Applications of Predictive Analytics

The following are some examples of how predictive analytics can be applied in financial services, retail and manufacturing.  This list is not comprehensive, but it provides some interesting applications. In the financial services the cost of making the right decisions...

When to Apply Predictive Analytics

We love predictive analytics and if we are not careful, it is easy to start reducing everything into predictive models. I have even caught Tadd standing at the window collecting primary data on the smoking habits of the people in our building. To make sure that CAN...

Dashboard Design: Design for Parallel Processing

The value of dashboards and visualizations are that they allow users to shift from serial to parallel processing.  When reading a block of text you can only process the information serially by starting at the top left of the text and finishing the bottom right....

Three Types of Dashboards

A dashboard is a single display that in a glance provides essential information for a specific objective. Since you are limited to a single display capable of being monitored at a glance, the first step of dashboard design is to select the purpose of your dashboard....

Gain Support for Predictive Analytics

The decisions you make in business may never be perfectly right, but, you can strive to become less wrong.  Predictive analytics provides decision makers with a system to continually improve decision-making, while eliminating some of the inefficiencies of...