The Power to Predict: How Real Time Businesses Anticipate Customer Needs, Create Opportunities, and Beat the Competition

Vivek Randive



In the mid 1980s systems integration visionary Vivek Ranadive broke the real-time information barrier and helped to digitize Wall Street. With his international bestseller The Power of Now, he helped usher in the real-time business revolution of the late 1990s. Now with this groundbreaking new book, Ranadive brings news of the next big leap in business systems evolution-The Power to Predict. Real-time business gives companies the ability to monitor and react to changes and address problems as they occurr.

But no matter how sophisticated their information-gathering and data mining systems are, they're still playing catch-up. In The Power to Predict, Ranadive forecasts the next step in achieving breakthrough business performance, a new approach he calls Predictive BusinessTM: the ability to anticipate business problems and opportunities and to act preemptively.

Predictive Business allows companies to take real-time information, correlate it with historical patterns, and recognize events that hold tremendous profit potential. In an effort to stay ahead of the curve, a handful of companies have been quietly making the transition from reactive organizations to proactive, anc are well-suited for a customer-centric business paradigm. Ranadive takes us inside a number of these companies-including Amazon, Pirelli, Harrah's, E. & J. Gallo, Wal-Mart, and 7-Eleven--to show how they are making that transition, and are able to: Anticipate customer needs and be ready satisfy them the minute they emerge  Be prepared for sudden events such as a power outage, spikes in demand for a product or service, logistic issues due to changing weather patterns, or evolving customer requirements In The Power to Predict you'll discover how your company can accomplish these goals by continuously matching real-time events with historical patterns to improve business processes.

Just as important, you'll get expert insight to improve business processes and advice on what it will take to align your company's resources, technology, and culture into an unstoppable, world-class Predictive-Business.

What will you learn from this book

  1. Importance of Real-Time Data: The book may emphasize the significance of leveraging real-time data for making informed business decisions and staying ahead of the competition.

  2. Customer-Centric Approach: Expect insights into how businesses can use predictive analytics to anticipate and fulfill customer needs, enhancing overall customer satisfaction and loyalty.

  3. Creating Opportunities: The authors might discuss how predictive capabilities can be used to identify new business opportunities, innovate products or services, and adapt to changing market conditions.

  4. Competitive Advantage: Insights into how businesses that embrace predictive analytics gain a competitive edge by making proactive, data-driven decisions rather than reactive ones.

  5. Implementing Predictive Models: The book may provide practical guidance on implementing predictive models and analytics tools within a business context, ensuring effective integration with existing processes.

  6. Agility and Adaptability: Expect discussions on how real-time predictive analytics fosters business agility, allowing organizations to adapt quickly to market shifts and capitalize on emerging trends.

  7. Risk Management: The authors might explore how predictive analytics can be utilized for risk management, helping businesses identify and mitigate potential risks before they escalate.

  8. Data-Driven Innovation: Insights into how businesses can use predictive data analytics as a foundation for innovation, whether in product development, marketing strategies, or operational efficiency.

  9. Enhancing Operational Efficiency: The book may discuss how real-time predictive insights contribute to streamlining operational processes, reducing costs, and improving overall efficiency.

  10. Cultural Shift: Expect considerations on the cultural shift required within organizations to fully embrace a real-time, predictive approach, including fostering a data-driven mindset across all levels.

Language English
ISBN-10 0071450149
ISBN-13 9780071450140
No of pages 239
Font Size Medium
Book Publisher McGraw-Hill
Published Date 16 Mar 2006

About Author

Author : Vivek Randive

2 Books

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