The New Generative AI Copilot Sets a New Standard in Predictive
Modeling and Macroeconomic Analysis
SUNNYVALE, Calif., July 18,
2024 /PRNewswire-PRWeb/ -- Prevedere, a leading
global intelligence and technology platform for external insights
and predictive analytics, today announced the general availability
of its updated generative AI functionality. This latest advancement
significantly expands the platform's previous AI capabilities by
providing expert-level insights on leading external drivers and
predictive models and offers a customized Generative AI Copilot
that has been designed to simplify the process for business users
to more easily approach forecasting and decision-making.
Prevedere's Generative AI Copilot empowers
executives, analysts, and functional teams with immediate,
expert-level context on external drivers influencing their ongoing
actual and predicted future performance.
Milwaukee Tool Among Prevedere Customers That Benefit from Gen
AI Expansion
"Our customers have already recognized the benefits of leveraging
the new innovative Gen-AI solution," said Rich Wagner, CEO of Prevedere. "Since our
initial rollout of AI features in 2023, we have been recognized as
a leading forecasting and planning platform for leveraging Gen-AI
to streamline our user experiences and enhance the forecasting and
planning process."
The new features have already delivered tangible benefits for
Prevedere's customers. Brad Sayers,
Vice President of Demand Planning at Milwaukee Tool, noted that the
new Gen AI feature surpassed all his expectations for Gen AI within
a forecasting and planning platform, and sees the ways it will
benefit the company's needs for planning within a large enterprise
organization.
Unrivaled Capabilities with Generative AI
The new Generative AI Copilot stands out with its unique features,
empowering executives, analysts, and functional teams with
immediate, expert-level context on external drivers influencing
their predictive models. This sophisticated AI tool:
- Informs users about which external drivers to consider in their
predictive modeling.
- Clearly explains predictive models with the expertise of an
economist and data scientist.
- Relates customer outcomes to current and future macroeconomic
conditions by market.
Enhanced Features Across Key Modules
Prevedere now leverages Generative AI across its Search, Discover,
and Predict modules, delivering unparalleled insights and enhancing
user experience:
- Search Module: Users can uncover relevant external drivers
quickly and efficiently, guided by the AI's expertise.
- Discover Module: Business users gain comprehensive context on
how historical and future events impact their specific indicators,
significantly speeding up decision-making.
- Predict Module: The AI explains complex predictive models,
making sophisticated econometric analysis accessible to all
users.
Customer-Centric Development
Developed closely with industry leaders, Prevedere's new
functionality addresses the growing need for fast, accurate, and
actionable intelligence. According to a recent survey, 72% of CEOs
consider generative AI a top investment priority. Prevedere
responds to this demand by integrating advanced AI capabilities
that enhance predictive planning and create significant user
value.
Executive Commitment to Innovation
Since the inception of its predictive capabilities, Prevedere has
been instrumental in enabling business leaders to make informed
decisions, mitigate risks, and identify new market opportunities.
The introduction of the Generative AI Copilot marks a significant
leap forward in forecasting technology, providing users with the
expert guidance necessary to navigate complex economic
landscapes.
Availability
The new Generative AI Copilot is now available to customers using
Prevedere's Predictive Planning platform and will be rolled out
across other products later this year.
For more information about Prevedere's Generative AI Copilot,
and to book a demonstration, visit http://prevedere.com.
About Prevedere
Prevedere is the world's leading provider of external insights and
predictive analytics solutions, combining technology and
econometric analysis to deliver actionable intelligence. The
Prevedere platform offers a patented approach to identifying
impactful external factors and constructing forward-looking models,
supported by the Global Intelligence Cloud with data from thousands
of external sources.
Trusted by industry leaders such as Kraft Heinz, Kimberly-Clark,
Cargill, and McDonald's, Prevedere delivers strategic insights for
superior risk mitigation and opportunity development. Learn more at
http://prevedere.com.
Media Contact: inquiries@prevedere.com
Media Contact
Neil Thomas, Prevedere, Inc.,
4084604031, nthomas@prevedere.com, prevedere.com
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SOURCE Prevedere, Inc.