7 Insights for Running Predictive Models
In a time when it is uncertain whether a vaccine will be developed, businesses are making uncertain decisions on a daily, weekly, and monthly basis. We can all agree, the fight to end the spread of the Coronavirus has caused many of the small and the medium-sized businesses to lose significant revenue while also piling up unexpected losses.
What’s happening to the stock market does not reflect the true business environment, but rather depicts a disconnected reality for the average American.
The next few months pose a difficult economic challenge: how do we manage a business with so much ambivalence while our economic stability is unclear? As expected, many of our clients are feeling the struggle, however, they have been able to adapt quickly using our technology.
We at Beyond Appearances are aware of the heavy burden that small and medium-size businesses pay, so we have developed a practical methodology and technology on how to get insights and recommendations for managing a business with uncertainty.
How will you deal with this complicated time when you don’t really know where things are headed? In this article we have provided you with a guide for survival during unexpected downturns:
7 insights and recommendations that will allow your business to continue to operate efficiently in any state of uncertainty.
- Set realistic goals for a defined period of time. It is important to define realistic goals based on internal (micro) and external (macro) data analysis. Get answers to your questions, the more you concentrate and isolate the questions you want answered, the more your operations will act on informed knowledge rather than emotion. Our Beyond Appearances predictions are tailored to your goals and business behavior to help you navigate your market in the most optimal manner.
- Collect business intelligence on the industry you are in, by identifying what is happening with your competitors. “Knowledge equals Power” – launch Beyond Appearances’ open source harvesting and collect refined data on your competitors, combine the data with internal data, and activate models according to the relevant industry. Select from a large repository of pre-defined models based on different industries and objectives. Allowing your business to accumulate insights past what appears.
- Analyze existing data and pull insights. A testimonial from our client, “Beyond Appearances allows us to focus on our business.” Businesses can upload data to a secure Beyond Appearances cloud and run artificial intelligence models that combine all the related entities of the business. Get an analysis of each entity by score, and you decide what you want to do with the insights and recommendations.”
- Forecast– let artificial intelligence predict what will happen in any business situation without having data science knowledge or expertise. Easily run simulation models and identify key drivers that you can you use to make business decisions.
- Make decisions based on future profitability – This is where the human factor can lead to unfair biases when making decisions – Use business intelligence based on data analysis and not according to emotion. Integrate all the components of the system into interpretable factors to receive an explanation of what derived to the recommendation.
- Learn what your customers’ motives are and how they act in changing market conditions – identifying variable factors that influence your customer’s actions during changing market conditions allows for your business to be at the forefront of growth or change. Easily identify and enter these parameters into the models to receive accurate predictions.
- Ensure data is secured from hostile factors – at a time when a hacker’s motivation can take your mind off your business, you can ensure that your data is secured by our data security system. Any malicious action can be identified, tracked, and detected so that during vulnerable times you are protected.
Why the Beyond Team?
Experience –more than 25 years of experience in implementing artificial intelligence for large corporations in over 7 different industries.
Fast – upload the data to a secure cloud and receive predictive insights and recommendations within minutes.
Dynamic – flexibility in running different models to find anomalies according to the questions the customer asks.
Practical – an accumulation of proven pre-defined rules for a number of vertical markets.
Management –smart dashboard and interface which enables the business to manage results on a practical operational level.
Profitable -an attractive price for an artificial intelligence system that requires no modeling knowledge by the end-user.
Activating business models in a changing market environment – The system has models in different sectors: Financial loans, marketing, underwriting insurance, legal, security, and intelligence.
To summarize
- Set realistic goals for a defined period of time.
- Collect business intelligence on the industry you are in.
- Analyze existing data and pull insights.
- Forecast what will happen.
- Make decisions based on future profitability.
- Learn what your customers’ motives are and how they act in changing market conditions.
- Ensure data is secured from hostile factors.
To see how quickly we can provide you insights on your data. Schedule a demo by emailing us at info@scorelate.com.