in , , ,

Grant Thornton’s Philip Higginbotham: Businesses Need ‘Forward-Thinking’ Analytics Approach

Grant Thornton's Philip Higginbotham: Businesses Need 'Forward-Thinking' Analytics Approach - top government contractors - best government contracting event
Philip-Higginbotham
Philip Higginbotham

Philip Higginbotham, Grant Thornton's national director of analytic services, has called on business leaders to “understand and implement a more sophisticated, forward-thinking form of analytics to get ahead.”

Grant Thornton and the Financial Executives Research Foundation released on Tuesday a new report, which says organizations that adopt prescriptive data analytics improve their business performance.

FERF and Grant Thornton conducted interviews with senior-level executives to see how the four surveyed companies combine predictive and prescriptive analytics.

The case studies show that one company reduced costs by nearly $28 million due to analytics-based policy reform and another company saw a 30 percent increase in profitability.

The report also recommends enterprises combine predictive analytics and prescriptive analytics results to improve performance.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Big Data & Analytics

Dynetics Lands Work on Raytheon USAF Radar Program; David King Comments - top government contractors - best government contracting event

Dynetics Lands Work on Raytheon USAF Radar Program; David King Comments

IBM to Provide Data Center Space for Canadian Gov't; David Anthony Comments - top government contractors - best government contracting event

IBM to Provide Data Center Space for Canadian Gov’t; David Anthony Comments