Framing Requirements for Predictive Analytic Projects with Decision Modeling
References updated: December 2, 2016
Organizations are struggling to create a scalable, sustainable operating model for decisions driven by predictive analytics.
In particular, firms need to a) ensure that predictive analytic projects address real business problems, b) engage a broad business audience in defining these problems, c) prioritize projects based on these definitions and d) ensure their analytic efforts deliver solutions to these problems.
Decision modeling, specifically decision modeling using a newly standardized notation, is an approach that explicitly defines the decision that will be improved