Let algorithms make real-time decisions for your company

algorithms

Operational analytics  not only predict what the next best action is, but also cause the action to happen without human intervention.

In the future, just having predictive models that suggest what might be done won’t be enough to stay ahead of the competition. Instead, smart organizations are driving analytics to an even deeper level within business processes—to make real-time operational decisions, on a daily basis.

 

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The future of shopping may be no shopping at all

future of shopping

Harvard Law professor Cass Sustein found in his survey on “predictive shopping,” 41% of people would “enroll in a program in which the seller sent you books that it knew you would purchase, and billed your credit card.” That number went down to 29% if the company didn’t ask for your consent first.

 

 

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Predictive technology gets smarter but more controversial

predictive-tech

How much personal data are we willing to give up for the convenience of prediction?

The biggest change in years in how we interact with computers is happening now. It will mean less input from you. Apps like Google Now, Tempo AI, and others represent the first wave of “predictive technology.” These are apps and services that are smart enough to fetch information for you — before you realize you even need it.

 

 

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Wharton School and startup Evolv use big data to predict when you will quit your job

“These models will predict your likelihood of separating from your employer based on everything we know about you and the position.”

You did everything by the book when you went in for that job interview. But, after going through all the effort, would you feel slighted if the interviewer made the ultimate decision about whether or not to hire you based on an algorithm?

 

 

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