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March 22, 2006

News & Opinion: Predictive Business

By: 800-CEO-READ @ 3:10 PM – Filed under: Management & Workplace Culture

We've got dashboards, CRM databases and operation numbers everywhere. There seems to be an ever-increasing emphasis on real-time managing. At a certain point, real-time stops because we've reached that final milisecond and have a 360 degree view of everything that's going on at that moment. I never cease to be amazed by the number of metrics available even now at just the touch of a computer screen. And then where do we go? To predicting the future. As interesting as it'd be to see business folks consulting their crystal balls and reading up on Nostradamus, Vivek Randadive has a better idea. His latest book, The Power to Predict describes predictive business as "taking the best approach to getting that extra goal when the opportunity presents itself." Then goes on,
Fortunately, you don't have to be a psychic to successfully run your organization. Over time, patterns emerge, and if you can marry those patterns with real-time information, you can get half a step ahead.
Luckily, it doesn't appear that crystal balls will become common place in the cubicles and offices that dot the world.