“Big Data” is a hot buzz phrase, but there’s a much longer history of analytics that has built the foundation to provide today’s Big Data.
FICO, a predictive analytics and decision management software company, just published an analytics infographic from FICO Labs that shows how a “big bang” effect in predictive analytics is changing modern life.
The information presented traces important events in analytics over the past 70 years.
“Predictive analytics is becoming the defining technology of the early 21st century,” said Dr. Andrew Jennings, FICO’s chief analytics officer and head of FICO Labs. “You can trace the evolution over the past few decades, but we’ve now reached a tipping point where the convergence of Big Data, cloud computing and analytic technology is leading to massive innovation and market disruption. We foresee predictive analytics being used to solve previously unsolvable problems, and bringing enormous value to businesses, governments and people.”
Want to learn more? Check out the infographic below.