A supplier’s predictive analytics case studies can be useful, but they should not be the only reason you trust them with a project. You also need to understand how they will define the business problem, assess your data, build and govern the model, and support it after launch.
A proposal should cover much of this, but important details often need to be asked directly. These eight questions can help you compare providers and reduce the risk of problems during delivery or after the solution goes live. Why predictive analytics projects can run into trouble before delivery starts
A proposal can be presented with a clear delivery plan and expected outcome. But those plans may rely on assumptions about your data, business processes or users that have not yet been tested. If those assumptions prove wrong, they can delay delivery or make the solution harder to adopt once it is live. A good supplier should have a process for testing them early.
As a buyer, you can protect your organisation from poor-quality delivery by asking them to explain their process before agreeing to a full implementation. The eight questions below cover areas that can have a significant impact on whether a predictive analytics project succeeds.
We assume that you are familiar with what predictive analytics can do for a business. If not, Eunoia’s guide to predictive analytics covers the fundamentals and use cases by sector, and we recommend reading it first.