In today’s volatile and uncertain world, being able to react quickly to changes is critical to creating a competitive advantage. However, wouldn’t it be better to anticipate changes and plan for them before they arise? What if an organization could be forewarned of external factors and changing market conditions in advance of these materializing? Most companies today are planning with a significant blind spot, both in terms of understanding what external factors will impact their business or industry, and in what ways the impact will be manifested. Advanced Predictive Planning addresses this blind spot by providing advanced awareness so businesses can proactively plan for changes, rather than simply react.
The fundamental objective of Advanced Predictive Planning (APP) is to provide forewarning and enable companies to understand how external conditions will impact different operational aspects of the organization. This guide to APP explores:
- The evolution of business planning and the need for Advanced Predictive Planning
- The key elements that drive APP including, the integration of external data, predictive econometric modeling, and automated prediction monitoring
- How APP can add a layer of foresight and confidence to Connected Planning methods
- Practical, real-world use cases for implementing APP and driving actionable insights
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.