What It Is: Predictive analytics is the antithesis of the proverbial “dumb pipe” of data that simply presents a series of performance indicators or variables over time. It goes beyond behavioral analysis to the logic of the big picture. Knowing that 70 percent of a targeted audience likes a product is great, but it doesn’t place those statistics in context, making it relevant for strategy development. That’s where predictive analytics comes in. It makes raw data actionable, linking it to past consumer behaviors as well as current variables that allow the statistician to predict the probability of new or continued behaviors.
More in Media
Why some publishers aren’t ready to monetize generative AI chatbots with ads yet
Monetization of generative AI chatbot experiences is slow going. Some publishing execs said they’re not ready to add advertising to these products until they scale or can build a subscription model first.
Media Briefing: Publishers who bet on events and franchises this year are reaping the rewards
Tentpole events and franchises are helping publishers lock in advertising revenue.
With Firefly Image 3, Adobe aims to integrate more AI tools for various apps
New tools let people make images in seconds, create image backgrounds, replacing parts of an image and use reference images to create with AI.