fourpillars_thumbnail

Building smart business on the four pillars of predictive analytics

Building smart business on the four pillars of predictive analytics

Building a successful business in the 21st century demands that your organization harness the power of predictive analytics to drive every campaign, operation, process and decision. The crux of the matter is whether you have confidence in the predictive insights you’ve derived from application of statistical models to your data sets. In the blog post "Decision confidence: Where the predictive chickens come home to roost" from a few years ago, I examined the role of predictive modeling in building confidence in business decisions.

Organizations of every shape and size are using predictive modeling to transform their cultures and disrupt their markets. The technology has been eagerly embraced as core power tools by a new breed of data scientists. They use these tools to sift through big data to find historical trends, chart alternate predictive scenarios, drive real-world experiments, flag potential risks and identify new opportunities. In scoping out key strategic priorities for deployment of predictive analytics, focusing on these four make-or-break considerations is vital: 

Read Also:
Artificial Intelligence Could Help Catch Alzheimer's Early

Taken together, these strategic imperatives represent the four pillars of smart, proactive business. Beginning the week of January 25, 2016, the IBM Big Data & Analytics Hub is publishing a series of posts that explore each of these pillars in turn.

 



Data Science Congress 2017

5
Jun
2017
Data Science Congress 2017

20% off with code 7wdata_DSC2017

Read Also:
Teradata (re)embarks on a solutions journey

AI Paris

6
Jun
2017
AI Paris

20% off with code AIP17-7WDATA-20

Read Also:
Location Tracking Growing Up, Brands Looking Beyond Beacons

Chief Data Officer Summit San Francisco

7
Jun
2017
Chief Data Officer Summit San Francisco

$200 off with code DATA200

Read Also:
Why the Best Data Comes With a Good Story

Customer Analytics Innovation Summit Chicago

7
Jun
2017
Customer Analytics Innovation Summit Chicago

$200 off with code DATA200

Read Also:
How HR Departments Can Obtain and Use Big Data

HR & Workforce Analytics Innovation Summit 2017 London

12
Jun
2017
HR & Workforce Analytics Innovation Summit 2017 London

$200 off with code DATA200

Read Also:
Seven Ways To Embrace Data For Business Intelligence
Read Also:
Cryptic Data: Challenges and Rewards in Finding and Using It

Leave a Reply

Your email address will not be published. Required fields are marked *