Organizations can significantly increase their revenue by analyzing consumer forecasts using data science and artificial intelligence. However, very few businesses can afford to hire data scientists who have highly specialized training. As a result, they cannot grow as quickly as giants like Google and Amazon.
Pecan AI is trying to bridge this gap with its BI-friendly predictive analytics platform that solves critical business problems and helps drive revenue. In order to develop plans, it helps to have insight into the metrics that matter most to the organization. Pecan’s predictive analytics insights guide customer acquisition and retention strategies, pricing and packaging, resource planning, manufacturing and distribution, and churn and conversion modeling. Pecan completely automates the predictive analytics process and provides actionable forecasts in days rather than months.
Users can use vast amounts of unprocessed transactional data to make precise predictions of crucial parameters that impact revenue and profitability. Pecan’s platform trains and optimizes predictive models to produce findings and insights rapidly. Additionally, it integrates cutting-edge data science methodologies and advancements in data science automation across many predictive use cases.
Pecan believes that every business, including one without data science experts on staff, should be able to implement AI-based predictive analytics. Pecan’s target clients are mid-market and enterprise businesses in the finance, insurance, retail, CPG, mobile apps, and consumer services sectors. Pecan’s annual revenue has increased more than three times in the last year.
The predictive analytics startup has raised more than $100 million. Pecan aims to use the funding to expand into global markets and accelerate the R&D of its predictive platform.
Consultant Intern: Currently in her third year of B.Tech from Indian Institute of Technology(IIT), Goa. She is an ML enthusiast and has a keen interest in Data Science. She is a very good learner and tries to be well versed with the latest developments in Artificial Intelligence.