All Aboard the Prescriptive Analytics Express
Prescriptive Analytics: Driving The Transportation Industry
One Percent in Efficiency = $1.8 Billion
Real-Time as an Evolving Concept
As our situational descriptive analytics have increased efficiencies and helped fuel a competitive advantage arms race, our data-centric definition of real-time has steadily shortened from weeks, days, and hours to minutes, seconds, and milliseconds. Continuous integration through data streaming displaces batch loading or you get left behind. When a machine that’s playing a part in the symphony of manufacturing goes silent, kicking off a workflow to fix it 15 minutes later is these days about 14 minutes and 59 seconds too late. Action must be taken immediately.
Defining Predictive Analytics
The push toward data-driven decisions requires us to integrate new data faster, know our data better, and compels us to tear down the walls of siloed data.
Understanding the World