Revising an Outdated Business Model? Try Predictive Analytics

SOURCE: CNBC

The engines of a Swiss airliner on a recent trans-Pacific flight were being monitored by sensors sending back data to the offices of SAS, a global analytics provider.

At one point over the ocean, the information going to SAS turned life threatening.

“One of the engines was in trouble,” said Mike Newkirk, director of manufacturing and supply chain at SAS. “But because of the predictive analytics we were using, the plane was able to land safely in time and the engine was removed.”

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