Predictive Analytics is the use of mathematical and statistical methods, including artificial intelligence and machine learning, to predict the value or status of something of interest. The benefits of predictive analytics are wide-ranging and potentially game-changing for a company. Predictive analytics powered by AI/machine learning embedded in business processes can drive significant improvements such as reduced costs, increased margins and profitability, better safety and reliability, and lower environmental impact. Predictive analytics is a core function of enterprise AI. The foundational purpose of enterprise AI applications is to serve as “prediction engines,” providing insights to drive actions that improve business operations and performance.