Riverlogic Blog

River Logic, Inc. Blog


How Prescriptive Analytics Delivers on the Promise of Big Data

Can you imagine the possibility of making a strategic business decision based on recommended actions derived from past performance, current conditions, and desired outcomes? Advanced analytics have matured to make all that possible and more. Prescriptive analytics mitigate significant risk in strategic decision making to improve profitability, increase customer satisfaction, and create first-in-market opportunities by […]

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Protecting Intellectual Property on Prescriptive Analytics

Even in companies using highly automated systems, subject matter experts (SMEs) are still needed for making many tactical and strategic business decisions. Optimizing these same decisions requires prescriptive modeling techniques. But a company investing in prescriptive analytics must be willing to do more than just throw money at technology and labor. It must extract the […]

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Don’t Scare the CFO: Reconciling Managerial & Financial Accounting

In my efforts to develop and implement prescriptive modeling solutions to real business problems, recognizing the business context of the work can have huge implications on its success.  One stakeholder who needs to be at least on board with prescriptive modeling (if not its champion) is the Chief Financial Officer (CFO).  In addition to funding […]

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The math story of my life

“If I had only known back in school what I know today!” We all mutter that phrase once in a while for many different reasons.  Maybe it was when you were learning grammar, how you treated your parents or siblings, or breaking your arm attempting a crazy trick on a skateboard? Looking back, for me, […]

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Avoiding Analysis Paralysis in Prescriptive Analytics

In considering modern business analytics, I was asked recently how connected and dependent all the pieces were.  Specific to prescriptive analytics, is it necessary to have predictive analytics in place to find success in prescriptive analytics?  The answer is a resounding no. The only prerequisite for prescriptive analytics is a high degree of confidence in […]

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University of Georgia Leverages EO to Help Small Physician Practices

Several months ago, I was contacted by John Maynard, Assistant State Director at the University of Georgia Small Business Development Center Network – see www.georgiasbdc.org.  John was interested in using Enterprise Optimizer to support new research he and his colleagues were conducting relevant to solo physicians and small medical practices. After completing River Logic’s self-paced […]

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Integrated Business Planning and Sustainability

Empirical evidence shows that well-run companies, with happier employees and shareholders, tend to be more environmentally and socially conscious – and more willing to fund sustainability programs.  Well-run companies are also committing to Integrated Business Planning (IBP), the holistic decision-making process leveraging prescriptive analytics to link important strategic, operational and financial planning functions.  They challenge […]

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Prescriptive Analytics – Winning in a Competitive Environment

I recently read a new whitepaper I highly recommend for senior business managers, C-level executives, and the strategic consultants that advise them. The paper, written by Tony Hernandez, Kevin Morgan and Dalia El-Sherif, discusses how organizations can leverage advanced analytics to create competitive advantage. The paper is extremely insightful and includes thought leadership around a […]

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Journey to Prescriptive Analytics

 Prescriptive analytics like those provided by Enterprise Optimizer (EO) are the holy grail of business analytics.  The ability to develop, deploy, and embed prescriptive analytics in the business has huge long-term cost saving or net income maximization potential for the business.  Much like saving a small amount of time or cost in a manufacturing process […]

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Prescriptive Analytics in the Healthcare Provider Industry

Prescriptive Analytics – or Optimization – is a very powerful science.  It started in logistics in the 1940s and has largely remained in the supply chain space.  Until recently, that is.  Every industry has multiple problem areas where optimization could deliver significant value.  As consulting firms, software vendors, visionaries within companies and industry analysts have […]

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