Create Predictive Models
OneStream predictive analytics solutions allow you to automatically generate forecasts from over 10 built-in predictive model types. Eliminate reliance on separate systems, spreadsheets or non-finance resources.
Remove Bias
Create predictive models for forecast validation using predictive analytics solutions, seed baseline forecasts and focus on business value.
Increase Collaboration
Share insights and collaborate using reports and visualizations from OneStream predictive analytics solutions. Enhance dialogue with business partners on critical analysis and decision-making.
Satisfied Customers
Delivering 100% Customer Success
“The OneStream platform is now core to McCain Foods Limited – uniting consolidation, planning, tax and analysis teams. OneStream Services’ strong leadership and technical knowledge was instrumental in our successful implementation. Their ability to actively listen to our goals and objectives and interpret during the design phase allowed us to create a system not only to satisfy our immediate needs, but to address our future needs.”
Richard N. Burton
McCain Foods
Predictive Modeling Administration
Target select datasets, define forecast duration and define scenario types.
- Administer predictive models for any data within OneStream Cube Views.
- Create unique forecasts for long range planning, rolling forecast and annual planning.
- Use OneStream predictive analytics solutions to define target forecast scenarios for use within various planning processes.
Automatically Generate and Visualize Forecasts
Unlock the power of OneStream predictive analytics solutions and conquer the complexity of generating predictive models without data science expertise.
- Choose from over 10 built-in forecast methods or automatically generate the highest performing models.
- Model type includes Simple Moving Average, Exponential Smoothing, Seasonal Additive, ARIMA, SARIMA, Holts- Winters.
- Visualize predictive models vs. history for trend analysis.
Deploy Predictive Analytics Across OneStream
Leverage predictive models within OneStream forms, reports and dashboards.
- Assist with the target setting to support strategic planning, budgeting and rolling forecasting.
- Use predictive analytics solutions to create baseline predictive forecast scenarios for comparison against bottom’s up forecasts from operational business partners.
- Seed forecasts and plans with predictive models; enable users to focus plans such as adding or removing customers, plant shutdowns, new acquisitions, etc..
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FAQs About Predictive Analytics Solutions
What is Predictive Analytics and How Does It Work?
Predictive analytics is the use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data. It works by analyzing patterns in past data to build models that can forecast future events, trends, or behaviors.
What are Predictive Analytics Tools?
Predictive analytics tools analyze patterns and predict future outcomes. These tools help businesses forecast trends, identify potential risks, and make data-driven decisions to optimize performance.
How Does Predictive Analytics Software Benefit My Business?
Predictive analytics solutions enable businesses to anticipate future events, streamline operations, keep risks to a minimum, and enhance decision-making by providing data-driven insights and forecasts.
What Types of Data Can Predictive Data Analytics Services Analyze?
Predictive data analytics services can analyze various types of data, including customer behavior, sales trends, financial data, inventory levels, and more.
How accurate is predictive analytics forecasting?
The accuracy of predictive analytics forecasting depends on the quality of the data, the algorithms used, and the consistency of trends. With high-quality data and advanced models, forecasts can be highly reliable.
What Features Should I Look For in a Predictive Analytics Platform?
Can Software For Predictive Analytics Integrate with Existing Systems?
Many predictive analytics solutions integrate with existing CRM, ERP, and data management systems, ensuring smooth data flow and real-time insights.
How Secure are Predictive Analysis Tools?
The best predictive analytics solutions include strong security features, such as encryption, user access control, and compliance with data protection regulations to ensure the safety of your data.
Are Predictive Analytics Services Suitable For All Businesses?
Yes, predictive analytics services can be tailored to businesses of all sizes and industries, providing valuable insights that help optimize operations, sales, and customer experience.
