Quote of the Day – on Prediction/Analysis as Competitive Advantage

“The ability to predict outcomes is one of the most sophisticated uses of the big picture and one of the most valuable. Prediction requires advanced analytic skills and creates unique differentiation. The data on which predictions are made is often either proprietary or difficult to assemble into a big picture, and the skills required to process the data are uncommon. For this reason, the company that does go to the trouble of building predictive skills earns a competitive advantage that is difficult to replicate.” Niraj Dawar, 2013

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