Your forecast isn’t good enough

By |January 4th, 2016|Categories: Uncategorized|

Here’s something newcomers to predictive analytics often feel: “this forecast isn’t good enough for me to do anything with it”.
How can I better illustrate this than by an example: imagine an asset for which failures for two parts get predicted: a motor and a monitor. For both parts, the predictive analytics system is capable of predicting 40 out of every 100 failures with high accuracy.
Here are some of the questions the eventual user of of […]