Data Insights
Are you data rich but insights poor? Actionable insights are the missing link between data and business value.
ISI’s Data Insights methodology will help your company maximize the power of your data and move you along the data insights maturity curve from descriptive to predictive to prescriptive insights. Descriptive, Predictive and Prescriptive analytics are interrelated solutions that enable companies to leverage the data they collect.
ISI can help you identify and implement the best data insight solution for your company.
Descriptive Insights
“What business decisions and market/operational conditions drove past performance?”
ISI can help companies shed light on this information using descriptive analytics, which analyzes both live and historical data in real-time, providing insights into how to position your business for the future.
ISI has extensive experience implementing reporting ecosystems that determine the key drivers behind previous successes and failures.
Predictive Insights
“What will likely happen in the future based on previous trends and patterns?”
ISI can help companies answer this question using predictive analytics, which is the practice of extracting information from existing data sets in order to determine patterns that assist in predicting future outcomes and trends.
With predictive analytics, ISI can help organizations forecast the likelihood of a future outcomes by using various statistical and machine learning algorithms.
Prescriptive Insights
“What should I do to influence/produce my desired future outcome?”
ISI can answer this question using prescriptive analytics, providing insights into the strategic, tactical and operational steps one can take to influence future outcomes and achieve targeted business metrics.
Using prescriptive analytics, ISI can help companies implement simulation and optimization models that provide insights on the most effective ways to maximize their potential.