{"id":316,"date":"2022-04-22T07:18:57","date_gmt":"2022-04-22T07:18:57","guid":{"rendered":"https:\/\/www.newevol.io\/resources\/?p=316"},"modified":"2024-06-19T06:43:52","modified_gmt":"2024-06-19T06:43:52","slug":"predictive-analytics-with-data-lake-solutions","status":"publish","type":"post","link":"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/predictive-analytics-with-data-lake-solutions\/","title":{"rendered":"Predictive Analytics with Data Lake\u00a0"},"content":{"rendered":"\n<p>Ever tried finding a needle in the heap? Finding data ingested in the data lake without predictive analytics is a similar exercise. Data lake solutions are designed for storing giant data sets. However, what if you cannot access the data when you need it the most?\u202f&nbsp;<\/p>\n\n\n\n<p>The interesting thing about data is that it delivers maximum value when processed. That is why analyzing data is crucial.\u202f&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor: pointer\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #0a0a0a;color:#0a0a0a\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #0a0a0a;color:#0a0a0a\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/predictive-analytics-with-data-lake-solutions\/#What_is_a_Data_Lake\" title=\"What is a Data Lake?&nbsp;\">What is a Data Lake?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/predictive-analytics-with-data-lake-solutions\/#What_is_Predictive_Analytics%E2%80%AF\" title=\"What is Predictive Analytics?\u202f&nbsp;\">What is Predictive Analytics?\u202f&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/predictive-analytics-with-data-lake-solutions\/#How_Does_Predictive_Analytics_Work_Wonders_for_Data_Lake%E2%80%AF\" title=\"How Does Predictive Analytics Work Wonders for Data Lake?\u202f&nbsp;\">How Does Predictive Analytics Work Wonders for Data Lake?\u202f&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/predictive-analytics-with-data-lake-solutions\/#With_Predictive_Analytics_and_Data_Lake_Companies_can\" title=\"With Predictive Analytics and Data Lake, Companies can:&nbsp;\">With Predictive Analytics and Data Lake, Companies can:&nbsp;<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#065c62\"><span class=\"ez-toc-section\" id=\"What_is_a_Data_Lake\"><\/span><strong>What is a Data Lake?<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before understanding the importance of predictive analytics for a data lake, let&#8217;s quickly review <a href=\"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/what-is-a-data-lake\/\">a comprehensive guide to Data Lake<\/a>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The data lake is a data repository that can host voluminous data using cloud or big data technologies.\u202f&nbsp;<\/li>\n\n\n\n<li>It can store data in any file or format\u2014for example, structured, unstructured and semi-structured.&nbsp;<\/li>\n\n\n\n<li>It can store processed and unprocessed data without pre-processing.\u202f&nbsp;<\/li>\n\n\n\n<li>Users can derive insights from the data lake using predictive analytics, data science, AI and Machine Learning techniques.\u202f&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#065c62\"><span class=\"ez-toc-section\" id=\"What_is_Predictive_Analytics%E2%80%AF\"><\/span><strong>What is Predictive Analytics?\u202f<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em>Predictive analytics<\/em>\u202fis a technique that uses statistics and modeling to make accurate predictions about future trends, outcomes and performance. It uses current and historical data patterns for accurate predictions.\u202f&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Predictive analytics is widely used in sectors like marketing, insurance, meteorology department, gaming, and investment to make informed decisions.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Predictive analytics and machine learning are different techniques though they are confused with one another.<\/li>\n<\/ul>\n\n\n\n<p>Magic happens when predictive analytics is applied to a vast amount of data stored on the data lake platform. Therefore, <a href=\"https:\/\/www.newevol.io\/resources\/blog\/newevols-powerful-combination-of-cybersecurity-data-analytics\/\">data lake provider often offers predictive analytics<\/a> services so that the clients can make the most of the stored data.\u202f&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#065c62\"><span class=\"ez-toc-section\" id=\"How_Does_Predictive_Analytics_Work_Wonders_for_Data_Lake%E2%80%AF\"><\/span><strong>How Does Predictive Analytics Work Wonders for Data Lake?\u202f<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The users surf data to find answers to basic questions such as what, when, where and why. They can get the answers to what and when through predictive analytics.\u202f&nbsp;<\/p>\n\n\n\n<p>For example, what fashion trend will gain momentum in the coming six months? Will XYZ political party\u2019s influence likely to increase or decrease in the coming election? Predictive analytics can provide precise answers to these questions by studying current and historical data patterns.\u202f&nbsp;<\/p>\n\n\n\n<p>Undoubtedly data lake solutions are the most sought-after solutions by marketing professionals. This is because the data helps companies make informed decisions and build robust and targeted marketing strategies to gain market shares.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color\" style=\"color:#065c62\"><span class=\"ez-toc-section\" id=\"With_Predictive_Analytics_and_Data_Lake_Companies_can\"><\/span><strong>With Predictive Analytics and Data Lake, Companies can:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Maintain a record of historical events for reference. Experts use this data to study patterns.&nbsp;<\/li>\n\n\n\n<li>The data can also help companies learn from their mistakes. They can analyze failures and find their root cause. Data lake brings data from disparate devices together. That is why the data lake analysis is reliable and impactful.&nbsp;<\/li>\n\n\n\n<li>Exploiting historical data, predictive analytics can help companies build better business models to achieve desirable results. Granularity and history length are data lake\u2019s biggest strengths. They work the best when the predictive analytics technique is applied.\u202f&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>An enterprise data lake is a highly beneficial technology for organizations that wish to use data to stay ahead of the competition. However, parking massive amounts of data in one place also means a greater security threat. The companies, therefore, should seek data lake security solutions while opting for a data lake. These solutions add layers of security to the stored data and ensure that the data is protected from malware, ransom attacks and cyberthreats.\u202f\u202f&nbsp;<\/p>\n\n\n\n<p>NewEvol has established a firm reputation as an analytics service provider. Its core expertise is data ingestion, correlation, <a href=\"https:\/\/www.newevol.io\/resources\/blog\/analytics\/what-is-cybersecurity-analytics\/\">algorithm-based analytics<\/a>, and data security. To summarize, <a href=\"https:\/\/www.newevol.io\/product\/data-lake-solutions.php\">NewEvol is a one-stop data lake solution<\/a> for data storage and analytics related needs.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ever tried finding a needle in the heap? Finding data ingested in the data lake without predictive analytics is a similar exercise. Data lake solutions are designed for storing giant data sets. However, what if you cannot access the data when you need it the most?\u202f&nbsp; The interesting thing about data is that it delivers&hellip; <a class=\"more-link\" href=\"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/predictive-analytics-with-data-lake-solutions\/\">Continue reading <span class=\"screen-reader-text\">Predictive Analytics with Data Lake\u00a0<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[46,47,51,49,45,48,38,39],"class_list":["post-316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-lake","tag-cybersecurity-platform","tag-data-analytics","tag-data-lake-platform","tag-data-lake-solutions","tag-data-monitoring","tag-newevol-data-lake","tag-security-analytics","tag-security-analytics-platform","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Unlock Insights with Predictive Analytics &amp; Data Lake<\/title>\n<meta name=\"description\" content=\"Leverage the power of predictive analytics &amp; data lake to make informed business decisions that drive growth and success. NewEvol can help you get started.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/predictive-analytics-with-data-lake-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Predicative Analytics with Data Lake | NewEvol\" \/>\n<meta property=\"og:description\" content=\"NewEvol Data Lake Solutions helps companies to analyze all types of data to robust marketing strategies to gain market shares.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/predictive-analytics-with-data-lake-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"NewEvol\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NewEvolPlatform\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-22T07:18:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-19T06:43:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.newevol.io\/resources\/wp-content\/uploads\/2022\/04\/Predictive-analytics-with-Data-Lake-Solutions-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1202\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Krunal Medapara\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Predicative Analytics with Data Lake | NewEvol\" \/>\n<meta name=\"twitter:description\" content=\"NewEvol Data Lake Solutions helps companies to analyze all types of data to robust marketing strategies to gain market shares.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.newevol.io\/resources\/wp-content\/uploads\/2022\/04\/Predictive-analytics-with-Data-Lake-Solutions-scaled.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@krunalpatel17\" \/>\n<meta name=\"twitter:site\" content=\"@NewEvolPlatform\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Krunal Medapara\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/predictive-analytics-with-data-lake-solutions\/\",\"url\":\"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/predictive-analytics-with-data-lake-solutions\/\",\"name\":\"Unlock Insights with Predictive Analytics & Data Lake\",\"isPartOf\":{\"@id\":\"https:\/\/www.newevol.io\/resources\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/predictive-analytics-with-data-lake-solutions\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.newevol.io\/resources\/blog\/data-lake\/predictive-analytics-with-data-lake-solutions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.newevol.io\/resources\/wp-content\/uploads\/2022\/04\/Predictive-analytics-with-Data-Lake-Solutions-scaled.jpg\",\"datePublished\":\"2022-04-22T07:18:57+00:00\",\"dateModified\":\"2024-06-19T06:43:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.newevol.io\/resources\/#\/schema\/person\/7929a2b0ea108d69f18541bb94a98680\"},\"description\":\"Leverage the power of predictive analytics & data lake to make informed business decisions that drive growth and success. 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