Understanding and Applying Predictive Analytics

Executive Summary This article proposes looking at Predictive Analytics from a conceptual standpoint before jumping into the technological execution considerations. For the implementation aspect, organizations need to assess the following keeping in mind the contextual variances: Strategies Tactics Operations Top Down Bottom Up Hybrid Organizational Maturity Change Management Training Practical Implications Pros and Cons of […]

5 Questions to Ask About Prescriptive Analytics

Prescriptive Analytics is used for performance optimization. This optimization is accomplished by using a variety of statistical and analytical techniques to identify the decisions that need to be taken in order to achieve the desired outcomes. The data sources used for the determination of outcomes can range from structured data (e.g., numbers, price points etc.), […]

5 Questions to Ask About Predictive Analytics

Predictive Analytics is a branch of data mining that uses a variety of statistical and analytical techniques to develop models that help predict future events and/or behaviors. It helps find patterns in recruitment, hiring, sales, customer attrition, optimization, business models, crime prevention and supply chain management to name a few. As we move to self-learning […]