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Visualization — Key to Predictive Business Analytics
This column discusses Predictive Business Analytics (PBAs), the “Big Data” area that the IBF has recently added to its focus. The area is a natural extension to the IBF’s forecasting and planning charter, and represents where innovation will be needed to take advantage of integrated supply-demand signals in a supply chain. A four-layer stacked approach to developing PBAs is discussed and several examples are given.