3/22/16 Business Intelligence and Analytics
Mike Cangemi, President of Cangemi Company LLC, shared with members of The Presidents Forum his career focus on Business Intelligence. He quickly summarized this complex technology in three phases as follows:
Descriptive Analytics – Helps to understand the past,
Predictive Analytics — Helps to understand what might happen,
Prescriptive Analytics – Helps to find the best course of action.
Small business knows it should be analyzing more but available time is not there. As Cangemi pointed out though, a distinct competitive advantage will be gained by increasing proficiency in analytics. The time to make advancements in our analytic knowledge is now.
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