A technology known as prescriptive analytics is one that uses analytical methods including descriptive analytics, predictive analytics, and diagnostic analytics to provide likely conclusions for a given circumstance. The introduction of advanced technologies like big data and IoT is one of the key factors anticipated to propel the growth of the Prescriptive Analytics Market during the forecast period. Furthermore, it is expected that the market for prescriptive analytics would develop due to the rising trend of real-time data availability for efficient corporate operations. Additionally, it is anticipated that the timeframe period will see a slowdown in the growth of the prescriptive analytics industry because to the complicated analytical workflow and the dynamic nature of the data.
