This session is about prescriptive analytics or data optimization. The speaker explains the four stages of analytics, which include descriptive analytics, diagnostic analytics, predictive analytics, and prescriptive analytics. They also discuss the preliminaries and characteristics of prescriptive analytics, which involves understanding the decision to make, defining the objective function, and considering the constraints. The speaker focuses on the use cases of solving network-related problems, transportation-related problems, and transshipment-related problems. The speaker presents a use case of a manufacturing company that produces fuel pumps for Volvo and Daimler, and they aim to determine how many units of each pump they should produce to maximize profits. The session emphasizes the importance of prescriptive analytics in decision-making and how it is becoming a unique selling proposition for organizations.

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About 360DigiTMG
360DigiTMG is a 9-year-old training & consulting organization led by stalwarts of the industry who are alumnus of premier institutions like the Indian Institute of Technology, Indian Institute of Management and Indian School of Business. 360DigiTMG since its inception has been the forerunner in the space of management and niche programs that aid in up-skilling and cross skilling executives across various levels and domains. 360DigiTMG has been conducting training programs across the globe for corporate and individuals alike.
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