Live Webinar – May 27th, 2015 2:00 pm – 3:00 pm EDT
Duration: 1 Hour Credits: 1 PDU Category C – Free PDU
Presented by: Decision Management Solutions
Successful predictive analytic projects follow a well defined approach from requirements to modeling, implementation and deployment, embedding the analytic results in operational systems that improve business performance.
In this live event, James Taylor, CEO and Principal Consultant at Decision Management Solutions and Matt Kitching, (LinkedIn profile) Senior Data Scientist at Apption, an award winning analytics consulting company, will discuss the business value of predictive analytics and show how decision modeling adds value throughout Apption’s big data analytics workflow.
Using a recent Apption Customer Retention Analytics engagement, James and Matt will walk through the workflow and show the value of predictive analytics and decision modeling in each step:
- Big Data Analytics allows you to use all your data to make key business decisions.
- Decision modeling aligns analytics requirements with key business measures, creating a shared understanding across stakeholders while providing structure and transparency and so promoting buy-in.
- Decision modeling focuses data scientists on the most relevant data, streamlining data preparation and exploration.
- Predictive Analytics provide you with actionable insights that help you solve existing problems or head them off.
- Decision modeling provides a framework to evaluate and refine predictive models to ensure they will have a business impact.
- Finally decision modeling ensures that predictive analytic models can and will be successfully deployed.
Predictive analytics are increasingly a must-have competitive tool. A well defined workflow and effective decision modeling approach ensures that the right predictive analytic models get built and deployed.
Presenter: James Taylor (LinkedIn profile) is the CEO of Decision Management Solutions, and is the leading expert in how to use business rules and analytic technology to build Decision Management Systems. If you are looking for information on decision Management Systems Sign up for his newsletter – Decision Management News. Read his blog: JT on EDM; or Follow him on Twitter: jamet123. James is passionate about using Decision Management Systems to help companies improve decision-making and develop an agile, analytic, and adaptive business. He has more than 20 years working with clients in all sectors to identify their highest-value opportunities for advanced analytics, enabling them to reduce fraud, continually manage and assess risk, and maximize customer value with increased flexibility and speed.
For more great information read James’ books Decision Management Systems: A Practical Guide to Using Business Rules and Predictive Analytics and Why You Need Smart Enough Systems.
PDU Category C (PMBOK 5) documentation details:
Process Groups: Planning Executing
Knowledge Areas: 4 – Integration 5 – Scope
- 4.1 Develop Project Charter
- 4.3 Direct and Manage Project Work
- 5.2 Collect Requirements
- 5.3 Define Scope
As a Category C, ‘Self Directed Learning’, activity remember to document your learning experience and its relationship to project management for your ‘PDU Audit Trail Folder.’
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