The Power of External Predictive Planning
A new paradigm for a volatile and rapidly changing world
For business leaders in today’s dynamic landscape, the capacity to swiftly respond to changes that impact their business is paramount for maintaining a competitive edge. Yet, amidst this agility, the question remains: wouldn’t it be better to anticipate and prepare for these changes in advance?
Many companies today are planning with a substantial blind spot, lacking a comprehensive understanding of the external factors that will impact their business or industry and how these impacts will manifest.
What if an organization could receive advance warning of external factors and changing market conditions before they materialize?
External Predictive Planning (EPP) addresses this blind spot by providing advanced awareness so businesses can proactively plan for changes, rather than simply react.
The fundamental objective of External Predictive Planning is to provide forewarning so businesses can seize market opportunities and mitigate risks and miscalculations to achieve business success.
This guide to EPP explores:
- The evolution of business planning and the need for EPP
- Key elements of EPP, including the integration of external data, predictive econometric modeling, and automated prediction monitoring and alerting
- How EPP can add a layer of foresight and confidence to Connected Planning methods
- Practical, real-world use cases for implementing EPP and driving actionable insights
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About Prevedere, Inc.
Prevedere is the world’s leading provider of predictive analytics technology and solutions based on econometric modeling, enabling intelligent enterprises to understand and quantify the impact of external factors as part of their strategic planning and forecasting. Our global data repository and patented AI platform enable financial executives and operational planners to identify market drivers, quantify the future impact of economic volatility, generate performance forecasts, and optimize plans based on market foresight.
Prevedere’s automated AI model monitoring provides an early warning system when unplanned market shifts and anomalies are predicted, enabling planners to future proof business performance. Many of the world’s leading consumer packaged goods, retail, logistics, and manufacturing companies leverage Prevedere to generate economic intelligence, spot market opportunities, mitigate risks, and deliver exclusive competitive advantage.