Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    big data analytics in transporation
    Turning Data Into Decisions: How Analytics Improves Transportation Strategy
    3 Min Read
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: A predictive enterprise
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Analytics > Predictive Analytics > A predictive enterprise
Predictive Analytics

A predictive enterprise

JamesTaylor
JamesTaylor
3 Min Read
SHARE

Copyright © 2009 http://jtonedm.com James Taylor

Syndicated from ebizQ

I was reading an old SPSS presentation the other day and found a great definition of a Predictive Enterprise:

A predictive enterprise:

More Read

“The Open Cloud Consortium (OCC): supports the development of standards for cloud computing and…”
First Look – KXEN
Is Analytics “Different”?: 2 Lessons in Sales from The Mayflower Madam
Anderson Analytics Hockey Team
Is Predictive Analytics Revealing Unexplored eCommerce Niches?
  • Derives maximum value from its data assets
  • Understands its business by gaining deep insight
  • Leverages advanced analytics to predict outcomes
  • Turns this knowledge into action to optimize decision making across all areas of its operations

I like this definition for several reasons. First, I like the focus on using analytics to maximize the value of data assets. Secondly I like the way it focuses on analytics to predict outcomes. And finally I like the focus on operationalizing this knowledge.

Decision Management, with its focus on getting more value from data using analytics and its focus on putting those analytics to work using business rules, is the best way to create a predictive enterprise. Using business rules in this way also means that the optimized decisions you are making are transparent and easy to change, agile, thanks to the engagement of business users that business rules make possible.

For 2010, you should be striving to become …

Copyright © 2009 http://jtonedm.com James Taylor

Syndicated from ebizQ

I was reading an old SPSS presentation the other day and found a great definition of a Predictive Enterprise:

A predictive enterprise:

  • Derives maximum value from its data assets
  • Understands its business by gaining deep insight
  • Leverages advanced analytics to predict outcomes
  • Turns this knowledge into action to optimize decision making across all areas of its operations

I like this definition for several reasons. First, I like the focus on using analytics to maximize the value of data assets. Secondly I like the way it focuses on analytics to predict outcomes. And finally I like the focus on operationalizing this knowledge.

Decision Management, with its focus on getting more value from data using analytics and its focus on putting those analytics to work using business rules, is the best way to create a predictive enterprise. Using business rules in this way also means that the optimized decisions you are making are transparent and easy to change, agile, thanks to the engagement of business users that business rules make possible.

For 2010, you should be striving to become a predictive enterprise. Are you?

Happy Holidays


Link to original post

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

ai for building crypto banks
Building Your Own Crypto Bank with AI
Blockchain Exclusive
julia taubitz vn5s g5spky unsplash
Benefits of AI in Nursing Education Amid Medicaid Cuts
Artificial Intelligence Exclusive News
AI role in medical industry
The Role Of AI In Transforming Medical Manufacturing
Artificial Intelligence Exclusive
b2b sales
Unseen Barriers: Identifying Bottlenecks In B2B Sales
Business Rules Exclusive Infographic

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

PAW Analyzing and predicting user satisfaction with sponsored search

5 Min Read

New Rexer Analytics survey

4 Min Read

Behavioral Targeting in Online Advertising

4 Min Read

Predicting the next Viral Tweet

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?