In today’s fast-paced business environment, it is essential to have accurate and reliable predictive planning and forecasting tools. IBM Planning Analytics offers a native predictive planning and forecasting tool that helps businesses generate statistically backed forecasts using a single planning and reporting tool.
The predictive planning and forecasting capability within IBM Planning Analytics provides businesses with an intuitive interface that makes it easy to create custom forecasts based on their unique data sets. Users can also leverage pre-built templates and algorithms to generate forecasts quickly and efficiently. To begin, it can be as simple as selecting the intersection of data and determining what input data to use and how far out to predict. The prediction also provides an analysis of the strength of the projection based on the data set.
Another key benefit of using Planning Analytics for predictive planning and forecasting is its ability to incorporate both historical and real-time data into forecasts. This ensures that businesses have the most up-to-date information possible, which can help them respond to changes in their market and make initiative-taking decisions.
This feature provides businesses with a range of visualization options to help users consume and analyze their data to identify trends and patterns. This makes it easier for businesses to communicate their findings with stakeholders and make data-driven decisions.
IBM Planning Analytics’ built-in predictive planning and forecasting capabilities make Planning Analytics an excellent choice for businesses looking to gain a competitive edge by leveraging the power of predictive analytics within their planning process. With its easy-to-use interface, powerful analytics capabilities, and ability to incorporate real-time data, Planning Analytics is essential for any business looking to make informed decisions and stay ahead of the curve.
If you think IBM Planning Analytics is a good fit for you and your organization, contact Breakaway Technologies today to learn more.
Breakaway Technologies was founded in 1998 with the simple goal of making it easier for finance and accounting teams to report, plan and forecast.