Book review: Trifonov V.A., Ivanova O.P., Daneikin Yu.V. and Kozyrev M.M. Predictive analytics in the management system of single-industry towns. Opportunities and monitoring. Digitization and efficiency. Development and risk management: Monography

Abstract

The monograph substantiates that predictive insights can analyze signals, minimize risks of the erroneous innovative and managerial decisions when forming a strategy for the development of a single-industry town, choosing its smart specialization, since when predicting innovative transformations, it is important to collect, accumulate and process data for the buildup of competencies, including the implicit and non-codifiable (which in the theory of knowledge management are located at the top of the pyramid “data – information – knowledge – wisdom”), the selection of important information from the mass flow, detecting significant signals and their analysis. The authors propose to use the tools of predictive analytics to solve the issue of managing the development of single-industry towns, associated with the lack of tools for evaluating the effectiveness of ongoing programs for the creation of PSEDA, industrial parks, the use of various support measures, projects for diversifying the economy, and adjusting development programs for PSEDA in single-industry towns.