The goal of predictive analytics is to combine past and current data to obtain actionable insights. Data-driven decision making has been proven time and time again as the best way ahead for any business, regardless of the sector. We wanted to know how ready the nation’s largest Financial, Healthcare, and Retail organizations are for an […]
During our recent industry survey of 50 of the nation’s best funded institutions, we discovered that even industry-leading organizations aren’t maximizing their data science capabilities when it comes to evaluating the impact of business decisions to the bottom line. Among top retail, banking, and healthcare organizations, we uncovered that: In addition to Fulcrum Analytics providing
In today’s business environment, companies are increasingly using advanced analytics to drive actions that are backed by data. The changes in outcomes attributable to such actions are measured to calculate ROI and guide subsequent decisions. As such, almost every data science team within large healthcare, retail, and financial service organizations provides its team with business
Shocking Data Science Gaps in Industry-Leading Organizations Read More »
When it comes to evaluating the impact of business decisions to the bottom line, there are a few common steps every analysis requires: Often, this series of steps is easier said than done. Some organizations may be set up to get through one or more of these steps with ease but have challenges with other
One thing we’ve all learned in the last year is how to work without our colleagues being steps away. When it comes to data analysis, and specifically to measuring the impact of changes to the business, the physical distance between staff requires granting more trust and latitude down the organization, but this also introduces risks.
How to Manage Your Team’s WFH Data Analysis Gap Read More »
When the time comes to measure the impact of innovative business interventions, timely results are critical to ensure effective business decision making. Depending on whether there is a reusable process in place, this type of analysis can prove to be very customized, complex and time consuming. Fulcrum Analytics, trusted by leading financial services, retail, and healthcare companies
How to Improve Repeatability and Consistency Among Business Intervention Analyses Read More »
If your organization is like most, you have to balance meeting customer expectations for delivering high quality products or services with the hard reality of needing to keep costs in line to maintain profitability. Often, organizations will implement “interventions” aimed to improve business, such as to reduce costs, increase revenue, or retain customers. But since
A System For Evaluating Business Program Improvement Read More »
It can be challenging for managers to measure the financial effects of various changes they’ve made to their enterprise. Interventions such as marketing campaigns, human and physical capital expenditures, changes to business processes, new product introductions, and outlet openings or closures all require rigorous assessment of the effects to the bottom line as justification for
Leveraging Matched Control Groups to Accurately Measure Business Experiments Read More »