Reliable, repeatable, and relatable.
As companies commit to big data and data-driven decision making, the demand for predictive analytics has never been greater. While each day seems to bring another story of analytics success, it's important to keep some simple rules of thumb in mind to ensure that analytics solutions are both effective and adopted by your business users. Whether you’re using traditional regression techniques or the latest machine-learning algorithms, these rules are critical to creating an analytics-driven enterprise.
West Monroe Partners calls these rules of thumb the three “Rs” of predictive analytics: reliable, repeatable, and relatable.