Download our new report to learn how economic and external data can be leveraged to deliver a new layer of insight on business
IDC Analyst Brief on Leveraging External Intelligence
Leveraging Macroeconomic and External Data for Better Forecasting
With ever-increasing industry volatility and market uncertainty, organizations must create plans that include not only their own historical performance but that also incorporate the specific external factors that impact their lines of business.
Organizations are part of a global network of entities, and they must understand the impact of a plethora of external factors such as geopolitical changes, macroeconomic factors, supply chain shifts, weather events, government policy, and consumer behavior, just to name a few.
Agile enterprises must think outside the proverbial box (their four walls), where they can access value-added insight that is now available using external data and AI based predictive modeling. There are new external-intelligence-as-a-service providers that invest a great deal of resources in building data and prediction solutions that can be easily leveraged by organizational decision makers.
This IDC paper, sponsored by Prevedere, examines:
Why organizations need to leverage external data + economic intelligence
How economic and external data can be leveraged to deliver a new layer of insight
The importance of external intelligence providers that deliver turnkey solutions
How businesses are more holistically and effectively able to predict future outcomes
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.