Prevedere, a leading provider of business performance forecasting solutions, today announced that it has been identified as a sample vendor in the Gartner “Hype Cycle for Enterprise Information Management, 2016” report and in the Gartner “Hype Cycle for Business Intelligence and Analytics, 2016” report. Prevedere was named in the Open Data category.[i]
“It is our mission to help our customers identify factors that impact their business and make accurate predictions based on the macro- and micro-level insights we’re able to provide through open data sources,” said Rich Wagner, CEO at Prevedere. “We believe being named by Gartner as a sample vendor in both of these reports confirms our ability to transform open data into actionable insights of value for our customers.”
These reports state that “those taking advantage of available open data can expect to better understand their markets at a macro level, glean relationships between their own business events/performance and external factors, and identify emergent trends.” The authors of the reports advise that “open data can supplement most advanced analytic solutions; that is, those that target diagnostic, predictive and prescriptive outputs.” Prevedere leverages millions of open data sources and combines them with proprietary data to help global enterprise companies build more accurate forecasts to drive operational decisions.
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A leader in business performance forecasting solutions, Prevedere is a predictive analytics company that is changing the way businesses predict and prepare for future demand. With external factors such as energy prices, consumer spending and currency changes often at the root of missed forecasts, Prevedere empowers enterprises to easily integrate these influences into their existing forecasting processes. By tracking and managing thousands of global sources on economic, environmental and consumer behavior data, Prevedere’s correlation engine accurately determines which factors are true leading indicators for company revenues, profits and even individual products, nationally and locally. By augmenting internal data with external predictive analysis, Prevedere’s clients see an average 50 percent reduction in forecast error and reduce time to insights as much as 90%, resulting in smarter, more profitable decisions in an ever-changing economy.
Named Innovation Enterprise’s FP&A Innovation Awards winner in Forecasting and Planning, Prevedere solves a critical void in business planning. To learn more, visit prevedere.com and follow @Prevedere on Twitter.
[i] Gartner “Hype Cycle for Enterprise Information Management, 2016”, Andrew White, Andrew Duncan, 13 July 2016 and “Hype Cycle for Business Intelligence and Analytics, 2016” , Kurt Schlegel, 25 July 2016.