Case Study: a leading technology company improves scenario forecasting with Prevedere

Leading Technology Company - Customer Case Study

A leading technology company faced the challenge of creating accurate forecasts for 2021, as its historical demand models were no longer valid due to the pandemic and economic crisis. The company needed to quickly identify key economic drivers, build multiple economic scenarios, and integrate them into its planning process to maximize visibility and reduce risk. To address this, it partnered with Prevedere and its AI/ML forecasting solution.

Prevedere implemented its global data and AI/ML platform to rapidly identify leading indicators and build three distinct econometric forecast models. This provided the company with baseline, optimistic, and pessimistic scenarios for its North American division, which update continually. As a result, Prevedere delivered a highly accurate forecast for the region and significantly reduced the time required to gather external data and build economic scenarios.