Predictive Analytics

Predictive Analytics are statistical forecasts and financial models that when combined answer the question “What's best?”.   Once again, the foundation is Event Intelligence, the link between causes and effects.  The goal is to predict outcomes associated with events, based on user-assigned constraints.

eiVia has a number of statistical forecasting tools built into our software and we work with a growing number of business partners that are developing industry-specific Predictive Analytics.  eiVia provides a means of encapsulating Predictive Analytics and linking them to eiVia's Online spreadsheet.  In this way, sophisticated Predictive Analytics are invoked in much the same way that a user interacts with any other spreadsheet-based formula.  For example, users simply enter required values into spreadsheet cells to model different scenarios.  Predictive Analytics take “What if?” modeling to another level.

eiVia can also run Predictive Analytics as a scheduled background process.  In this case the results of these models are presented in online spreadsheet cells. Where they can be used to easily extend analysis.

eiVia employs Predictive Analytics to drive event-centric Sales and Operational Planning, especially in situations where events are changing daily and the organization's management demands greater performance visibility.    This requires the alignment of reporting, analysis and planning business processes with the workflows that are unique to each enterprise.   In fact, Collaboration is an important part of answering to the question, “What's best?” 

Providing Predictive Analytics is the final piece in the delivering of Actionable Business Intelligence.