Business Performance Modeling

At the heart of Predictive Analytics lies Business Performance Modeling, which consists of translating a mental model into a mathematical one. When you think about your business, you often will think of abstract notions such as profit or margins. These are mental constructs because their are no physical representations of profit or margins (except a pile of cash) only mathematical ones.

Predictive analytics include business intelligence, simulation, optimization and forecasting, which enable the disciplined application of scientific method and the laws of nature to more easily solve complex management questions.

Technology Partnerz expert facilitators and consultants work with your team to construct :

• Descriptive models  to describes a situation and its relationships. Through comprehensive research and stakeholder interviews, we incorporate variance into the model using Monte-Carlo Simulation. This process enables us to better understand the interactions between the variables as well as what factors drive our final answer.
   
• Optimization models  based on descriptive model where variables under the organization's control are identified and optimized to find the best possible situation or outcome.
   
• Forecasting Models to integrate demand, supply or cash-flow variance over time into planning scenarios.

Example of the Return on Assets profitability model

Business Modeling Application Areas