Predictive Analytics allows you to anticipate the future and make business decisions based on your current or historical data. It offers a variety of applications specific to a wide range of business sectors. Credit scoring can be applied to assess the likelihood of clients repaying loans. Sales forecasting is used to assess the demand for a product, while anomaly detection helps to identify risks and unexpected events with the use of data mining techniques. With the aid of predictive analytics, you can reduce risks while simultaneously improving business operations.