/home/leansigm/public_html/components/com_easyblog/services<title>Risk Reduction In Modern Organizations</title>
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	<h1>Risk Reduction In Modern Organizations</h1>
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			<span class="post-date">May 12</span>

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				Posted by <a href="/forum/user/1103-naman-nanda">Naman Nanda</a>				in <a href="/resources/sigmaway-blog/analytics">Analytics</a>			</span>
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	<p>In a dynamic business environment every organization is seeking <strong>profit maximization &amp; risk mitigation approach,</strong> the article talks about the latter, in uncertain business environment business leaders at time of <strong>complex &amp; critical decision making</strong> take decision on the basis of intuition (gut feeling) rather than <strong>holistic analysis of situation.</strong> Even with data backed decisions there is a narrower approach attached in form of point estimates &amp; averages. In this article a new approach <strong>Prescriptive Analysis</strong> is used where business are simulating probabilities to reduce risk that helps in robust analysis. This approach gives us broader perspectives showing us a range of possibilities &amp; helps in better decision making.Read Full article at :-&nbsp;<a href="http://www.forbes.com/sites/gartnergroup/2016/03/24/use-prescriptive-analytics-to-reduce-the-risk-of-decisions/#465f9994785b">Target=_blankhttp://www.forbes.com/sites/gartnergroup/2016/03/24/use-prescriptive-analytics-to-reduce-the-risk-of-decisions/#465f9994785b</a></p>
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		<a href="/blog/tags/data-analytics-1">
		<span itemprop="keywords">Data analytics</span>
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		<a href="/blog/tags/prescriptive-analytics">
		<span itemprop="keywords">Prescriptive analytics</span>
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		<a href="/blog/tags/risk-management">
		<span itemprop="keywords">Risk Management</span>
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		<a href="/blog/tags/decision-making">
		<span itemprop="keywords">decision making</span>
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