Traditional business intelligence (BI) solutions are highly effective for quantifying and comparing historical data to show what has happened in the past. However, decision-makers need predictive analytics to quickly and accurately predict future events, behaviors, and conditions.
Forecasting (Predictive Analysis) is a discipline of analytics that provides the foundation for planning various processes throughout organizations, such as demand and inventory planning, budgeting, sales quotas, marketing campaigns and procurement activities. Timely and accurate forecasts can lead to better decisions based on sound predictions of the future. Forecasting has proven beneficial for all types of industries and business functions. The value of predictive analytics is substantial and can be measured in terms of:
- Competitive advantage
- Significant cost savings
- Greater revenues
With BI Consulting Group’s Business Intelligence forecasting and predictive analysis solutions, you can meet the needs of your organization and use simple, intuitive tools to accurately plan, forecast and predict your business success. The BI Consulting Group’s applications are simple to use, practical to implement and affordable for every organization. We provide simple solutions that are easy to use and require minimal user training.
BI Consultant Group’s Predictive analytics helps organizations look forward and make educated decisions that anticipate the future needs of customers. We combine known information about customers, sales, operations, or finances, with critical insight that helps solve problems, achieve business objectives, and uncover hidden patterns not easily identifiable through reports or dashboards. The combined knowledge is used to take actions that can improve business.
If you need a rich, intuitive business intelligence environment, coupled with robust forecasting and predictive analysis tools, we encourage you to contact us today to discuss your unique requirements.