When Big Data Meets Macro Insights: Developing Early Warning Signs Using Advanced Analytics and Economic Intelligence
IDC Analyst Brief
Supply chain agility is a top priority for companies in every industry. The sooner a supply chain knows about an event, the faster it can respond.
Eric Thompson published an IDC analyst brief on utilizing analytics and economic insights to enhance supply chain agility and visibility. Eric is an IDC research director and currently leads the Worldwide Supply Chain Strategies practice, providing fact-based research, analysis, and insight on information technology to assist clients in improving their capabilities in these critical supply chain areas. The report is entitled “When Big Data Meets Macro Insights: Developing Early Warning Signs Using Advanced Analytics and Economic Intelligence.”
This analyst brief explores the idea of predictive analytics — the capability of knowing about an event before it happens and effectively pre-plan. In addition, this paper explores a use case bringing together statistical forecasting and macroeconomic indicators to build predictive intelligence.
The report includes the following:
How predictive analytics can leverage external inputs
The benefits and considerations of incorporating external factors into business planning
Strategies for mitigating supply chain risk
Top areas of focus for the supply chain in the coming years
Download the report to learn more.
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.