Smart Data Collective

AUGUST 26, 2021

Weather forecasting technology has grown from strength to strength in the last few decades. Gone are the days when you had to wait for the local news channel to share the weather forecasts for the next day. But if there’s one technology that has revolutionized weather forecasting, it has to be data analytics.

Forecasting 130

Forecasting Data Analytics Analytics IoT 130

AWS Big Data

APRIL 11, 2023

Forecasting is another critical component of effective inventory management. Accurately predicting demand for products allows businesses to optimize inventory levels, minimize stockouts, and reduce holding costs. However, forecasting can be a complex process, and inaccurate predictions can lead to missed opportunities and lost revenue.

Forecasting 74

Forecasting Management IoT Data-driven 74

CIO Business Intelligence

FEBRUARY 12, 2024

Organizations with little or no cloud cost optimization plans rush into cloud technology investments,” according to Gartner. Conclusion Reducing cloud waste and optimizing cloud costs are critical to gaining competitive advantage in the cloud. It’s a complex challenge, and smart business leaders leave no opportunity unexplored.

Optimization 104

Optimization Cost-Benefit Digital Transformation Reporting 104

Jedox

JULY 30, 2020

Rolling forecasts are a specific type of financial forecasting that use existing data to help predict aspects of business performance throughout the year. In this blog post, we explain what’s unique about this type of forecasting, how it works and why more and more companies are opting for rolling forecasts.

Forecasting 89

Forecasting Finance Marketing Sales 89

KDnuggets

DECEMBER 7, 2022

Help optimize business processes by predicting future outcomes using time series forecasting techniques. Join other professionals and learn from leading experts Tim Januschowski and Jan Gasthaus in their live online course starting January 17.

Forecasting 83

Forecasting Optimization 83

Dataiku

JULY 8, 2020

Not only can organizations leverage data science and machine learning for things like time savings, more efficient processes, and cost optimization, but they can also use it for fully automated cash flow forecasting that can produce results precise enough for the modern enterprise and a changing environment.

Forecasting 109

Forecasting Machine Learning Data Science Optimization 109

IBM Big Data Hub

JULY 5, 2023

I have talked to guests who turned from being software experts to hardware experts, who went from working on Java compilers to developing AI-optimized mainframe chips, from research to consulting, and more.

Forecasting 53

Forecasting Software Consulting Optimization 53

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. Collecting Relevant Data for Conversion Rate Optimization Here is some vital data that e-commerce businesses need to collect to improve their conversion rates. One report found that global e-commerce brands spent over $16.7 billion on analytics last year.

Optimization 73

Optimization Data Analytics Analytics Data-driven 73

AWS Big Data

FEBRUARY 1, 2023

To further optimize and improve the developer velocity for our data consumers, we added Amazon DynamoDB as a metadata store for different data sources landing in the data lake. S3 bucket as landing zone We used an S3 bucket as the immediate landing zone of the extracted data, which is further processed and optimized.

Optimization 52

Optimization Forecasting Data Lake Metadata 52

Smart Data Collective

FEBRUARY 9, 2022

Luckily, there are a few analytics optimization strategies you can use to make life easy on your end. Helps you to determine areas of abnormal losses and profits to optimize your trading algorithm. Geometric trading patterns can help you forecast how markets will behave.

Visualization 132

Visualization Optimization Analytics Testing 132

Analytics Vidhya

AUGUST 29, 2022

Source: Canva Introduction With breakthroughs in machine learning, it’s common to witness companies using ML algorithm-based solutions to do fashion trend forecasting, spotting winning products, forecasting demand for new products, inventory optimization across the value chain, etc. Adding to this list, companies have […].

Forecasting 217

Forecasting Machine Learning Data Science Optimization 217

Jedox

NOVEMBER 23, 2021

The goal is to adopt an entrepreneurial mindset, make proactive decisions and to optimally support this with a professional, fully integrated S&OP solution. 5 steps to optimize S&OP performance. Step 1 – Product portfolio optimization based on strategic company goals. Figure 3: Top-down vs. bottom-Up product planning.

Optimization 72

Optimization Forecasting Sales Measurement 72

CIO Business Intelligence

FEBRUARY 1, 2023

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. It’s an issue that’s coming to the fore with the steady migration to the cloud.

Optimization 106

Optimization Cost-Benefit Consulting Strategy 106

CIO Business Intelligence

NOVEMBER 18, 2022

To optimize cloud investments, C-level executives are increasingly adopting cloud financial operations (FinOps). In this article, I’ll explore common cloud optimization and FinOps challenges and strategies for overcoming them. GDT can help your organization improve cloud optimization and FinOps maturity. Cloud Management

Optimization 90

Optimization KPI Key Performance Indicator Cost-Benefit 90

Jet Global

FEBRUARY 5, 2024

Improper load optimization: Often caused by inefficient planning and inadequate utilization of cargo space, leading to poor transportation efficiency such as half-full containers. Optimize for a greener future: Leverage insights to implement resource-saving technologies, optimize logistics, and source from sustainable suppliers.

Optimization 52

Optimization Operational Reporting Manufacturing Reporting 52

IBM Big Data Hub

AUGUST 7, 2023

This article, part of the IBM and Pfizer’s series on the application of AI techniques to improve clinical trial performance, focuses on enrollment and real-time forecasting. The ability to seize these advantages is one way that pharmaceutical companies may be able to gain sizable competitive edge.

Optimization 57

Optimization Forecasting Data-driven Strategy 57

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

by THOMAS OLAVSON Thomas leads a team at Google called "Operations Data Science" that helps Google scale its infrastructure capacity optimally. ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

DataRobot

APRIL 26, 2021

Demand forecasting is a common Time Series use case in DataRobot. Using historical sales data, together with data related to product features, calendar of events, and economic indicators, we can produce forecasts of future demand. To improve the performance of such demand forecasting models, we can use several modeling techniques.

Forecasting 59

Forecasting Sales Data-driven Modeling 59

Sisense

FEBRUARY 25, 2021

One of the most important applications of data is using it to forecast the future. This is where forecasting analytics can be a game-changer in the decision-making process. There is a massive need for forecasting analytics in this use case, but how does a theater use data to guide decisions? Data-driven forecasting decisions.

Forecasting 52

Forecasting Analytics Predictive Modeling Machine Learning 52

Dataiku

APRIL 11, 2022

The performance that supermarkets are able to manage and pull off every year, all year round, is quite remarkable. With customers that come in and out every day to purchase very different items, shelves get emptied at random rates, but a magical wand seems to almost always restock them on time.

Forecasting 59

Forecasting Optimization Management 59

Cloudera

DECEMBER 20, 2022

With the right insights, energy production from renewable assets can be optimized and better predict the future of supply and demand. This scenario suggests that in the not too distant future, there will be a large “long-tail” of producers that will have to be taken into account for any production forecasting model.

Optimization 81

Optimization Data Analytics Analytics Cost-Benefit 81

IBM Big Data Hub

JULY 25, 2023

This software, and the insights it provides, can help providers predict demand patterns, identify potential issues and optimize the distribution network. Optimizing your smart grid Smart grid technology has countless benefits, including increased grid efficiency and reliability and easy integration with renewable energy sources.

Optimization 59

Optimization Technology Measurement Cost-Benefit 59

Jedox

AUGUST 13, 2020

In our last post, “ Rolling Forecasts: The Pros and Cons ,” we looked at why rolling forecasts are used, when it makes sense to use them, and for whom. In our third and last post in this series, we give five tips for a successful implementation of rolling forecasts in your organization’s FP&A processes. .

Forecasting 52

Forecasting Risk Finance Software 52

Jet Global

JULY 11, 2019

One of those areas is called predictive analytics, where companies extract information from existing data to determine buying patterns and forecast future trends. This technology is being used in every industry, from banking to retail to determine customer responses or purchases, forecast inventory, manage resources, and even detect fraud.

Business Intelligence 72

Business Intelligence Forecasting Predictive Analytics Data Warehouse 72

Jet Global

JANUARY 19, 2024

In particular, we are regularly asked to tell stories with data; the rest of this article focuses on how we can optimize our data storytelling. Δ The post Optimizing Your Data Story appeared first on insightsoftware. This is why we have seen the recent rise in storytelling as a key skill for finance and FP&A professionals.

Optimization 52

Optimization Visualization Finance Reporting 52

Jedox

OCTOBER 15, 2019

This means more and more requirements to extract insight and value from data will be added to the areas of planning and forecasting. In particular, the creation of future-oriented scenarios as well as the preparation of corresponding business plans and forecasts. Strategy: Optimizing finance processes.

Optimization 52

Optimization Finance Forecasting Digital Transformation 52

IBM Big Data Hub

DECEMBER 19, 2023

Weather forecasting By using historical data, supervised learning algorithms can assist in the prediction of weather patterns. Analyzing recent data related to barometric pressure, temperature and wind speeds allows meteorologists to create more accurate forecasts that take into account changing conditions.

Machine Learning 69

Machine Learning Optimization Unstructured Data Sales 69

Smart Data Collective

APRIL 20, 2020

Corporations need data to forecast the market’s future and the recent drop in the price of fossil fuels have invigorated alternative energy projects globally. Analytics are helping the energy sector to optimize power generation and planning. Smart metering helps predict demand and forecasts what will be needed based on data.

Forecasting 95

Forecasting Uncertainty Big Data Marketing 95

Jedox

JUNE 24, 2021

Classic sales-support activities such as sales enablement, sales process development, sales training, sales analytics, sales metrics and sales forecasting are unthinkable without the above-mentioned data. Maximizing business value through improved collaboration is key to long-term optimization of marketing and sales operations.

Sales 94

Sales Marketing Optimization Metrics 94

Smarten

MARCH 23, 2020

These types of decision-making can be particularly dangerous to your business when they are applied to predicting and forecasting. Are you tired of using guesswork and opinions to make business decisions? Your business users do not need to have the skills of a data scientist or an IT staff member in order to do this work.

Predictive Analytics 52

Predictive Analytics Forecasting Predictive Modeling Analytics 52

datapine

MAY 2, 2023

You can use big data analytics in logistics, for instance, to optimize routing, improve factory processes, and create razor-sharp efficiency across the entire supply chain. This isn’t just valuable for the customer – it allows logistics companies to see patterns at play that can be used to optimize their delivery strategies.

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

Jet Global

JANUARY 31, 2022

In most companies, planning, budgeting, and forecasting processes are fairly well-established, but just because you’ve always done things a certain way doesn’t mean you can’t improve them. Monitor, Forecast, and Adjust. The idea of changing your approach to planning, budgeting, and forecasting may seem daunting.

Forecasting 52

Forecasting Recreation/Entertainment Finance Software 52

Smarten

JUNE 14, 2023

GPT-4 has a capacity of more than 175 billion machine learning parameters, and can support many types of tasks, e.g., answering questions, providing machine translation, summarizing text, time series forecasting, etc. If we are to safely and securely optimize its potential, GPT must be managed as it evolves.

Optimization 52

Optimization IT Digital Transformation Consulting 52

BI-Survey

MARCH 16, 2021

Corporate planning and forecasting needs to be carried out efficiently, in shorter cycles and must be updated quickly for well-founded decision-making. Increasing dynamics demand adjustments to the corporate management process – as well as strategic planning and forecasting – to meet growing requirements.

Forecasting 52

Forecasting Management Uncertainty Predictive Modeling 52

BI-Survey

MARCH 16, 2021

Corporate planning and forecasting needs to be carried out efficiently, in shorter cycles and must be updated quickly for well-founded decision-making. Increasing dynamics demand adjustments to the corporate management process – as well as strategic planning and forecasting – to meet growing requirements.

Forecasting 52

Forecasting Management Uncertainty Predictive Modeling 52

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. Data Analyst Solomon Nyamson wrote an article on Linkedin pointing out that predictive analytics tools like Sarima have made it easier than ever to forecast retail sales due to seasonal changes.

Management 116

Management Analytics Predictive Analytics Cost-Benefit 116