Relationships Between Changing Processes for Enterprise Prescriptive Systems - Dr. Vikas

Описание: It is too tedious to keep on asking questions, seek explanations or set thresholds for trends or anomalies. Why not find problems before they happen, find explanations for the glitches and suggest shortest paths to fixing them? Businesses are always changing along with their competitive environment and processes. No static model can handle that. Using dynamic models that find time-delayed interactions between multiple time series, we need to make proactive forecasts of anomalous trends of risks and opportunities in operations, sales, revenue and personnel, based on multiple factors influencing each other over time. We need to know how to set what is 'normal' and determine when the business processes from six months ago do not apply any more, or only applies to 35% of the cases today, while explaining the causes of risk and sources of opportunity, their relative directions and magnitude, in the context of the decision-making and transactional applications, using state-of-the-art techniques.

Real world processes and businesses keeps changing, with one moving part changing another over time. Can we capture these changing relationships? Can we use multiple variables to find risks on key interesting ones? We will take a fun journey culminating in the most recent developments in the field. What methods work well and which break? What can we use in practice?

For instance, we can show a CEO that they would miss their revenue target by over 6% for the quarter, and tell us why i.e. in what ways has their business changed over the last year. Then we provide the prioritized ordered lists of quickest, cheapest and least risky paths to help turn them over the tide, with estimates of relative costs and expected probability of success.

More details: https://confengine.com/odsc-india-201...

Conference Link: https://india.odsc.com