Framing Requirements for Predictive Analytic Projects with Decision Modeling

References updated: December 2, 2016

Key Takeaways

  • 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

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