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In what ways do prescriptive analytics impact your chosen career field?
Prescriptive analytics impact in my chosen career field of the Department of Defense (DOD) is
great as it transforms data into information the DOD can use to make high-quality decisions. For
example, data analytics improves the strategy for decision-making in the combatant command.
(Butler et al., 2021)
Do you think it is currently important or do you think prescriptive analytics have yet to be
widely adopted?
I think prescriptive analytics is currently important but has not yet been widely adopted and most
certainly will increase in the future. I conclude from the readings that prescriptive analytics can
enable businesses to make the best decisions for future business operations. (Gosh, 2021)
Find, summarize, and reference a mainstream news article or research article supporting
your response in a minimum of 250 words.
The article Data Analytics in the Combatant Command: Improving the Approach to Decision-
Making by Butler et al. (2021) suggests that prescriptive analytics can provide crucial feedback
to commanders outlining possible outcomes of decisions. Prescriptive analytics can further
quantify the outcome of recommended actions. In detail, prescriptive analysis supports decision-
making by determining a course of action. Techniques in use are rules-based methodologies,
optimization, and stochastic optimization. The benefits are quantifying the outcomes of the
recommended course of action. The limitation is the data is time dependent. The article is about
the use of data analytics to combat improvised explosive devices (IEDs).
Authors Butler et al. (2021) explain that descriptive data analytics is applied to summarize
historical data in the example of combat as it answers what happens in the area of responsibility.
Another used analytics is diagnostic data analytics, which focuses on understanding the factors
of an event, whether it occurred or not. Predictive analytics predicts possible outcomes of
decisions using the trends identified during the descriptive data analytics step.
As the summary shows, prescriptive analytics is in every industry. In any field, businesses can
use software for data analytics specifically tailored to individual needs. “The extraction, fusion,
and synthesis of data” (Butler et al., 2021), can be applied to data analytics in any career field for
whichever decision a business seeks to accomplish. Prescriptive analytics predicts and assists in
the decision-making process as it looks at the possible course of action and evaluates whether a
previously made decision was effective. (Butler et al., 2021)
Bhagat (2020) mentions IBM Analytics in his article as one of the companies offering predictive
analytics solutions. IBM offers predictive analytics solutions. These are classification models,
clustering models, and time series models
(What is predictive analytics?)
. In the example of a
supply chain, companies often use predictive analytics for managing product inventory and
establishing pricing strategies. It includes assessing the cost and returns on products, which is
vital to predict the long-term impact on revenue. Currently, IBM offers three solutions, and these
are IBM Watson® Studio, IBM SPSS® Statistics, and IBM SPSS® Modeler
(What is predictive
analytics?)
. IBM offers solutions used in “automotive, defense, chemical, petroleum, energy,
aerospace, electronics, and other industries to uncover deeper insights into operations, inventory,
market demands, supply chain, and performance” (Bhagat, 2020). (Bhagat, 2020;
What is
predictive analytics?
)
Reference:
Bhagat, V. (2020, December 22).
How prescriptive analytics is changing the face of every
industry?V
. Data Science Central. https://www.datasciencecentral.com/how-prescriptive-
analytics-is-changing-the-face-of-every-industry/
Butler, J., Ross, C., Pegues, K., & Salvador, J. (2021, September 10).
Data Analytics in the
combatant command: Improving the approach to decision-making
. The Strategy Bridge.
https://thestrategybridge.org/the-bridge/2021/9/6/data-analytics-in-the-combatant-command-
improving-the-approach-to-decision-making#:~:text=%5B31%5D%20While%20less
%20prevalent%2C,of%20proposed%20courses%20of%20action.
Ghosh, P. (2023, March 13).
Prescriptive analytics use cases
. DATAVERSITY.
https://www.dataversity.net/prescriptive-analytics-use-cases/
What is predictive analytics.
IBM. (n.d.). https://www.ibm.com/topics/predictive-analytics?
utm_content=SRCWW&p1=Search&p4=43700074738955286&p5=p&gclid=Cj0KCQjwtJKqB
hCaARIsAN_yS_n1YzyFHS4oRI5t9WI-
iY8r7VJXVcyWaaqWAOkKirMLXFE6aVZKCdgaAhaJEALw_wcB&gclsrc=aw.ds
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