PREDICTIVE Analytics
For
Leadership

Outcome Based Analytics

Most companies don’t lack data; it resides everywhere. You can find it in transactional databases, equipment log files, images, video, sensors, literally everywhere. Predictive analytics for leadership, or outcome based analytics, creates the insights leaders need to think more strategically. Data41 helps companies take their data analytics to the next level by answering important questions like:

WHY DO CUSTOMERS BEHAVE THE WAY THEY DO?

IS THE PRICE POINT CHANGING IN CERTAIN MARKETS?

IF I ADD MORE PEOPLE, WILL PRODUCTIVITY INCREASE?

WHAT WILL HAPPEN NEXT?

IS THERE A WAY TO DECREASE CUSTOMER CHURN?

WILL AN ENGINEERING CHANGE REDUCE MAINTENANCE?

Predictive Analytics For Leadership

Most leadership teams are unprepared to deal with linear and nonlinear regression, neural networks, support vector machines, decision trees, etc. Arming companies with predictive analytics for leadership requires knowledgeable assistance. Data41 empowers leadership, business users, engineers, and data scientists to access, process, and visualize essential data, evaluate outcome based analytics, and make fast, intelligent decisions.

AGGREGATE

Bring data stored throughout your organization in legacy systems and in different formats together.

MODEL

Scrub data to produce high-quality, consistent, structured data for running business applications, forecasting, and for use and analysis by business managers in planning.

REPORT

Use data from business process execution to visualize work-in-process and work completed in real-time to provide the necessary information for sound decision making.

PREDICT

Use AI & ML to quantify business difficulties in the context of your data, predict customer behavior and outcomes, and drive decisions and create better business strategies.

outcome based analytics USE CASES

Innovative companies are investing in predictive analytics for leadership to refine and drive better business strategies. Highlighted below are just a few of the potential applications for AI and outcome based analytics across several major industries.

BANKING

Assess market risk, detect fraud, accelerate loan approvals and other processes, enhance customer service, improve security, and reduce costs.

RETAIL

Boost cross- and up-selling, improve the accuracy of demand forecasting, and optimize inventory management.

INSURANCE

Detect fraudulent claims, optimize quotes and premiums by assessing risks better, and assess climate risks more effectively.

FOOD

Automate data collection, predict and warn of potential health outbreaks, and improve collaboration with complementary companies.

ENERGY & UTILITIES

Manage vast networks of physical assets, forecast production, and demand patterns, predict outages before they happen, and plan for supply and demand fluctuations.

HEALTHCARE

Monitor data from ECGs and other medical devices, predict patient needs by analyzing patient data in real-time and accelerate research.

GOVERNMENT

Detect benefit fraud, predict usage patterns for public services, and optimize waste management and traffic flows

TRANSPORTATION

Optimize route planning, predict vehicle maintenance needs, and optimize supply chain operations.

MANUFACTURING

Keep production lines running efficiently, improve product quality, and optimize warehouse management and logistics.

EDUCATION

Predict student achievement and retention, identify students needing more support, and improve donor relationships.

THE DATA41 ADVANTAGE

Whether you need a one-time consolidation or a lasting solution, our data expertise and partner’s software enable Data41 to take on your largest data aggregation and consolidation challenges.

RICHER DATA

Data41 connects all your data sources and extracts the data required data into a single, accurate source to support your data analytics.

OUTSTANDING SECURITY

Data41 supports industry standard encryption and security policies while fully complying with the General Data Protection Regulation (GDPR).

IMPLEMENTATION EXPERTISE

Data41’s teams of architects, designers, and developers have decades of experience, and our methodology, architecture, and outcome-based approach streamlines our implementations.

RESPONSIVE SUPPORT

Data41’s team of specialists delivers your organization’s expertise to maintain analytical applications at economical rates, freeing your team to focus on more strategic initiatives.

Outcome-Based Analytics Benefits

Outcome-based analytics uses past and current datasets to forecast and produce insights. This helps companies identify risks and uncover opportunities to better achieve goals through actionable insights.

GAIN DEEPER INSIGHTS

INDENTIFY PATTERNS & TRENDS

PREDICT FUTURE BEHAVIOUR

UNDERSTAND CUSTOMERS BETTER

DRIVE STRATEGIC DECISION MAKING

MAKE SMARTER BUSINESS DECISIONS

BOOST PRODUCTIVITY

PREDICTIVE MODELING
FAQS

Predictive modeling is the use of data to identify trends and patterns and forecast future events and drive more intelligent decision-making.

Examples of predictive modeling include sales and budget forecasting, identifying patterns for fraud and waste, and spotting production inefficiencies.

There are four types of modeling or analytics that businesses use to drive their decision making; diagnostic analytics, which tells us why something happened, descriptive analytics, which reveals what has already happened; predictive analytics, which illustrates what could happen; and finally, prescriptive analytics, which shows us what should happen.

According to the Statistical Analysis System Institute (SAS), predictive analytics models use big data, statistical algorithms, and machine learning techniques to predict the probability of future outcomes and trends based on historical data.