Thursday 13 March 2014

Predictive analytics and risk management

Using predictive analytics you can evaluate (in a more accurate forward looking way than snapshot assessments/surveys etc):

  • Retention risk: you can pick-up behaviours that give you a strong indication who is likely to leave and when with suggested actions on how to influence whether they leave or not
    • You can focus this on elite performers and those who have the skills you need for the future and differentiate between them and those who are less strategical critical
  • Client churn risk: same issue really
  • CEO impact risk: there is quite a big issue there about monitoring what CEOs of big companies are up to - how can you predict when they might be about to do something not in the interests of stakehold

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