Final Stage of the Predictive Lifecycle
ERIN Protect- Early Warning System for Prediction Shifts
ERIN Protect is a unique and critical innovation in predictive AI, that fully automates model health monitoring, alerting business owners of unplanned change in future outcomes. ERIN Protect provides both leadership and demand planners with early warnings about market shifts, long before competitors, providing timely alerts of new risk and opportunity.
ERIN Protect Overview
Rationale for Leveraging a Prediction Monitoring System
Continual model health checking is critical for predictive AI
Health checks occur periodically and whenever underlying data changes
Alerts are triggered when health drops 5% (yellow) and 15% (red)
Comprehensive individual model analytics show root causes
Correlation engine able to identify specific drivers and lead/lag indicators related to either a corporate business or market segment
Econometrics-based machine learning engine designed to create, score, test & refine predictive models, and generate forecasts
Vary planning assumptions and project future business outcomes for 3 plausible macroeconomic scenarios: pessimistic, baseline and optimistic
Automated monitoring of forecast models predictive health, providing an early warning system with alerts when prediction changes
ERIN Protect – Monitor for Changes in Performance Prediction
Add automated protection to planning activities – monitor external factors and alert the business when unplanned market changes and shifts occurs. 2 examples of yellow alerts and 2 red alerts above. Both merit attention to why prediction has changed – whether due to internal or external contributing data changes. Click for a larger version.