Smart Data Collective

JUNE 11, 2019

One of the most fascinating big data industries is manufacturing. Manufacturing innovation has long been an integral piece of our economic success, and it seems that big data allows for great industry gains. Manufacturers are always looking for ways to make marginal improvements in their systems and how they operate.

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Manufacturing Analytics Big Data Data mining 93

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. from 2022 to 2028. As such it can help adopters find ways to save and earn money.

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Predictive Analytics Analytics Predictive Modeling Forecasting 143

CIO Business Intelligence

APRIL 5, 2022

For some, leveraging data and analytics tools is proving to be an effective way to address the challenges. But the latest analytics tools, powered by machine learning algorithms, can help companies predict demand more effectively, enabling them to adjust production and shipping operations.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

IBM Big Data Hub

JUNE 29, 2023

Manufacturing has undergone a major digital transformation in the last few years, with technological advancements, evolving consumer demands and the COVID-19 pandemic serving as major catalysts for change. Here, we’ll discuss the major manufacturing trends that will change the industry in the coming year. Industry 4.0

Manufacturing 57

Manufacturing Internet of Things Cost-Benefit Digital Transformation 57

Jet Global

DECEMBER 30, 2021

Many people use terms like “planning,” “forecasting,” “budgeting,” and “financial projection” somewhat interchangeably. When it comes to a plan vs forecast in particular, the line can be blurry. Let’s look at four key features that distinguish financial planning from forecasting: 1. Access Resource Now.

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Forecasting Recreation/Entertainment Sales Finance 98

Smart Data Collective

AUGUST 29, 2022

Did you know that 53% of companies use data analytics technology ? Machine Learning Helps Companies Get More Value Out of Analytics. There are a lot of benefits of using analytics to help run a business. You will get even more value out of analytics if you leverage machine learning at the same time. Predictive analytics.

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Analytics Predictive Analytics Machine Learning Insurance 114

DataRobot

JULY 22, 2021

Retailers, manufacturers, and pharmaceutical companies all have struggled to align production and stocking with rapid shifts in demand. Using machine learning in conjunction with existing business intelligence solutions can give retailers and manufacturers a much more accurate and realistic insight into future demand, even in uncertain times.

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Manufacturing Forecasting Machine Learning Data-driven 52

IBM Big Data Hub

APRIL 26, 2023

Jabil isn’t just a manufacturer, they are experts on global supply chain, logistics, automation, product design and engineering solutions. They are also interested and involved in the holistic application of emerging technologies like additive manufacturing, autonomous technologies, and artificial intelligence.

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Business Analytics Reporting Analytics Finance 80

Cloudera

SEPTEMBER 18, 2020

In Part Two they will look at how businesses in both sectors can move to stabilize their respective supply chains and use real-time streaming data, analytics, and machine learning to increase operational efficiency and better manage disruption. The 6 key takeaways from this blog are below: 6 key takeaways. Brent Biddulph: .

Manufacturing 83

Manufacturing IoT Forecasting Machine Learning 83

Rocket-Powered Data Science

OCTOBER 6, 2023

Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. How do predictive and prescriptive analytics fit into this statistical framework?

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Cloudera

SEPTEMBER 11, 2020

The ongoing disruption to critical supply chains in both the manufacturing and retail space has seen businesses having to respond quickly, turning to data, analytics, and new technologies to better predict and manage ‘real-time’ business disruptions. . Data and analytics. Supply-side. Automation opportunities.

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Manufacturing Forecasting Digital Transformation Sales 90

datapine

NOVEMBER 27, 2019

The rise of self-service analytics democratized the data product chain. Suddenly advanced analytics wasn’t just for the analysts. Businesses of all sizes are no longer asking if they need increased access to business intelligence analytics but what is the best BI solution for their specific business.

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Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Jet Global

JULY 11, 2019

With major advances being made in artificial intelligence and machine learning, businesses are investing heavily in advanced analytics to get ahead of the competition and increase their bottom line. We’ll explain what it is, how it works, and ways to start using demand forecasting with business intelligence software.

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Business Intelligence Forecasting Data Warehouse Predictive Analytics 72

DataRobot Blog

MARCH 10, 2022

As a result of these technological advancements, the manufacturing industry has set its sights on artificial intelligence and automation to enhance services through efficiency gains and lowering operational expenses. Time-Series Forecasting?—? Manufacturers are attempting to monitor their facilities in near real-time.

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Manufacturing IoT Machine Learning Forecasting 52

Jet Global

JULY 16, 2021

The results of the FSN’s Agility in Planning, Budgeting, and Forecasting (PBF) Survey 2021 analyzes the performance and agility of the PBF processes across over 500 organizations. They show that, on the whole, we forecast more quickly than we did four years ago, but that forecast accuracy has deteriorated. Consolidation.

Forecasting 52

Forecasting Recreation/Entertainment Snapshot Finance 52

CIO Business Intelligence

MAY 12, 2022

What are predictive analytics tools? Predictive analytics tools blend artificial intelligence and business reporting. But there are deeper challenges because predictive analytics software can’t magically anticipate moments when the world shifts gears and the future bears little relationship to the past. Highlights. Deployment.

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BizAcuity

MAY 7, 2019

To cater to these fast-changing market dynamics, the practice of demand forecasting began. Today, several businesses, especially those belonging to the FMCG sector, have sophisticated demand forecasting models in place, which help them stay ahead of the market. The Need For Demand Forecasting.

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Forecasting IT Sales Statistics 75

CIO Business Intelligence

APRIL 12, 2022

The supply chain havoc caused by the coronavirus pandemic has left an indelible mark on the minds (and businesses) of manufacturers, wholesalers, dealers and retailers. And it has quite some catching up to do – the smart manufacturing industry is set to grow from $250 billion in 2021 to $658 billion in 2029. Democratization of data.

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IoT Analytics Manufacturing Cost-Benefit 105

Cloudera

AUGUST 3, 2021

Accurate demand forecasting can’t rely upon last year’s data based upon dated consumer preferences, lifestyle and demand patterns that just don’t exist today – the world has changed. Advanced analytics empower risk reduction . Improve Visibility within Supply Chains. Digital Transformation is not without Risk.

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Analytics Digital Transformation Forecasting Risk 109

Jet Global

SEPTEMBER 22, 2021

Financial Forecast vs. Projection In a Nutshell : Projections outline financial outcomes based on what might possibly happen, whereas forecasts describe financial outcomes based on what you expect actually will happen, given current conditions, plans, and intentions. Financial Forecasts vs. Projections.

Forecasting 52

Forecasting Recreation/Entertainment Finance Reporting 52

Jet Global

JULY 20, 2021

The results of the recent FSN’s Agility in Planning, Budgeting, and Forecasting (PBF) Survey 2021 clearly shows how implementing rolling forecasts helps organizations to improve both forecast speed and accuracy. However, rolling forecasts are not something you can create and manage in spreadsheets. Consolidation.

Forecasting 52

Forecasting Recreation/Entertainment Snapshot Finance 52

IBM Big Data Hub

SEPTEMBER 19, 2023

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

Data Science 80

Data Science Data Analytics Prescriptive Analytics Analytics 80

Jet Global

MARCH 4, 2020

What Is A Manufacturing KPI? A manufacturing Key Performance Indicator (KPI) or metric is a well defined and quantifiable measure that the manufacturing industry uses to gauge its performance over time. Why Your Company Should Be Using Manufacturing Specific KPIs to Stay Competitive. How to Build Useful KPI Dashboards.

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CIO Business Intelligence

MARCH 18, 2024

Companies are using analytics to identify hazards and safety issues, while deploying a range of tools such as virtual collaboration and digital wellness apps to support a positive work environment. Firms are using smart sensors and drones, cloud technologies, ERP tools, and forecasting models to optimize supply chains and drive innovation.

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Manufacturing Forecasting Technology Software 114

AWS Big Data

APRIL 26, 2023

The BMW Group is headquartered in Munich, Germany, where the company oversees 149,000 employees and manufactures cars and motorcycles in over 30 production sites across 15 countries. The main requirement is to have an automated, transparent, and long-term semiconductor demand forecast.

Forecasting 124

Forecasting Manufacturing Data Lake Big Data 124

CIO Business Intelligence

JUNE 7, 2022

What is data analytics? Data analytics is a discipline focused on extracting insights from data. The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. What are the four types of data analytics?

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Jet Global

FEBRUARY 2, 2022

Forward-looking financial documents may include budgets, projections, forecasts, and pro forma financials. In a recent post , we covered the fundamental distinctions between forecasts and projections. Budgeting and forecasting, likewise, are somewhat different. What is a Forecast? So What Exactly is “Budget Forecasting”?

Forecasting 52

Forecasting IT Recreation/Entertainment Finance 52

CIO Business Intelligence

FEBRUARY 13, 2024

Oracle is adding new capabilities to its Supply Chain and Manufacturing (SCM) Fusion Cloud to help enterprises manage their logistics. Gartner forecasts that enterprise spend on supply chain execution (SCE) software will rise to $8.8 billion, according to the Gartner forecast made in late 2022. billion in 2021.

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Management Forecasting Machine Learning Business Intelligence 116

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.

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IBM Big Data Hub

OCTOBER 5, 2022

IBM Planning Analytics, or TM1 as it used to be known, has always been a powerful upgrade from spreadsheets for all kinds of planning and reporting use cases, including financial planning and analysis (FP&A), sales & operations planning (S&OP), and many aspects of supply chain planning (SCP). Then, everything comes together.

Analytics 52

Analytics Forecasting Predictive Modeling Manufacturing 52

CIO Business Intelligence

APRIL 30, 2024

IDC forecast shows that enterprise spending (which includes GenAI software, as well as related infrastructure hardware and IT/business services), is expected to more than double in 2024 and reach $151.1 over the 2023-2027 forecast period 1. 1 IDC forecasts spending on GenAI solutions will double in 2024 and grow to $151.1

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Forecasting Optimization Advertising IoT 97

Jet Global

MAY 23, 2024

Here, we discuss three ways you can monetize data with an embedded analytics investment. According to insightsoftware and Hanover Research’s recent Embedded Analytics Report , the overwhelming majority of development teams (84%) found generative AI to be the most important trend of the next five years.

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Analytics Reporting Software Predictive Analytics 52

bridgei2i

JULY 4, 2019

Increased Sell-Through Accuracy Using Forecasting Engine. The client, a Fortune 500 global enterprise technology hardware manufacturer, was generating about 50,000 different forecasts at a monthly level from its distributor network spread across 120 countries. Case study. Business Context. How BRIDGEi2i delivered value.

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Forecasting Manufacturing Machine Learning Enterprise 40

Jet Global

JULY 2, 2021

FSN’s most recent research, “Agility in Planning, Budgeting and Forecasting” , confirms and quantifies the compelling advantages of modernizing and digitizing the planning, budgeting, and forecasting process. In a nutshell, transformation leaders forecast more quickly and accurately and further out on the time horizon.

Forecasting 59

Forecasting Recreation/Entertainment Finance Reporting 59

Jet Global

OCTOBER 18, 2021

The “What” and “Why” of Demand Planning and Forecasting. To allocate assets effectively and operate more efficiently, supply chain managers have turned to the science of demand planning and forecasting. Demand forecasting is about predicting potential spikes or troughs in demand. Successful Demand Planning and Forecasting.

Forecasting 52

Forecasting Recreation/Entertainment Sales Finance 52

Sisense

MARCH 24, 2020

We provide actionable advice around how organizations, and ultimately the builders of data and analytic apps, are adapting to meet these changes. They understood the need to maintain momentum in their analytics program in the face of an overwhelming crisis. One area they refused to cut, however, was their business intelligence program.

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Analytics Sales Forecasting Business Intelligence 94

Jet Global

OCTOBER 1, 2019

With major advances being made in artificial intelligence and machine learning, businesses are investing heavily in advanced analytics to get ahead of the competition and increase their bottom line. We’ll explain what it is, how it works, and ways to start using demand forecasting with business intelligence software.

Business Intelligence 40

Business Intelligence Forecasting Data Warehouse Predictive Analytics 40