Businesses have always been keen to safeguard their interests and data in the best way possible. These concerns have been addressed through technological developments in data management. Data analysis has emerged as the best option for companies and organizations worldwide. Data analytics deals with the scrutinizing raw data to make inferences about the future of the organization. Prescriptive analytics is a branch of data analytics dealing with actions to the data provided to make the right decisions. Prescriptive analytics deals with mechanisms to give solutions to the crisis at hand. It deals with questions such as: What should be done? And why should it be done? Prescriptive analytics aims at providing the best decisions for the development of the organization. It incorporates artificial intelligence, expert system, optimum algorithm, and predictive analytic products. Prescriptive analytics is supplemented by human help, such as decision automation and decision support. Through this structural advantage, it becomes the most sophisticated analytical technology in the business world. Prescriptive analytical algorithm aid providing solutions for optimal time for execution and maximum modification actions for implementation for maximum profitability and minimized losses. Businesses that use this mode technology enjoy authentic recommendations. These are through the life cycle models that provide successive trend s in business growth. Model building deals with building up problems in the business from the information developed. In the second stage, model solving deals with providing probable prescriptions to the problem formed.
It deals with the approximation algorithm to solve quadratic problems to minimize the cost, optimize the price, and sustain the company in its production. The adapting model is the last step that deals with validating models that aim in authenticating models. This is done through verification of collected data and updating the factors standards of the stationary models. Through this technology, organizations can make the best decisions. It also provides recommendations for problems in the product market, pricing of products, and cost-cutting in production processes. Throughout the years, the world has been trying out ways to modify and increase efficiencies in the production processes. Robotics technology has dynamically evolved, providing sustainable solutions in every field involved. Robotics is part of automation technology that deals with designing, formation, and sustenance of machines that aid in mitigating work processes. The robotics technology works through complex software programming of devices to suit the field involved. They are programmed with sensors and grippers to work more efficiently than men. The business world has not been left out since this technology has been embraced widely in production processes. Every organization has a set of goals that define it to ensure it satisfies its purpose. Some of these goals include: creating jobs, reducing costs, maximizing output, and providing quality services. Although these goals are set, businesses have had a tough time in attaining them.
After the development of robotics technology, companies have been able to attain their goals more efficiently. Robotics in business development has enhanced the safety of data since more advanced tools have been made. Companies have enjoyed high output production since automated machines have been adopted, reducing fast wearing out. Through increased output, the value of products has risen, therefore raising the gross domestic product values. Through this technology, organizations have been able to cost cut the production cost. This is through less employed labor input, which is so costly for the organization to sustain. Robotic technology has also enhanced advanced research in areas that hinder development and growth. Through this research, managers in business can make suitable decisions and even solve complex problems. This technology has eased in the management of data by providing many safe database structures. Through monitoring devices supervising and tracking have been mitigated. Employing robots in the organization, the labor shortage, and unskilled labor are solved. These reduce the expenses for the organization to train their employees. Though this technology has been of great benefit, there also exist a few flaws involved. There have been developed destructive robots that can distort data and spy other organizations resulting in physical attacks and fatalities. Their adoption has led to mass discharging of employees hence increasing the rate of unemployment.