Prescriptive

(adjective)

Prescriptive analytics automatically synthesizes big data, mathematical sciences, business rules, and machine learning to make predictions and then suggest decision options to take advantage of the predictions.

Examples of Prescriptive in the following topics:

  • Analytical Mindset

    • Prescriptive analytics – Using optimization and simulation, managers can produce recommended decisions through analytical modeling.

  • Standard Benefits

    • Medical, prescription, vision and dental plans - Particularly in countries with poor social benefits, medical insurance is a requisite for hiring full-time talent (sometimes even legally required).

  • Process decisions

    • One patient may be a baby with a fever, while another patient may be getting a prescription medication refilled.

  • 10 reasons for a business to become sustainable

    • Escalating levels of polycyclic aromatic hydrocarbons (PAHs), polychlorinated biphenyls (PCBs), and pesticides (each of which can take hundreds of years to degrade) make matters worse – as do residues from billions of doses of prescription drugs now found as a matter of course along shorelines and in wetlands.
    • (Johns Hopkins University, ‘Prescription Drug Pollution May Harm Humans and Aquatic Life', Science Daily April 11, 2002) Researchers in Canada found a dozen different toxic drugs in water samples taken from the St.

  • Where does innovation come from?

    • A good example of purposeful development is the heavy investment that pharmaceutical firms make to discover new prescription drugs.

  • What is a business model?

    • Franchises are proven and successful business models whose business model "prescription" is successful within the country of origin and even overseas.