The Predictive Enterprise changes processes using predictive analytics

A Predictive Enterprise is one that has the tools to control its own destiny.

It may be a school, a hospital, a government agency, or a business enterprise. What Predictive Enterprises have in common is their ability to use data to direct and automate decisions in order to meet goals and achieve results in ways that other organizations can’t.

What kinds of results does a Predictive Enterprise achieve? Depending upon its goals, a Predictive Enterprise might improve patient outcomes…increase tax collections…identify fraud and minimize risk…or grow revenues and profits.

A Predictive Enterprise uses predictive analytics to optimize processes and to leverage the skills and talents of its employees and partners, so it can better identify and meet the needs of valued customers and constituents.

This video illustrates how an organization becomes a Predictive Enterprise. There are five basic steps:

• Understand where you are today by looking at the past and the future
• Put your data to work to gain both insight and foresight
• Plan improvements that affect revenues, costs, and/or other outcomes
• Deploy those improvements
• Measure the results

Are you interested in learning how your organization can become a Predictive Enterprise?

This presentation was originally given at SPSS Directions 2005, the SPSS User's Conference. For information on SPSS Directions, please visit the SPSS Directions web site.

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