CIO Bulletin

Prevedere - Leader in predictive forecasting solutions for companies

In this fast-paced world, the industry is constantly evolving. What is relevant for a company may not be in the near future. To cope up with this, the companies must have the best assessment of themselves and plan for future growth depending upon their resources and capabilities. Prevedere is a predictive analytics company, helping business leaders make better decisions by providing a real-time view of their company’s future. While most companies can assess themselves quickly, Prevedere’s external real-time insights engine constantly monitors the world’s activity and identifies future threats or opportunities of a business. With a team of industry experts, data scientists, and economists, Prevedere aims to help business leaders make the right decisions in their companies.

Prevedere enables today’s Intelligent Enterprise, providing econometrics-based predictions of future outcomes. Their cloud platform monitors and models those external forces that impact future performance, enabling planning leaders and data scientists. They collaborate with companies to deliver Intelligent Forecasting solutions that are fully customized according to the role responsibilities and the company’s business context.

Global Customer Success

Prevedere’s Customer Success organization actively serves and supports its customers with a global team of experienced program managers and consultants. The team onboards new customers collaborates to define program plans and roadmaps, drives the operationalization of the insights into decisions and actions across functions, and ensures value delivery throughout the journey. The organization specifically ensures that each and every customer is successful and satisfied working with Prevedere.

Strategic Consulting Services

According to Prevedere, value comes from insights, and insights come from understanding how the external factors will impact your business and industry. Their team of economists assess what external factors are impactful to each of their customers, build econometric models to determine the nature and magnitude of these impacts, and then provide detailed interpretation in regards to the headwinds and tailwinds on the horizon. These strategic advisory services are catered mainly by the senior executives and are the catalyst to drive decisions and actions throughout any organization.

Econometric Modeling Services

The company’s econometric modeling services combine the world’s data with yours to determine those external factors that have the most pronounced impact on the future of your business. Then it leverages its own patented AI modeling engine to develop highly predictive econometric forecast models for a company. While many companies choose to do their own modeling using their data and platform, the company provides its econometric modeling services for a quick start or for those companies looking for a fully managed service.

Education and Enablement

Prevedere’s education and enablement services are aimed at driving self-sufficiency for their customers and partners. Through access to quick start guides, a full curriculum of training courses, and user exercises designed for different types of users, these services provide a rapid onboarding of the customers and enable each customer to gain their desired level of proficiency with a complete set of solutions.

Customer Support

Prevedere’s team of experienced, skilled professionals provides business and operational support to fill the capability gaps within an organization. They provide quick onboarding of the customers and enable each to gain their desired level of proficiency with their platform and process. They also offer various services, ranging from front-line helpdesk to on-site business analyst resources to technical services to assist you in whatever ways are needed to enable success.

Financial Planning & Analytics

Correlation Engine: Prevedere’s Correlation Engine determines the best leading indicators to use by rapidly analyzing millions of external data sets with any of your internal metrics. Using powerful machine learning and cloud computing, you can determine the lead time and predictive confidence and create models in minutes rather than days.

Economic Risk Report: For accurate financial forecasting, having a clear understanding of internal and external threats to your business is critical. With Economic Risk Reports, you can easily understand when the economic factors will put upward or downward pressure on revenue, profit, or market share compared to your target objectives.

Global Data Alerts: With an ever-changing global economy, you can set up Economic Alerts that send you an email when any external data set or forecast drastically changes. By staying on top of changes to any leading indicators, you can modify your plans to address economic uncertainty with sufficient time.

Hyperion/SAP Integrations: While Prevedere offers a web-based solution, they can easily integrate into your existing S&OP platform, such as Hyperion or SAP BPC. They even have a plugin for Microsoft Excel and Office365 to download any data set or forecast model directly into your spreadsheets for further analysis.

Demand Planning & Forecasting

Prevedere delivers unbiased, fact-based demand forecasting using real-time economic and consumer behavior indicators. It offers enhanced forecast accuracy with real-time global data.

External Drivers of Demand: By scouring thousands of sources daily, the company has developed the first model-ready global data cloud. You can search the database of millions of global data sets as easy as a Google search, refine your search by date, source, or frequency.

Demand Forecasting and Planning with Predictive Behaviours: In a matter of minutes, you and your team can analyze your internal data against millions of external factors to identify leading indicators of demand changes. Their proprietary algorithms use advanced statistical analysis and pattern matching to provide unprecedented insight into what drives your business.

Demand Forecasting: Along with access to the entire R library, Prevedere gives you patent-pending advanced statistical algorithms that forecast with greater accuracy than SAP APO and legacy planning tools. By leveraging true drivers of demand using both internal and external factors, they help companies reduce forecast error by greater than 50% on average.

Real-time updates and integration: Prevedere seamlessly connects with traditional forecast applications to provide new, better, and faster insight innovating without replacing the tools you use today.

About the CEO

Rich Wagner is the CEO and President of Prevedere. He brings 15 years of leadership from big four consulting and Fortune 500. He has worked with C-level executives on major corporate initiatives, including preparing due diligence on dozens of multi-billion dollar mergers, acquisitions, and corporate projects. Rich has experience in a variety of industries, including manufacturing, consumer goods, and retail. Rich is a Veteran and holds a Bachelor of Arts degree from The Ohio State University and a Master of Business Administration.