The new standard in Prescriptive Analytics Services

Streamline complex business decision-making with intelligent prescriptive analytics services. With prescriptive data solutions, your business can visualize multiple avenues and potential outcomes to simplify decision-making. At Turing, our engineering experts have helped several leading Silicon Valley firms adopt prescriptive analytics at scale. Our prescriptive analytics services are built on those experiences to help clients optimize their decision-making processes and use data to alter business predictions and suggestions according to their goals and limitations.

How Turing creates business solutions

Our in-house experts have provided personalized prescriptive analytics services to help clients boost business efficiency, improve operations, and mitigate critical risks. These service implementations have helped them realize significant value in their financial strategies, supply chain management, and customer segmentation capabilities, among other areas.
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Our prescriptive analytics service offerings

Statistical Analysis

As an experienced prescriptive data solutions provider, we offer comprehensive statistical analysis services to help businesses make data-driven decisions and optimize their business structure easily.

Our statistical analysis services include:

  • Creating a comprehensive roadmap of data collection, data cleaning and preparation, statistical analysis and modeling, and data interpretation and reporting, tailored to your business operations
  • Using regression analysis, factor analysis, hypothesis testing, and time-series analysis to help your business obtain key insights into the collected data and make decisions accordingly
  • Using ML and AI algorithms to extract insights from business data and develop predictive models to forecast future trends, determine anomalies and patterns in vast datasets, and automate business decision-making
  • Deploying customized statistical analysis solutions using industry-standard technologies like SPSS, SAS, Python, and R, along with Power BI and Tableau for data visualization
  • Validating all assumptions and hypotheses made using gathered data and testing them through different statistical models to arrive at the most accurate business decisions that will lead to the desired outcomes

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Frequently Asked Questions

Prescriptive analytics involves using optimization techniques and algorithms to identify the best course of action to take in a given situation. It takes into account various constraints, such as resources, time, and budgets, and recommends the best possible solution to achieve a specific goal. Prescriptive analytics uses techniques like optimization, simulation, and decision analysis to identify the best course of action given certain conditions.

Predictive analytics, on the other hand, focuses on forecasting future outcomes and trends based on historical data. Using techniques like data mining, statistical analysis, and machine learning algorithms, predictive analytics identifies patterns and relationships in the data to predict future events.

The following are the benefits of implementing prescriptive analytics into your business:

  • Creating scalable and repeatable processes: Prescriptive analytics allows your business to use historical data and run what-if analyses rapidly. Running multiple what-if scenarios, your business can quickly adopt the most effective option and turn it into a repeatable and scalable process

  • Optimizing business actions for ROI fulfillment: Business owners can use prescriptive analytics to predict the course of action for any area, be it marketing, sales, or pricing, and deliver optimal month-on-month ROI seamlessly

  • Reaching higher agility: Using prescriptive analytics to run and simulate various scenarios surrounding sudden market shifts, your business can determine the best possible ways to respond to such shifts promptly. This will strengthen your business to make near-time decisions and maintain maximum agility

  • Eliminating underperforming channels: In a business, there can be many revenue channels that are underperforming, but go unnoticed. Prescriptive analytics can help identify such channels quickly and remove them to optimize your business across multiple areas, including your supply chain, finances, product lines, and more

  • Establishing a long-term plan of action: Implementing prescriptive analytics also helps to remove data silos and unite teams through a collaborative business model to create a more consistent plan of action for the long run

When you procure prescriptive analytics services, you get the necessary tools to create and deploy optimization models that mathematically represent business problems, allowing you to simplify the decision-making process.

Prescriptive analytics is designed to use analytical algorithms and models to help businesses make a decision and obtain an actionable recommendation. Therefore, adopting prescriptive analytics will empower your business to make complex business decisions more easily by visualizing possible outcomes, opportunities, risks, and other business scenarios, obtained from analyzing various business data.

Integrating prescriptive analytics into your existing business processes and systems is a complex task involving multiple steps. This ranges from determining the problem areas to be solved, choosing the right technologies and talent, and obtaining executive support, to setting up a prescriptive analytics team, building and validating models, data preparation, and more.

However, you can simplify this entire process through Turing Prescriptive Analytics Services, where our in-house experts do all the heavy lifting. From data analysis and customer segmentation to risk management and business outcome visualizations, our experts leverage their vast expertise to handle every stage of incorporating prescriptive data solutions into your current business model.

Turing provides personalized prescriptive analytics services, where we analyze your current business structure, needs, data, and goals to create custom solutions. Leveraging our expansive prescriptive analytics experience, we provide customer segmentation, financial planning and forecasting, supply chain optimization, prescriptive modeling, and various other prescriptive analytics solutions tailored to your unique business objectives.

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