Three Ways Predictive Analytics Provides Business Value
The ability to act upon insights is a key differentiator in today’s competitive marketplace. Data collected from an organization’s complex and interdependent IT systems — when correlated, classified and visualized — provides this differentiation.
Using smarter predictive analytics can help CIOs stretch their modernization budgets and increase operational availability by focusing on problematic components that support business-critical applications.
Predictive analytics leverages advanced data mining and statistical modeling techniques to learn key relationships between incidents and IT components within a specific environment. Organizations can use predictive analytics to execute what-if simulations to identify the impact of modernization actions on the infrastructure and determine which actions to take, thereby eliminating hours of tedious data work.
Predictive Analytics for Server Incident Reduction (PASIR), IBM’s intelligent analytics solution powered by IBM Services Platform with Watson, increases visibility and control over a distributed server infrastructure. The solution helps IT executives better manage their budgets for growth-oriented innovation by strategically applying analytics. Here are three ways that PASIR can provide business value to your organization.
1. Diagnose Issues
Identify problematic infrastructure components based on key factors such as asset type and purpose, age, utilization levels, incident type and incident frequency. PASIR includes a proprietary statistical model that automatically uncovers correlated relationships between predictor variables and server incidents based on historical data. This capability is used to identify the most problematic assets and environments, as well as the contributing factors. The executive-style dashboard established on a base of trusted asset, utilization and incident data is a critical component to monitor performance gaps between business applications and IT infrastructure.
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2. Evolve Your Management
Shift infrastructure management focus toward delivering higher availability and performance on a foundation of trusted information. PASIR helps CIOs accurately allocate their limited modernization dollars on problematic components supporting business-critical applications. It guides strategic modernization decisions, including migration to cloud, hardware refresh and resource upgrades, and it establishes baseline forecasts for availability improvement.
Assess the impact of alternative improvement options through integrated what-if scenarios. Integrated and dynamic what-if analysis helps senior IT decision-makers adjust assumptions and immediately see the impact on business decisions. This analysis also provides detailed reports to identify further opportunities.
Smarter predictive analytics such as those provided by PASIR help organizations drive more effective enterprise decision-making so they can allocate money to growth and innovation opportunities in support of their business, all while improving operational efficiency and availability.