Predictive Analytics in Network Monitoring

Predictive analytics is a form of advanced analytics that can predict something that will happen such as estimating behavior, activities, and trends using historical data or new data. According to Margaret Rouse, the techniques applied to predictive analytics are statistical analysis techniques, statistical queries, and machine learning algorithms on data sets to create predictive models that place numerical values ​​or scores on the likelihood of a particular event occurring. In several previous articles, it has been explained that predictive analytics is one of the technologies that will benefit from the entry of 5G technology in the future. This article will explain predictive analytics and its relationship to the world of network monitoring. But before that, why is predictive analytics important? In general, here are 3 uses of predictive analytics that you must know.

1. Reducing Risk
   This first use is that predictive analytics can reduce risk. What is meant by risk here is a credit score which is a number generated by a predictive model that combines all data relevant to a person’s creditworthiness. The most famous example of this analytical perspective is the credit score used to assess the likelihood of a buyer’s default to make a purchase.
2. Can Detect Threats
   The next use is that predictive analytics can detect threats. This means that predictive analytics can protect you from cybersecurity. When security threats are your main concern, high-performance behavioral analytics examines all actions on the real-time network to find anomalies that could indicate fraud or threats.
3. Improve Operations
   Last but not least, predictive analytics can improve operations. This predictive model is commonly used by many companies to estimate inventory and manage resources. In general, predictive analytics allows organizations to function more efficiently.

Some industries that use predictive analytics include banking and financial services, health insurance and not to mention network monitoring tools such as NetMonk. As we already know, a network monitoring tool is a tool used to monitor networks or network devices in companies that have branches such as banks and others. Of course, there are many network monitoring tools offered by several vendors both from within and outside the country. Each also has its advantages and disadvantages such as the features it has, the price, and the services provided. Like one of the superior features of NetMonk, an Indonesian network monitoring application, namely predictive analytics. Historical data is collected over a certain period of time, then it will be automatically analyzed which is used to predict future network usage.

So for those of you who have small, medium, to enterprise companies who are interested in trying network monitoring, there’s nothing wrong with trying NetMonk, a network monitoring application and network monitoring services, because it has several features and services that can provide monitoring solutions for your company. For those of you who want to demo our products, please visit this link. Then if you are interested and want to start for PoC, please contact our marketing team here who are ready to help you 100%.

References:

https://www.searchbusinessanalytics.techtarget.com/definition/predictive-analytics

https://www.sas.com/en_us/insights/analytics/predictive-analytics.hml