The basis of prospective analytics in business

• Autorzy: Wolniak Radosław , Grebski Wies

Identyfikatory

DOI

10.29119/1641-3466.2023.176.45

• Języki publikacji: EN

Abstrakty

EN

Purpose: The goal of the paper is to analyze the main features, benefits and problems with the prospective analytics usage. Design/methodology/approach: Critical literature analysis. Analysis of international literature from main databases and polish literature and legal acts connecting with researched topic. Findings: Prescriptive analytics aims to assist businesses in making informed decisions that optimize desired outcomes or minimize undesired ones. It goes beyond predicting future outcomes and provides recommendations on the best actions to achieve desired goals while considering potential risks and uncertainties. Prescriptive analytics finds applications in various domains such as supply chain management, financial planning, healthcare, marketing, and operations management. It empowers businesses to make data-driven decisions, optimize resource allocation, enhance efficiency, and gain a competitive advantage. Considered the highest level of analytics, prescriptive analytics combines historical data, real-time information, optimization techniques, and decision models to generate actionable recommendations. Originality/value: Detailed analysis of all subjects related to the problems connected with the prospective analytics.

Słowa kluczowe

EN

Industry 4.0; diagnostic analytics; business analytics; data analysis; predictive analytics

PL

Przemysł 4.0; analityka diagnostyczna; analityka biznesowa; analiza danych; analityka predykcyjna

• Wydawca: Wydawnictwo Politechniki Śląskiej
• Czasopismo: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
• Rocznik: 2023
• Tom: z. 176
• Strony: 771--789
• Opis fizyczny: Bibliogr. 127 poz.

Twórcy

autor

Wolniak Radosław

• Silesian University of Technology, Organization and Management Department, Economics and Informatics Institute

• https://orcid.org/0000-0003-0317-9811

autor

Grebski Wies

• Penn State Hazletonne, Pennsylvania State University

• https://orcid.org/0000-0002-4684-7608

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