Prescriptive Analytics System for Performance Indicator Deviation Prediction

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Solution Overview

Problem

Businesses face challenges in predicting and managing performance indicators (PIs) that deviate from established criteria, leading to potential problems or opportunities that require timely and optimal adjustments to maintain business process compliance.

Innovation Solution

The system employs Prescriptive Analytics techniques to predict future deviations in PIs, allowing for the identification of influencers and projection of outcomes, enabling the determination of desirable future actions to maintain compliance with business criteria through data acquisition, relationship analysis, and optimization algorithms.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If businesses monitor performance indicators at multiple time intervals to detect deviations, then the ability to detect problems early is improved, but the complexity of data collection and analysis increases

Engineering Contradiction:
Improveability to detect deviationsVSAvoiddata collection and analysis complexity
Core Design Contradiction:
ReliabilityVSDevice complexity

Solution Approach 1:

The patent segments performance monitoring into multiple time intervals (e.g., real-time, daily, weekly, monthly) with different metrics appropriate for each interval. This allows the system to detect deviations at appropriate granularities without overwhelming complexity, as each time interval focuses on specific critical metrics rather than all possible metrics simultaneously.

Inventive Principle:
Principle #1Segmentation

Solution Approach 2:

The system performs preliminary actions by establishing baseline performance criteria and thresholds in advance. Deviation detection algorithms are pre-configured to automatically identify when metrics fall outside acceptable ranges, enabling early problem detection without requiring complex real-time analysis of all performance data.

Inventive Principle:
Principle #10Preliminary action

2Productivity

If the system uses optimization algorithms to determine desirable future actions, then the quality of decision recommendations is improved, but the computational resources and time required increase

Engineering Contradiction:
Improvedecision qualityVSAvoidcomputational time
Core Design Contradiction:
ProductivityVSLoss of time

Solution Approach 1:

The optimization algorithms focus on identifying partial or key adjustments needed rather than optimizing all possible business parameters. The system determines desirable future actions for critical influencers that have the most significant impact on performance indicators, rather than attempting to optimize every variable, thus reducing computational burden while maintaining decision quality.

Inventive Principle:
Principle #16Partial or excessive action

Solution Approach 2:

The system uses feedback mechanisms where optimization results are continuously refined based on actual performance outcomes. Historical data on which recommendations led to successful performance improvements is fed back into the optimization algorithms, enabling faster and more accurate recommendations over time without increasing computational complexity.

Inventive Principle:
Principle #23Feedback

3Measurement precision

If the system analyzes relationships between influencers and performance indicators to predict deviations, then the accuracy of predictions is improved, but the data processing requirements increase

Engineering Contradiction:
Improveprediction accuracyVSAvoiddata processing volume
Core Design Contradiction:
Measurement precisionVSQuantity of substance

Solution Approach 1:

The system applies local quality by analyzing relationships between influencers and performance indicators selectively rather than universally. Different levels of analysis depth are applied to different metric pairs based on their importance and historical correlation strength. High-impact influencer-indicator relationships receive more detailed analysis while less critical relationships use simplified models, reducing overall data processing requirements.

Inventive Principle:
Principle #3Local quality

Solution Approach 2:

The system changes parameters by adjusting the granularity and depth of relationship analysis based on performance needs. During normal operations, the system uses aggregated historical data with lower processing requirements. When deviations are detected or during critical periods, the system increases analysis depth and data volume to improve prediction accuracy dynamically.

Inventive Principle:
Principle #35Parameter changes

Data Source

PatentUS8738425B1Apparatus, system and method for processing, analyzing or displaying data related to performance metrics
Publication Date: 2014.05.27 DATAINFOCOM USA INC
  • US8738425B1 patent drawing
  • US8738425B1 patent drawing
  • US8738425B1 patent drawing

AI summary

A method of determining a set of future actions includes providing an interface to a user, the interface including an adjustable element associated with a future value of an influencer. The influencer is associated with an action. The method further includes receiving via the interface an adjusted future value of the influencer, projecting a future value of a performance indicator based at least in part on the adjusted future value of the influencer, and providing a results interface to the user indicative of the future value of the performance indicator.