Predictive analytics is a sophisticated type of statistic that analyzes historical actions and patterns to forecast future events.
FREMONT, CA: Data-driven decision-making is critical in today's environment. The vast majority of modern enterprises use some form of data analytics to optimize their operations, and local governments are following suit.
The most often used data analytics solutions collect historical data from which stakeholders may create plans and make informed decisions. This is the type of data analytics with which most people are familiar—it provides a picture of what has occurred but not of what might happen.
While this type of data analytics is highly beneficial, other solutions go even further: predictive analytics is a more advanced form of metrics that examines past actions and trends and forecasts future consequences. It has a plethora of possible uses for local governments.
From income forecasting to predicting increases in demand for specific services, predictive analytics may assist towns in various ways. The following are some examples of how predictive analytics can be used in municipal government:
Local governments can improve their response to catastrophic calamities by utilizing predictive analytics. For instance, NYC Health + Hospitals employed predictive analytics to forecast the number of additional intensive care units (ICUs) required during the COVID-19 pandemic's surges. Other cities have employed predictive analytics to more effectively target opioid epidemic hotspots.
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Certain cities have created an Early Intervention System (EIS) for their police departments, which uses data to identify which officers are at a high risk of having an unfavorable incident and may require counseling, training, or other intervention.
Predictive analytics is used to forecast when vehicles and transit infrastructure will require maintenance in the transportation business. Municipalities may realize significant cost savings by employing this type of predictive analytics in public transit fleet management.
Whether predictive analytics is used for routine operations such as financial planning or extraordinary circumstances such as emergency management during significant events, it can transform local government operations by illustrating likely outcomes, identifying where needs must be met, and identifying which members of a community require a voice.
