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Mastering Predictive Analytics: Analyze, Predict, Act
March 28, 2018
In order to have strong predictive analytics, finance teams need to start by shifting their data conversations from data quantity to data quality. The focus on data-driven decision making leads these teams to gather all the data they possibly can without determining if it fits into their strategy.
“We must follow the mantra: analyze, predict, and act. Be careful in your analysis, ensuring that only quality data that matches your purpose is used. Use decision-driven collection, then integrate that data with information from a variety of sources. Look for easy solutions here- openness, flexibility, and an intrinsic ability to work in your systems.”
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