Business Case Analysis (BCA) relies on the ML models built by Analytics Engines using current data. The BCA Prescriptive Analyses compare alternative future scenarios to achieve optimized outcomes. The goal of BCA is to specify a preferred course of action, recommend a decision, or provide business decision support information.
The BCA Prescriptive Analytics rely on ML-trained models known as MRO Digital Twin (MDT) to optimize the impacts of possible decisions and provide value-added recommendations. Mitek Analytics builds MDT parts from data using its AI/ML Analytics Engine application products. At the same time, Business Case Analysis is provided as service. It uses up-to-date integrated MDT models to set up and analyze customer-specific business scenarios to help realize desirable business outcomes. BCA simulations and analysis of their results usually have to be adapted to specific business cases.