CIOs Need Predictive Analytics to Excel

By Dennis McCafferty  |  Posted 02-06-2014 Email

 CIOs must turn to predictive analytics to help their organizations navigate the swift pace of business changes, according to a new research report from Gartner. The report, "Predicts 2014: Business Process Reinvention Is Vital to Digital Business Transformation," compiles information and findings from a cross section of Gartner's highly followed surveys, reports and presentations. Gartner concludes that technologies depending solely upon historical measures are quite literally a thing of the past, and that solutions which effectively use predictive metrics or leading indicators will ensure a competitive edge. Business leaders who do not "apply predictive metrics to cross-boundary business processes will leave their organizations vulnerable to the risk of failing to execute their business strategies," says Samantha Searle, research analyst at Gartner. "This is because they are unable to anticipate how well critical processes are driving strategic business outcomes, and therefore are unable to make well-informed decisions and intervene when process performance has plummeted below acceptable levels … This ability will be crucial in determining the organizations who survive the shift towards a digital world and those who will be left behind." For more about the report, click here.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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