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…

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…

We need analytics to answer questions and discover hidden facts about our businesses. The questions are endless. Why did sales of a certain product spike last quarter? What strategies will reduce customer churn? How can we identify fraudulent activity? Business analytics technologies provide the means to answer many of these…

Enterprise Analytics Enterprise analytics should deliver unambiguous models, avoid duplicated effort, provide ample mechanisms for monitoring model performance and resulting business performance, promote transparency, and support the discovery of opportunities and risks buried in data. We can state fairly categorically that this will not happen unless the analytical environment is integrated.…

What is prescriptive analytics? – in short it is concerned with the optimal use of resources (people, transport, machines etc.) given a set of constraints and a well defined objective. One of the classical use cases is found in logistics – which loads should be batched together, and which routes used…

We analyse data because we need to answer questions. What did sales look like last month? Why was production low in a particular unit? How has the customer base responded to the latest promotion? The questions are endless, and so is the need for business analytics technologies and methods. Fortunately…

[vc_button title=”Download Prescriptive Analytics Guide” target=”_blank” color=”default” href=”http://butleranalytics.com/wp-content/uploads/2014/05/Prescriptive-Analytics-Guide.pdf”] Excerpt: After fifty years of using information technology to increase the efficiency of business processes we are now firmly in the era where technology is also being used to provide us with information. Business intelligence allows us to establish what has happened…

Positioning: FICO offers one of the most extensive and mature suite of products, solutions and expertise for designing, building, deploying and monitoring predictive models, and other types of decision automation. For half a century the company has utilized state-of-the-art technologies and methods to primarily help firms in financial services and…