Subscribe to Entrepreneur for $5
Subscribe

How to Make Predictive Analytics Work for Your Business

By
This story appears in the July 2014 issue of Entrepreneur. Subscribe »

Q: How can I incorporate predictive analytics into my business?

A: Say I run a pizza shop. If I knew exactly how many cheese, pepperoni or veggie pizzas I was going to sell on a given shift, I could have those ingredients on hand, and maybe even make them ahead of time, so the customers get their pies fast. And if I knew that half my customers order a large soda with their pizza, I could offer them a pizza/soda special to keep them coming back.

Continue Reading This Article—And Everything on Entrepreneur!

Become a member to get unlimited access to Entrepreneur.com for less than $1 per week* and support the voices you want to hear more from.*Billed annually at $49/year. Cancel anytime.