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Prescient GmbH

Prescient GmbH

Prescient GmbH is a consulting and publishing company.

PRESCIENT means "Perceiving the significance of events before they occur" (Webster's Encyclopedic Unabridged Dictionary of the English Language). Our philosophy is to share our knowledge where we expect to add value. Instead of just reacting based on what happened we prefer to anticipate what might happen and to prepare ourselves and our customers for it.

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Book recommendation:

Competing on analytics

Thomas H. Davenport and Jeanne G. Harris stress the fact that "for companies to sustain a competitive advantage, analytics must be applied judiciously, executed well, and continually renewed" (p. 48). Ideally analytical capabilites should be hard to duplicate, unique, adaptable to many situations, better than the competion and renewable. While analytics are quite powerful the authors leave no doubt that there are still limitations, e.g. "even when fully automating a decision process is possible, fiduciary, legal, or ethical issues may still require a responsible person to play an active role" (p. 151).

In chapter 4 the authors provide many useful examples how competing on analytics applies to financial, manufacturing, R&D, and human resource applications and processes. In the second part of their book they explain how to establish "Analytical Capability" without getting too technical, e.g. explaining the ETL (Extraction, Transformation, Load) process or data warehousing details.