Three Obstacles to Predictive Analytics

SimaFore cites three key obstacles that firms confront along the path to predictive analytics:

1. Lack of data maturity
2. Inadequate technology
3. Lack of executive support

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Multi-Monte Carlo Function in ModelRisk 4 Software (Vose)

Companies that are still not competing on analytics are behind the power curve. If any of the three conditions above are constraining predictive analytics at your firm, consider remedies.

Source: SimaFore (2012, February 2), 3 Reasons Why Predictive Analytics May NOT Benefit Your Business.

PS: ModelRisk 4 software is a product of Vose Software BVBA, Ghent, Belgium. Follow the link below to learn more:

ModelRisk 4