Wizsm Analytics

Wizsm’s integrated suite
provides decision-makers analytic tools to increase their effectiveness and insights.

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Wizsm Insights

The Future of Everything: Analytics in Decision-making

Decision-makers (managers, business analysts, and others) use certain analytics over and over to derive information and insights from data to provide four different perspectives:

  • Examining historical trends over a period of time of some measurement (Sales, Events, Customers, etc.),
  • Accessing events triggered by some problem (incidents of failure, waste, process errors, etc.)
  • Predicting what will happen in the future (forecasting), and
  • Implying some course of action based on relationships (causality, correlation, explicit relationships, etc.).

Within these perspectives, the decision-maker outlines steps to:

  1. Compare, Rank or both
  2. Quantitative, Qualitative, and Semantic or all of them
  3. Statistical, Machine Learning or both
  4. Path Analysis
  5. Consolidation, Clustering or both
  6. Process, Data mining or both

A key business concept is speed-to-market in the delivery of products and services. Speed-in-decision-making provides a competitive advantage. The following available analytics allow you to examine various perspectives quickly and to distribute results to other stakeholders involved in the decision-making process.

Focusing on a step-by-step approach with Wizsm by:

  • Defining the decision-making process outlining expected outcomes.
  • Assessing and selecting what are the analytics that can be used to achieve expected outcomes.
  • Building an analytic workflow and reporting (RACI) responsibilities.
  • Gather relevant information to perform the selected analytics.
  • Use one or more of the above analytics to gain insight.
  • Drawing insights and conclusions from the results.
  • Making a decision.
  • Collect metrics to determine effectiveness of decision.

With Wizsm’s integrated suite and flexible analytics, workflow, comparison, reporting features enable decision-makers to evaluate results that achieve competitive advantage.