Could Predictive Analytics Help in Boosting African Economic Growth?
Predictive Analytics has been applied in many industries to increase operational efficiency, optimize production processes, reduce cost in healthcare systems, increase sales by enabling precise market and customer segmentation, and mitigate fraud in financial sector. Economic growth has been significant in some African countries, but in most African countries diverse problems including high-level corruption has brought the economy to stagnation. If predictive analytics in the context of data science/big data has been applied in the fight against fraud, the chances are high that predictive analytics models could be applied to combat corruption and help to resolve many industrial predicaments facing most African countries.
To be continued!
Africa 2017
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