Companies are going from using predictive analytics to prescriptive analytics – they’re collecting data from their customers’ cell phones and other mobile devices to analyze customer profitability
The IMA supports the build-out of XBRL because it allows management accountants to move away from keying data into Excel spreadsheets and move to data analytics – predictive analytics for companies they serve
The emerging field of data science, otherwise known as predictive analytics. Current developments in the field, leading database and analytics software systems, and directions for the future
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As the white paper states: “Competitors able to leverage machine learning to bolster their predictive analytics capabilities will do more, faster, with their data, driving increased supply chain productivity — and competitive advantage… Supply chains responding to changing customer needs in real time effectively transform products into “products-as-a-service” — a new digital business model.”