Analytics 10
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This article discusses predictive analysis and provides insights for managers. It notes that predictive analysis can provide valuable insights but lacks the ability to analyze future data. Additionally, a lack of good historical data is often the biggest barrier for organizations looking to implement predictive analysis. These insights indicate that collecting quality historical data and understanding current limitations around predicting the future are important considerations for managers seeking to utilize predictive analysis.
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Analytics 10
- 2. LIST THE TWO MOST INFORMATIVE INSIGHTS FROM THIS ARTICLE ?
- 3. NO ONE HAS THE ABILITY TO ANALYZE AND VISUALIZE DATA FROM THE FUTURE
- 4. LACK OF GOOD DATA IS THE MOST COMMON BARRIER TO THE ORGANIZATIONS SEEKING TO EMPLOY PREDICTIVE ANALYSIS
- 5. WHY AND HOW ARE THESE INSIGHTS RELEVANT TO A MANAGER IN INDIA ?
- 6. CUSTOMER LIFETIME VALUE: ANALYTICS TO DETERMINE HOW MUCH A CUSTOMER WILL BUY FROM THE COMPANY OVER TIME
- 7. DISCLAIMER Created by Mohit Rai, NIT Raipur, during a marketing internship by Prof. Sameer Mathur, IIM Lucknow.