Enhancing Program Management with Predictive Analytics Algorithms (PAAs)
The increase in the amount of big data and the emergence of analytics technologies has created the opportunity for applying algorithm development techniques using machine learning (ML) languages to predict future events. To conduct inclusive analyses of contemporary literature of existing relevant narratives with a focus on program management themes, including state-of-the art methodologies on current plausible predictive analytics models. The methodology used is the review and applications of relevant programming platforms available. Program management requires the utilization of the existing ML languages in understanding future events. Enabling decision makers to make strategic - goals, objectives, and missions. The use of PAAs has gained thematic significance in automotive industries, energy sector, financial organizations, industrial operations, medical services, governments, and more. PAAs are important in promoting the management of future events such as workflow or operational activities in a way that institutions can schedule their activities in order to optimize performance. It enables organizations to use existing big data to predict future performance and mitigate risks. The improvements in information technology and data analytics procedures have resulted in the ability of businesses to make effective use of historical data in making predictions. This enables evidence-based planning, mitigating risks, and optimizing production.