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Project Report Format Predictive Analytics
Project Report Format Predictive Analytics
A Project Submitted
in Partial Fulfillment of the Requirements
for the MBA- TECHNOLOGY MANAGEMENT
by
MUHAMMAD ASHRAF HUSSAIN
Month, Year
Place
________________________________
(Student Name)
ii
Preface
Predictive analytics can help CFO’s to
use the existing data and identify trends for more
accurate planning, forecasting and decision making. By
using predictive analytics your organization can predict
outcomes, identify untapped opportunities, expose hidden
risks, anticipate the future and act quickly
iii
Contents
Undertaking ii
Preface iii
1 Introduction v
3 Study Methodology xx
Bibliography
Appendix
Websites
iv
Chapter 1
Introduction
What is Predictive
Analytics ?
v
capture relationships among many factors to assess risk
with a particular set of conditions to assign a score, or
weightage. By successfully applying predictive analytics the
businesses can effectively interpret big data for their
benefit.
vi
Predictive Analytics Value Chain
1.Define Project:
vii
2.Data Collection:
3. Data Analysis:
4.Statistics:
5.Modeling:
6.Deployment:
viii
7.Model Monitoring:
Prescriptive Analytics
ix
Applications of Predictive Analytics
2. Health Care
3. Collection Analytics
x
4. Cross Sell
5. Fraud detection
6. Risk management
7.Direct Marketing
8.Underwriting
xi
acquisition by predicting the future risk behavior of a
customer using application level data.
Predicitve Analytics
Industry Applications
xii
More Information on Predictive Analysis
Process
xiii
Target more profitable customers:
By analysing the customers it is possible to identify
small customer segments which are highly profitable.
Cash forecasting:
Cash flow management is a key aspect of business to
plan its future cash requirements to avoid a liquidity
crisis. Leveraging data insights, financial professionals
can look at trends to identify slow payers, detect and
address system issues and improve receivable
management.
Demand planning:
Predictive analytics can be used to forecast the sales
over a period determining the demand of the product.
This will help reduce returns from the customer and
scrapping of the product, increasing the profitability of
the company.
xiv
Predictive analytics can also help finance professionals
get a forecasted “sneak preview” into the financial mid-
period to avoid surprises.
Receivables aging:
xv
organization and help in achieving more success. There are no
silos.
The accuracy of data forecasted using this feature increases and
the profit margin to improve. There is maximum utilization of cash
flow.
Budget Management:
The budget management feature is one of the basic functions of
the finance department of any organization. The central finance
team monitored various processes carefully. This process helps in
allocating money as per the needs of the various departments of
the organization. A deep analysis is necessary to get real and
future expenses. The most important aspect is to take critical
decisions about future expenses. The SAP S/4HANA model is
designed to meet the need of budget management for the
organization. The benefits included in this feature are:
There is a real-time monitoring and forecasting of data happening
on a daily basis. This helps in getting an early view into future
expenses before financial budget exceeds. The management can
take necessary decisions like channelizing their budget into
required departments or overheads. There is proper control and
management of the budget.
This also helps in simulations of decisions about expenses and the
budget situation of the organization. The manager has the options
to adjust reporting model as per the needs of the organization. The
manager is given real-time forecast of future cost development.
They have real-time insight into budget expenses and a recent
overview of expenses requests.
The advantages of using this feature are that decision-making
becomes simpler and faster. The organization remains aware of
their budget. The chances of exceeding the budget remain zero.
There is a reduction in unnecessary costs. The savings are used
for maintaining key performance indicators. It dynamically
improves the budget management process.
xvi
Continuous Cross System Control Monitoring:
xvii
are kept in various forms like spreadsheets, loose sheets, emails,
etc. These data are also used by other stakeholders, including
auditors, third-party collaborating organization. In this scenario, it
becomes difficult to protect the data and keep up the sanctity of
the same. The risk of fraud increases as it is difficult to find the
leak. If a fraud is found at later stages, then it impacts the
company’s reputation and overall business.
xviii
Chapter 2
Strategic planning
Operational planning
Capital planning
Expense planning
Profitability analysis
xix
Analytics discovers patterns in data, by turning raw data
into meaningful information. Analytics implies
being able to generate insights by analyzing data
generated by business systems. Because every business
has
several systems that support each business process, it is
important that data from these different systems is
merged before data analysis begins. This is critical to
attaining a holistic view of business processes and the
data generated by them. This chapter explains the
importance of merging data and its attendant challenges
and solutions
xx
Chapter 3
Study Methodology
Nature of Study
Objective of Study
Data Collected
Techniques of Analysis
xxi
Chapter 4
About the industry
xxii
Chapter 5
xxiii
Chapter 6
Conclusions and Suggestions
xxiv
Bibliography
xxv
6. Appendix
Financial statements of companies
xxvi
Appendix A
xxvii
References
xxviii
xxix
Websites
https://www.predictiveanalyticstoday.com/what-is-predictive-analytics/
https://www.invenio-solutions.com/blog/leveraging-predictive-analytics-for-finance-the-why-and-how-
1
https://www.zarantech.com/blog/transforming-financial-reporting-analytics-using-sap-s4hana-finance/
https://www.ibmbigdatahub.com/blog/4-ways-predictive-analytics-finance-can-help-companies-see-
future
xxx