March 22, 2006

News & Opinion: Predictive Business

By: Dylan Schleicher @ 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.

About Dylan Schleicher

Dylan Schleicher has been a part of the 800-CEO-READ claque since 2003. Even though he's stayed on at the company, he has not stayed put. After beginning in shipping & receiving, he joined customer service and accounting before moving into his current, highly elliptical orbit of duties overseeing the ChangeThis and In the Books websites, the company's annual review of books and in-house design. He lives with his wife and two children in the Washington Heights neighborhood on Milwaukee's West Side.