February 5, 2019
Overview
The Decline Reducer prescriptive dashboard allows you to quickly identify opportunities to recover revenue from declines. Add this insightful analytical tool to your toolbox by using this information on a routine basis.
The Decline Reducer dashboard is one of three "Prescriptive" dashboards in the Analytics suite. The purpose of these prescriptive dashboards is to give you actionable recommendations for specific areas of your business.
At first glance, the term "Prescriptive Analytics" can come across as being the latest buzzword but it's actually the next logical progression in the evolution of Analytics. In the diagram below, you can see where prescriptive analytics sits in relation to diagnostic and descriptive analytics. We hope that by seeing prescriptive analytics in this context, it will help you to gain a deeper understanding of how to most efficiently use analytics with your business.
Potential Actions
Use the Decline Reducer prescriptive dashboard to:
Increase success at recovering lost revenue related to declined transactions.
Data Elements & Measures
The following data elements and measures are shown on the Decline Reducer prescriptive dashboard. For comprehensive definitions of data elements and measures, please reference the Glossary of Measures.
Additional Resources
You may find the following Help Center articles relevant to Analytics helpful.