analyzing past data and trends, it gets easier for developers to model more accurate fraud prevention strategies. It also helps in forecasting sales, revenues and expenses to get a better idea of what the future may bring and make decisions accordingly.

2. Health Care

The healthcare industry is a big implementer of predictive analytics as it helps them save money and improve practices. It helps in analyzing global disease statistics, drug interactions and patients’ diagnostic history to come up with the most advanced care. Furthermore, a clinic can apply predictive analytics on their appointments to identify people who don’t show up or cancel last minute, in order to save time and resources.

Most importantly, health insurance industry is using predictive analytics to detect claims fraud. It helps in detecting and managing the care of chronically ill patients.

3. Marketing

Customers have more choices today than they had before and so they are not limited to any store for their purchases. Hence there is a lot of competition among businesses. Customers attract to a business because of its marketing. Predictive analytics can be applied to marketing, using data an analysis to forecast sale trends at different times of the year and then design campaigns accordingly. It helps in understanding consumer behaviors and what might work best in the future.

Moreover, it also helps marketers identify customers that are most valuable for their company and plan which set of information should be displayed to attract such consumers. It also helps in prioritizing where to focus their ad money based on the value the customers present.

4. Education

Predictive analytics in education studies data to generate better outcomes for students by identifying at-risk individuals, personalizing learning experiences, and optimizing resources. By analyzing patterns in student performance, attendance, and behavior, educators can predict which students are likely to struggle and apply support immediately. Educators who learn analytics can also see benefits for young learners as well. Predictive models help tailor instruction to individual learning styles and paces, enhancing student engagement and achievement.

Schools can also use predictive analytics to allocate resources more efficiently, ensuring that students and teachers have the tools they need for success. Overall, these data-driven insights foster a proactive approach to education, promoting higher retention rates and improved academic performance.

5. Retail

Predictive analytics helps retailers by giving them full control over their business. How exactly? Well, firstly it helps you forecast everything, from sales to potential product shortage. It helps ensure that you always have enough stock for your customers based on your previous sale history or loyalty to brands. Having a track of which products were your best sellers and which didn’t do so well, help in coming up with better plans for the future.

Furthermore, predictive analytics also prepares you for change. If we take Covid-19 as an example, businesses knew that the minute cases will rise again, lockdown will be imposed. Due to their previous data history, they were aware of the losses that may come with another lockdown, so predictive analytics helped them protect their business.

Conclusion

Predictive analytics is bringing a change in how companies used to operate. With time, businesses are slowly recognizing how much benefit predictive analytics can bring them. The market value of predictive analytics software was at 5.29 billion U.S. Dollars in 2020 and it is predicted to grow up to 41.52 billion U.S. Dollars till 2028. Predictive analytics gives companies insights which need to be considered to make safe and successful decisions for the future of the company.

Share This Article

5 Reasons a Charter School Could Be Right For You

Charter School

Charter schools are independently operated public or private schools. Although associated with state-run schools, charter schools are able to tailor their curriculum to suit the various needs of their students. Charter schools fall under state school systems and are further broken up into districts with their own resources and programs on offer.

Charter schools have been around for almost 30 years but have recently gained increased interest over the last few years. With the flexibility and variety available for students, charter schools are quickly becoming sought after so families can tailor their children’s education to suit their lifestyle and not the other way around. For example, California charter schools have a wide variety of program options led by Springs Charter Schools.

From homeschooling to in-person academies, charter schools can meet the needs of any family.  So what exactly does a charter school offer that might be beneficial to you and your children.

Let’s look at 5 reasons why a charter school might be right for you.

Flexibility

This is one of the most important aspects of charter schools; the ability to customize your child’s education and schedule to better suit their interests. If you have a competitive cheerleader in the household that needs to be at practice during the day, traditional schools don’t allow for that kind of itinerary. Charter schools offer online learning options that can be accessed any time of the day. Let’s say your child excels in the arts and is often traveling to be on a movie set or at a theater.

Online learning means they can log on during their downtime or after their day is done. This highly adaptive learning program means that your child can study whenever they want to without sacrificing the quality of their education. That kind of flexibility is priceless.

Quality

With smaller class sizes and more one-on-one time with an instructor, your child will receive a top-rate learning experience. With access to in-person learning centers, students can have weekly check-ins with teachers to make sure they are on track with their educational goals. Students will learn more than just what is in a textbook, charter schools focus on fostering integrity and motivation. These life skills are invaluable when going out into the world.

The Career programs offered also include internship tracks and development towards industry or businesses that students wish to pursue. This kind of hands-on education is unlike any other and prepares students for their dream jobs.

Variety

Education doesn’t have to be the same thing one day after another. Every child is different and so are their needs for education and engagement. In order to keep students interested, having a choice over their classes and programming can help break up the monotony of traditional day-to-day learning. By providing this element of autonomy, students will feel that they are able to shape their education. In order to stay interested and engaged, many students excel with programming that adjusts to their interests and needs.

Support

Smaller more selective classes mean that students see more one-on-one time with their instructors. Charter schools offer a variety of programs that allow for both in-person and online learning and provide the student with access to teachers to help them on their educational journey. Some students are drawn to more independent studying and therefore teachers will be available for weekly touch bases to ensure that the students have everything they need. With Learning Centers, home-schooled students are able to attend in-person classes and workshops and meet other students.

Adaptability

Children who attend more flexible schooling tend to become more independent and adaptive to their surroundings. Charter school programs enable this flexibility for future careers and working environments. As students progress in their education, they may find they want to adjust their scheduling to better suit their needs and with programs like Venture Online or homeschooling support, students can do just that. There is no rigid curriculum in a charter school because that is not reflective of the day-to-day. Students and parents are able to adjust their programming to better accommodate their lifestyles.

Charter schools offer the utmost flexibility for families from all walks of life. Charter Schools aim to bring education to children of all ages with a variety of different needs. Through adaptable programming, support systems and empowerment, students and parents will find the options highly accessible. The traditional school system was not built for everyone.  It is encouraged to find what works best for you and your family. With online and in-person resources, you are sure to discover a program that makes education exciting again.

Read about the top insider tips on what to look for in a prep school.

Share This Article

History of DNA Testing in the Scientific World

History of DNA Testing

DNA (Deoxyribonucleic acid) is the molecule that carries the genetic information in our cells. It’s made up of four chemical building blocks: adenine (A), guanine (G), thymine (T), and cytosine (C).  These building blocks make up what is known as our genetic code.  DNA is made up of two strands – these twisted strands form a double helix that looks like a ladder.

This ladder lets your cells read its genetic code to know how to build proteins – the molecules that do all of your body’s work!

Thanks to the advanced yet cheapest DNA test, we can identify variations to our genes that help us predict the risk of diseases, what future facial features will look like, the likelihood of passing on hereditary disorders, or even if we’re predisposed to any cancer.

Furthermore, based on the above findings, the testing also helps make favorable lifestyle changes to avoid the occurrence of these diseases.

What do you mean by Genetic science?

Genetic science is a scientific study focusing on genes and how they affect our physical characteristics.

It can be used to determine possible diseases or disorders and identify an individual’s ancestry or when a person’s relatives lived.

An important application of genetic science is the DNA test for health, which delves into an individual’s genetic makeup to assess potential health risks and guide personalized wellness strategies. This innovative approach empowers individuals to take proactive steps towards a healthier future based on their unique genetic profile.

In addition, genetic scientists can analyze DNA samples from any organism, including plants and animals. Genetic science has been used to create vaccines for diseases such as polio and measles.

There are two main areas of genetic science. Also known as “human genetics,” it focuses on aspects of human life such as inherited traits, being able to predict the outcome of a pregnancy based on prenatal screening (amniocentesis), and preventing hereditary disease.

The second area, known as “microbial genetics,” is all about how bacteria and other microbes evolve, interact with humans and help us fight illnesses like cancer, among other things.

Discovery of DNA

DNA is the building block of life. It determines all of our physical characteristics, including eye color and height. However, DNA and genetics are relatively new. DNA was discovered in the 1950s but dated back to the 1860s.

Friedrich Miescher, a Swiss pharmacist, discovered the nucleus (later known as a nucleic acid) in white cells or tissues while attempting to confirm the protein element in leukocytes.

Scientists have made several important discoveries about genes, including that they are made of DNA. In addition, in the 1950s and 1960s, scientists began examining the chemical composition of living organisms and uncovered a rich hierarchy of biological molecules, including amino acids, nucleotides, lipids, and carbohydrates.

Scientists also observed that each organism had specific proteins made up of particular combinations of these molecules. The realization that each organism has its protein composition brought them closer to identifying DNA’s function in the cell.

Although many people believed that DNA was involved in genetics, it was not until later that scientists were able to confirm this hypothesis.

It was in 1953 that the double helix structure of DNA was discovered by James Watson and Francis Crick. Their achievement wouldn’t have been possible without the research and photographs of Dr. Rosalind Franklin.

DNA Testing Today

With the latest DNA testing, we can uncover our ancestry. More recently still, scientists can find genetic markers that will influence your sports performance.

Before 1953, scientists thought that genes were made up of DNA, but they didn’t have any evidence to support their claim. In the same year, however, James Watson and Francis Crick published the discovery of DNA’s double helix structure. They also explained how the molecule’s molecular base pairs form the ‘code’ that makes up genes.

They created a DNA structure model using X-ray diffraction data from Maurice Wilkins and Rosalind Franklin. Then, in their publication in Nature in 1953, they explained how this structure could be replicated to create RNA strands from DNA strands so that the genetic code could be used to regulate cell reproduction.

From your simple cheek swab, scientists can deduce your risk of injury and your average recovery time – which means you can pinpoint what food suits you best and perform to the best of your ability.

How did the discovery of DNA in genes occur

To understand how scientists discovered genes were made up of DNA, we need to look back to the early 1900s, when geneticists started characterizing small features within DNA.

Fred Griffiths, a British scientist, worked with mice and pneumonia viruses in 1928. When he was evaluating the pneumonia virus, which is fatal to mice, he discovered that when he used two distinct genotypes, some genetic material got mixed up and killed the mice when it wasn’t meant to. This led him to believe that there was a separate element of DNA that was responsible for these changes, which became known as transduction.

Teaching Resources

Share This Article

Learn These Tricks On How To Work With Very Large Numbers

How To Work With Very Large Numbers

Most people cringe at the thought of having to work with large numbers. It can be daunting and seemingly impossible to get everything correct. However, there are a few tricks that you can use to make the process a little bit easier. This blog post will discuss some of those tricks so that you can feel confident when working with large numbers.

Have a Calculator With You

This may seem like an obvious solution, but it is often overlooked. A calculator can help you keep track of the digits in a large number and ensure that you are adding or subtracting them correctly. If you do not have a calculator handy, you can also use a pencil and paper to keep track of the digits.

There are a few things to remember when using a calculator to work with large numbers. First, you should line the digits up in columns, so it is easy to see which digits go where. This will help you to avoid making any mistakes. Second, you should take your time and double-check your work before moving on. It is better to take a little bit longer and get the answer right than to hurry and make a mistake.

Learn the Units of Measure

Another trick that can be helpful when working with large numbers is to learn the bytes. This will help you understand the magnitude of the numbers you are working with. It gives you the knowledge of huge units such as yottabytes. This is a unit of measurement that equals one septillion bytes. You may need to also learn more about the units after the yottabyte and the sets of bytes. In data storage, such units come into play. It’s because the volumes of the data sometimes are huge.

In addition to understanding the magnitude of the numbers, you should also be familiar with the abbreviations for each unit of measure. For example, the abbreviation for million is “M,” and the acronym for billion is “B.” It helps you quickly identify the size of the number without having it.

Write Down the Problem

It may seem like a no-brainer, but it is essential to do. When working with large numbers, it can be easy to lose track of what you are doing. Writing down the problem can help you keep track of your work and avoid making any mistakes.

When you write down the problem, write it out in full. It means that you should write out all the numbers involved and the operation you are performing (addition, subtraction, multiplication, or division). This will help you keep track of your work and ensure that you are doing the problem correctly.

Draw a Diagram

The third trick is to sketch the data outline. This can be especially helpful when working with multiplication or division problems. Drawing a picture of the problem can help you visualize what you are doing and ensure that you are doing the problem correctly.

When you draw a diagram, be sure to label everything. It includes the numbers involved in the problem and the operation you are performing. This will help you keep track of your work and avoid making mistakes.

Use Place Value

This means you should write out the numbers in groups of three, starting from the right side. For example, if you are working with the number 12345, you would write it as 12,345. It can help you understand what each digit represents and make it easier to do the math.

Round Off the Numbers

This means that you will not be working with the exact number, but you will be close enough that it will not make a difference in the final answer. If you are working with the number 22,345, round it off to 22,000. It will make it easier to do the math and will not change the final answer much.

Depend on Estimation

Learn These Tricks On How To Work With Very Large Numbers

This is where the answer approximation comes first before the actual calculation. For example, if you add two numbers, one of them is 9,876, you can estimate that the answer will be close to 10,000. It helps you check your work and ensure that you are on the right track.

These are just a few tricks that can help you work with large numbers. While they may not seem like much, they can be a big help in making sure that you get the answer right. So, next time you are faced with a large number, remember these tricks and see if they help you get the answer right.

Share This Article