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Digital skills

5 basic steps to get into predictive analytics Logo cgma

  Paul Gosling |   Free |   Jul 2018 |   FM magazine

Predictive analytics brings together a number of techniques to analyse data and improve a company’s business intelligence system. Five steps are recommended to access this information and include understanding the data and the difference between relational and non-relational data bases. You need to thoroughly test the models and ensure they provide both efficient decision making and compliance.

Topics covered:
  • Management accounting: Technical: Management reporting & analysis: Management reporting, Advanced
  • Management accounting: Digital skills: Data analytics, Advanced

1 Comments/Reflections

Ruth Falkus

Ruth Falkus Jun 2019

Interesting article, it stresses the importance of starting small and building through really understanding where the data is coming from.  This should prevent onerous outcomes.  5 easy steps to follow.