Advisory Services
We often partner with business executives and in-house Advanced Analytics and IT teams to help build and deploy world-class solutions, to build AI and Optimization portfolios of opportunity, and to improve their AI and Optimization capabilities and development processes. Representative services include the following.
Cost Benefit Analysis (CBA) of Advance Analytics Projects
Potential advanced analytics projects can range broadly in projected cost, potential benefit, duration, and technicality. Princeton Consultants’ CBA financially models the benefits, expenses and ROI of solution sets of opportunities and sensitivities.
The CBA is an essential strategic tool for business executives to assess, prioritize, green-light or halt advanced analytics projects. Based on decades of project experience, we employ a proprietary methodology to monetize benefits, identify and use major leverage points, and divide a project into independently cost-justifiable phases.
AI Project Risk Management
AI projects come with risk and many fail to progress from exploration into fully deployed production. For projects and opportunities, clients trust us to leverage best practices to research, discuss and address risks. Princeton Consultants has distilled “The Princeton 20” consisting of 20 scorable factors that describe the core challenges to successful AI deployment.
The Princeton 20 is divided into 10 business risk factors, such as the sponsoring executive and decision support culture, and 10 technical risk factors, such as the application novelty and speed. In every project, identified risks call for explicit, planned mitigation—we will work with your team and provide proven strategies and techniques.
Optimization Training
Our practice leaders conduct onsite or virtual training to in-house analytics teams seeking to upskill in Optimization. Training modules range from entry to advanced levels and address principles of and best practices in modeling techniques, integration and deployment, and customer-specific needs.
Thought Leadership
Our Optimization Practice leaders continually promote the understanding and usage of optimization through guest presentations at client and industry events and through onsite and remote programs with software partners.