Corporate Performance Management
Predictive Analytics

Predictive Analytics

Sterna Predictive Analytics delivers strategic competitive advantage


Performance management solutions have come a long way in the past few years. Today you can integrate information from multiple sources, validate it to ensure its completeness, quality, and consistency, and distribute it to the relevant people using dashboards, reports, email alerts etc. Performance management indeed provides a sense of control over the business; however, it often falls short when it comes to predicting the unknown. Ultimately, the goal of predictive analytics is to ensure that actions taken today achieve the goals of tomorrow. This is one of the key factors that provides an organization its competitive edge.

Sterna consolidates capabilities from predictive analytics, simulation, and optimization into a unified predictive analytics platform, Sterna Business Positioning System™ (BPS).

"In today’s dynamic business landscape, managers are challenged more than ever to get and stay ahead of the game. It’s not enough to understand what happened, how, and why your business is at its current state. Predictive Analytics empowers business leaders to continually predict and optimize future operational and financial results."

 

Sterna Predictive Analytics

Sterna’s predictive analytics solution extends the value of the organization’s existing business intelligence (BI) assets. While BI caters to the reporting and analysis of current and historic business performance and trends, Sterna’s predictive analytics solution is focused on optimizing future business results by providing the following key capabilities:

Performance prediction – time-series predictive analytics exposing correlations, trends, and patterns in business performance data. Expected future performance – operational as well as financial – is provided to managers at all times, for every measure relevant to their business. Managers are empowered to determine if an alternative course of action is necessary to meet their goals.

Simulation – assessing alternative courses of action based on possible business outcomes and likelihood.
Performance optimization – prioritizing action based on predicted profit and loss impact, ensuring that every manager steers his business results in line with the company's overall profit and loss targets.
Predictive Dashboard – making predictive analytics accessible to business leaders through a high-end, interactive, and intuitive executive dashboard that allows managers to drive their business to proactive action. For more information about the Sterna executive dashboard, click here.


Sterna time-series Predictive Analytics capabilities

Sterna performs all predictive computations on the fly and in real-time, in response to the user’s request (from within the Sterna Predictive Executive Dashboard). Among the time series analytics methods used by Sterna BPS to perform predictions are:

Moving average and weighted moving average.
Autoregressive integrated moving average models.
First and second order exponential smoothing (also known as Holt-Winters method) according to seasonality and trends.
Linear regression for parameters with trend, with or without seasonality.
Causal analysis using multiple linear regressions.
And many more….

Predictive Analytics in days!

Leveraging Sterna’s prepackaged analytics libraries, and utilizing flexible multi-source data integration capabilities, the Sterna BPS predictive analytics solutions is implemented in days, and easily adjusted to meet changing business needs.

For more information on the Sterna BPS predictive analytics, click here.