Prescriptive analytics is a powerful component of a total loss prevention strategy—it can help automate the detection of loss events in your business and drive your team toward making the most of the data available from a wide range of sources. In traditional analytics solutions, your team is focused on bringing together data for the purpose of generating insights.
Insights are essential; they provide decision makers with the understanding necessary to take strategic action and evaluate the standards of the tools they employ within their organizations. By adopting a prescriptive analytics-based approach, you connect your analytics solution with actions in a way that ensures your focus is on outcomes. By connecting your case management and compliance solutions with your analytics solution, it is a simple matter for the products of your prescriptive analytics solution to be measured, allowing you to evaluate and improve all aspects of your analytics solution.