Developing an Effective Predictive Business Analytics Capability
April 17-19, 2017
1:00 PM - 3:00 PM Eastern Standard Time
Predictive business analytics is the next competitive edge driving business decisions and actions. Businesses are expected to possess the tools, processes and capabilities to implement and utilize past performance in order to gain forward-looking insight. Organizations are seeking better processes and tools to ensure that the right people have the right information at the right time to make smarter decisions. For years, organizations have sought to develop and deploy an effective process to capture and filter forward-looking measures that enable it to understand significant patterns, relationships and trends in order to facilitate better and more insightful decisions.
By defining the framework and building the business case for developing an effective predictive analytics model, this course promotes clarity and ensures that the application of predictive business analytics is relevant to all financial functions. Explore practical case examples and identify “take away” ideas and actions from leading businesses that have successfully implemented these analytical processes.
- Design and develop an effective predictive business analytics capability with a high-performing team
- Effectively select key performance indicators (KPIs) and ensure their relevance and alignment to strategies and operating plans
- Combine current financial techniques such as budgeting and forecasting
- Improve reporting and analysis process and increase staff productivity