ST. LOUIS MISSOURI (Jan. 11, 2010) – Robert Palmer, managing director of Amitech Solutions, will present “The Art and Science of Predictive Analytics” at the quarterly meeting of the St. Louis Chapter of the Data Warehouse Institute (TDWI) professionals meeting at 8 a.m. on Jan. 29, at City Place Auditorium, 1 City Place Drive, Creve Coeur, Missouri. The event is free and open to all interested business intelligence and data warehouse professionals.

According to Palmer, “Businesses constantly operate under overwhelming conditions of uncertainty including changing customer preferences, swift technology advances, tough economic times and political upheavals. These changes take their toll. And, although businesses are aware that these changes are happening, they spend much of their time analyzing historical data without much regard to what is coming next.”

Palmer’s presentation will outline how businesses can use forecasting and analytics to make “deliberate decisions” to shape the future.  He will discuss forecasting and analytics methods that allow decision makers to accurately predict the probability of and quantify outcomes specifically related to using “what if” analysis, and analytics to reveal hidden relationships, patterns and potential areas for improvement. Decision makers then can use this information to determine the probable sources of growth or decline, profitability or loss, and define where the business might focus its resources.

Those attending Palmer’s presentation will be able to:

1. Learn the value of forecasting
2. See real examples of how “Decision Tree” and “Monte Carlo” have been used for planning and risk mitigation
3. Learn how to leverage forecasting and analytics to define key performance indicators and generate robust strategic plans

“Robert is one of the leading experts in the region on predictive analytics, and I think the members of TDWI and others who attend this presentation will come away from this session with a better understanding of how predictive analytics can be used to create effective long-term business strategies,” said Amit Bhagat, president of Amitech Solutions.

In addition to his role as managing director of Amitech Solutions and co-founder of the Cardiac Services Consulting Group, Palmer has developed numerous business valuation predictive models. He has extensive business valuation experience related to the medical field, technology services, and financial sectors. He holds a Masters of Business Administration with a specialization in finance from Washington University in St. Louis, Olin School of Business, and a bachelor’s degree in business administration with an emphasis in finance from Regis University. He is an adjunct faculty with the Hatchery Program, Skandalaris Center for Entrepreneurial Studies at Washington University in St. Louis, Olin School of Business, and a frequent lecturer on matters of valuation, business planning and modeling.

About Amitech Solutions
Founded in 1999 and headquartered in St. Louis, Amitech Solutions is a management and consulting firm that specializes in collaborating with clients from various industries to find ways to increase performance and operational efficiency by creating and deploying customized solutions to meet their unique needs. Amitech Solutions is a leading provider of business intelligence and analytics, data warehousing and integration, IT counseling, and outsourcing services. For more information, visit www.amitechsolutions.com.

About the Data Warehouse Institute Quarterly Meeting

TDWI AGENDA

Friday, Jan. 29, 8 a.m. – Noon
City Place Auditorium
1 City Place Drive
Creve Coeur, MO 63141

This event is free and open to all interested business intelligence and data warehouse professionals. Breakfast will be provided.

For more information, visit http://tdwichapters.org/StLouis