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Evidence of Predictive Analytics
In the early 2000s, there were developments in credit risk scoring, predictive policing, and big data mining for risk analytics. Big industry players promoted the use of big data analytics, but there were many failures in implementation. Some agencies dropped the tools while others built internal capacity. Most systems were developed from the early 2010s onwards, with increased usage in recent years. Predictive analytics is now used in most countries to assess risk and welfare.