{"id":14710,"date":"2019-02-27T11:00:30","date_gmt":"2019-02-27T19:00:30","guid":{"rendered":"https:\/\/www.palada.net\/index.php\/2019\/02\/27\/news-8459\/"},"modified":"2019-02-27T11:00:30","modified_gmt":"2019-02-27T19:00:30","slug":"news-8459","status":"publish","type":"post","link":"http:\/\/www.palada.net\/index.php\/2019\/02\/27\/news-8459\/","title":{"rendered":"Predictive Analytics Pilots That Work"},"content":{"rendered":"

Credit to Author: Guest Blogger| Date: Wed, 27 Feb 2019 16:36:43 +0000<\/strong><\/p>\n

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\"\"According to\u00a0Forbes<\/a>, \u201cDigital Transformation<\/a>\u00a0isn\u2019t a buzzword anymore. It\u2019s the way.\u201d In today\u2019s increasingly competitive marketplaces, every business is looking for an opportunity to exploit a new competitive advantage that helps combat their industry and market pressures. Numerous cutting-edge technologies promise to help overcome these pressures. With the adoption of digital transformation increasing across every industrial vertical, companies are looking to technologies like\u00a0predictive analytics<\/a>,\u00a0mobility<\/a>, and\u00a0augmented and virtual reality<\/a>\u00a0to uncover those advantages. The question then becomes \u2013 how do companies implement these technologies with minimal risk? The answer \u2013 Pilot Programs.<\/p>\n

A lot of the technology being introduced in industrial applications today may seem like magical black boxes that can only truly be understood and leveraged by data scientists. Take\u00a0Predictive Analytics<\/a>\u00a0for example. While that term is thrown around quite a bit in industry publications, a lot of companies may be struggling with how this technology can be implemented in a way that proves its value with minimal upfront investment. This is the perfect case for a pilot project. The concern that companies and vendors need to watch out for however, is a term being referred to today as pilot purgatory.<\/p>\n

Pilot Purgatory<\/strong><\/p>\n

Pilot purgatory may sound comical at first. But with all the hype and noise around digital transformation technologies like predictive analytics, machine learning and big data, pilots are often implemented at a snail\u2019s pace as users get up to speed on how the technology works and explore how it\u2019s applied to their specific use case. This can result in pilot programs that run for years instead of weeks or months. In fact a recent\u00a0McKinsey report<\/a>\u00a0notes that for Industrie 4.0 pilot projects:<\/p>\n