{"version":"1.0","provider_name":"Instituto de Ingenier\u00eda del Conocimiento","provider_url":"https:\/\/www.iic.uam.es\/en","author_name":"Instituto de Ingenier\u00eda del Conocimiento","author_url":"https:\/\/www.iic.uam.es\/en\/author\/andres\/","title":"Prescriptive Analytics - IIC","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"VkQJ6mVFtZ\"><a href=\"https:\/\/www.iic.uam.es\/en\/big-data\/prescriptive-analytics\/\">Prescriptive Analytics<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.iic.uam.es\/en\/big-data\/prescriptive-analytics\/embed\/#?secret=VkQJ6mVFtZ\" width=\"600\" height=\"338\" title=\"&#8220;Prescriptive Analytics&#8221; &#8212; Instituto de Ingenier\u00eda del Conocimiento\" data-secret=\"VkQJ6mVFtZ\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/* ]]> *\/\n<\/script>\n","description":"[vc_row type=&#8221;full_width_section&#8221; top_padding=&#8221;-10&#8243;][vc_column width=&#8221;1\/1&#8243;][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][vc_row top_padding=&#8221;30&#8243;][vc_column width=&#8221;1\/1&#8243;][vc_column_text] What is Prescriptive Analytics? [\/vc_column_text][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text] In general, the data analysis techniques help us improve a business management. Firstly, Descriptive Analytics helps us understand the current state of the business more carefully, and secondly, Predictive Analytics contributes to estimate what we do not know.Finally, there is a third level of analytics that works as an extension of these processes: Prescriptive Analytics, which aims to be fully integrated with the business. [\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text] Prescription is based on the recommendations made by the analysis system itself on the actions that must be followed in order to reduce costs or improve benefits and increase ROI. Here are some examples of using Prescriptive Analytics to: [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row top_padding=&#8221;20&#8243;][vc_column width=&#8221;1\/2&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][\/vc_column][\/vc_row][vc_row top_padding=&#8221;20&#8243; bottom_padding=&#8221;40&#8243;][vc_column width=&#8221;1\/2&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][\/vc_column][\/vc_row][vc_row top_padding=&#8221;10&#8243; bottom_padding=&#8221;40&#8243;][vc_column width=&#8221;1\/1&#8243;][vc_column_text] Prescriptive Analytics contemplates not only the business data, but also how decisions impact on the costs and benefits, and which restrictions and considerations must be accounted for in the actions to be performed.\u00a0This allows generating automatically realist action policies, impacting directly the ROI of the business. [\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;full_width_section&#8221;][vc_column width=&#8221;1\/1&#8243;][\/vc_column][\/vc_row][vc_row bg_color=&#8221;#f7f7f7&#8243; top_padding=&#8221;40&#8243; bottom_padding=&#8221;20&#8243;][vc_column width=&#8221;1\/1&#8243;][vc_column_text] How does it work? [\/vc_column_text][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text] The Prescriptive Analytics discipline uses as a base the whole knowledge and techniques [&hellip;]"}