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Scenario Planning 1/4 – The key to more accurate plans and forecasts

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Scenario Planning 1/4 – The key to more accurate plans and forecasts

In this series of blogs we will be looking at how scenario planning can help organisations produce better and more agile plans and forecasts. In this blog we look at the differences between planning and forecasting.

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The problem with forecasts…

Before we start, it’s important to realise the business world is complex and as such, cannot be easily forecast. In fact, we would go as far as to say it’s impossible to ...

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Workflow the Next ‘Big Thing’ in Analytics – part 4

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Workflow the Next ‘Big Thing’ in Analytics – part 4

This is the last in our series of blogs on analytics and workflow. In our last blog we looked at the components of an analytic workflow system. In this blog we look at the design aspects of a workflow driven system and things to look for in a software solution.

 

Designing the workflow

Designing a company-wide analytic system that incorporates workflow requires a different approach to the way discrete analytic models are typically designed today. The starting point is the organisation’s business ...

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Workflow the Next ‘Big Thing’ in Analytics – part 3

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Workflow the Next ‘Big Thing’ in Analytics – part 3

This is the third in our series of blogs on analytics and workflow. In our last blog we looked at the difference between true workflow and what is typically delivered with analytic solutions. In this blog, I will look at components of an analytic workflow system.

 

Task definition

The key building block of any workflow are the tasks that describe an action to be performed. This could be the loading of last month’s actual data into the analytics engine, or the generation ...

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