Fusing generative AI and predictive analytics, new platform capability will drive better, more meaningful business outcomes
NEW YORK & TEL AVIV, Israel–(BUSINESS WIRE)–Pecan AI, the leader in AI-based predictive analytics for data analysts and business teams, today announced Predictive GenAI, a unique combination of predictive analytics and generative AI that kickstarts fast, easy predictive modeling. Predictive GenAI marks a new step in the evolution of enterprise AI adoption, where generative AI and predictive AI work together to unlock the value of businesses’ data.
Amidst the growing hype of GenAI in the enterprise, actual adoption is still lagging. Many businesses have yet to unlock a true use case that will drive better customer, employee, and product innovation outcomes. Today, Pecan’s Predictive GenAI creates a significant opportunity for scalable AI-powered business value. Pecan’s Predictive GenAI empowers users to translate business concerns into a new predictive model that can solve the issue faster than ever.
“When used alone, ChatGPT and other similar tools based on large language models can’t solve predictive business needs,” said Zohar Bronfman, CEO and co-founder, Pecan AI. “Our mission has always been to democratize data science, and today, we’ve identified a simple way to marry the power of predictive analytics and GenAI. Pecan’s Predictive GenAI is an industry-first solution that rapidly advances AI adoption, solves real business challenges, and improves outcomes.”
Predictive Chat and Predictive Notebook
Pecan’s Predictive GenAI combines the strengths of large language models with traditional machine learning techniques to make predictive modeling more accessible for business users. With two new power features, Predictive Chat and Predictive Notebook, users can tackle a wide range of predictive modeling questions.
The new Predictive Chat lets users simply say what business challenge they want to solve and collaboratively defines the predictive model to build. Then, Pecan generates a SQL-based Predictive Notebook with all necessary queries and even sample data for creating the business-relevant predictions. The user can then refine the modeling approach before handing the reins to the platform’s automated data prep and model-building capabilities.
At the end of the process, Pecan generates accurate predictions that can help the user take action on their business challenge and improve outcomes. Whatever their specific industry or organizational department, the Predictive Chat can translate users’ business needs into accurate predictive models that provide granular, actionable predictions. For example, they can predict customers’ risk of churning, or the chance a critical piece of manufacturing machinery will malfunction.
“It’s not always easy for businesses to solve challenges with predictive modeling – until now,” said Limor Segev, Senior Vice President of Product, Pecan AI. “We have eliminated the need to learn complex code, invest in expensive hires, or enlist the help of a third party. Predictive GenAI unlocks transformative business capabilities through an entirely new path to building data science models.”
The Predictive GenAI features draw on Pecan’s extensive experience and success with predictive modeling, including teams at Johnson & Johnson, CAA, Ideal Image, and SciPlay.
Data analysts and business professionals can try Pecan, including the Predictive GenAI tools, for free.
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About Pecan AI
Founded in 2018, Pecan is a predictive analytics platform that uses its pioneering Predictive GenAI to make predictive modeling accessible to business teams without requiring data scientists and ML engineers. Guided by generative AI, companies can use the Pecan platform to obtain accurate predictions about a wide range of business questions across industries and departments. Pecan automates data preparation, model building, and deployment in a user-friendly interface. With thousands of models deployed in production, Pecan generates over 30 million daily predictions, impacting billions of dollars in revenue for customers of all sizes in fintech, insurance, retail, consumer packaged goods, mobile apps, and consumer services. Learn more at www.pecan.ai.
Susan Currie Sivek
Sr. Content Marketing Manager, Pecan AI