BLOGBUSINESS INTELLIGENCE
Rutger Heijmerikx

Predictive Analysis - Part IV

<p>
    In earlier Blogs posted
on Predictive Analysis we explained the basics of Predictive Analysis (PA):
</p>
<p>
    -<a href="https://mccoy-partners.com/blog/to-predict-or-not-to-predict-3f4850fb-f07c-49c0-b649-517ca148b9b3">To predict or not to
Predict
    </a>
</p>
<p>
    -General&nbsp;<a href="https://mccoy-partners.com/blog/predictive-analytics-part-ii">examples</a> regarding how to apply it.
</p>
<p>
    -And shared the <a href="https://mccoy-partners.com/blog/predictive-analysis-the-story-continues">technology solutions</a>
</p>
<p>
    Now it’s time to talk
practical solutions. This time we discuss McCoy’s GTI and next time we will
discuss my latest mindgame “S&OP Powered by Predictive Analytics”.&nbsp;
</p>
<p>
    <strong>GTI</strong>
</p>
<p>
    GTI stands for <strong>G</strong>enerating <strong>T</strong>ransparency and <strong>I</strong>nsight.
It will enable your company to optimize margin- and/or sales prices on
customer/product level. GTI uses predictive
algorithms and applied statistics to generate business insights. Well how then?
</p>
<p>
    Before we answer that
let’s chip in some general statements:
</p>
<p>
    <img src="https://d33hx0vcw78rcj.cloudfront.net/photos/item_photos/130/original.png?1445354389">
</p>
<p>
    When McKinsey posts a
lot of articles on the power of pricing and uses statements like: “
    <em>Pricing right is the fastest and most
effective way to increase profits
    </em>”. We feel the need to take it to the next
level. Well how then?
</p>
<p>
    Your Company most
probably (with certainty restricted probability) already has a Pricing tool as
you also read the McKinsey articles. Here is a comparison:
</p>
<p>
    <img src="https://d33hx0vcw78rcj.cloudfront.net/photos/item_photos/131/original.png?1445354436">
</p>
<p>
    In short; using
statistics to get from Business Information to Business Insight (difference
explained in&nbsp;
    <a href="https://mccoy-partners.com/blog/to-predict-or-not-to-predict-3f4850fb-f07c-49c0-b649-517ca148b9b3">To predict or not to
Predict
    </a>)
</p>
<p>
    Some benefits lines out
for you:
</p>
<p>
    - GTI provides price differentiation insight and
supports sales effectiveness (transparency of sales)
</p>
<p>
    - GTI is using state of the art predictive algorithms
and applied statistics
</p>
<p>
    - GTI can be implemented on your Company's OLTP (like SAP
BW) system (ROI) or as a cloud solution (SaaS)
</p>
<p>
    - Existing front end tools (like SAP Bex- and Business
Objects) can be used on top of the GTI data model (ROI)
</p>
<p>
    - GTI is a Proven solution at our customers
</p>
<p>
    McCoy's consultants are
specialized in Predictive Analytics and are more than happy to assist you on
your road to Predictive Analytics
</p>
<p>
    <strong>Want to know
more? Please contact us at&nbsp;
    </strong><strong></strong><a href="https://mccoy-partners.com/contact">https://mccoy-partners.com/contact</a>
</p>