Prescriptive Analytics

Prescriptive analytics is touted as being a form of ‘uber-analytics’ – the final frontier. It can loosely be defined as a workflow that takes a business from data to insight, to hypothesis, to action. Well, what the hell does all that mean? In a nutshell it means prescriptive analytics not…

Optimization of operational activities has traditionally been a complex and lengthy exercise. This hasn’t deterred many large businesses from using optimization methods and technologies since the payback is nearly always substantial, and in some large corporations the return has often been measured in the hundreds of millions of dollars, and…

Prescriptive Analytics – Business Efficiency Redefined. The central problem for most businesses is this: how to best use a limited set of resources, given various constraints, so that some measure of performance (profit usually) is maximized. The resources of a retail business for example, will include shelf space, staff, warehousing…