article thumbnail

ERP Integration Benefits Data-Savvy eCommerce for Distribution Industry

Smart Data Collective

These benefits include the following: You can use data analytics to better understand the preferences of your users and provide personalized product recommendations. Predictive analytics tools use market data to forecast trends and ensure e-commerce companies sell products that will be in demand.

B2B 109
article thumbnail

An Overview of Sales Analytics in Event Industry

BizAcuity

Sales Analytics in simple terms can be defined as the process used to identify, understand, predict and model sales trends and sales results and in this process of understanding of these trends helps its users in finding improvement points.

Sales 67
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PODCAST: COVID19 | Redefining Digital Enterprises – Episode 10: COVID-19 | Evolving Trends of Digital Transformation

bridgei2i

In the short run, this means they have to get their demand forecast right. Now, how do you use signals from a pre-COVID world to predict a post-COVID demand scenario? The leaders that I am talking to are really clearly focused on tackling these risks, and they’re thinking of intervention in some important areas.

article thumbnail

Top 10 IT & Technology Buzzwords You Won’t Be Able To Avoid In 2020

datapine

An exemplary application of this trend would be Artificial Neural Networks (ANN) – the predictive analytics method of analyzing data. An important part of artificial intelligence comprises machine learning, and more specifically deep learning – that trend promises more powerful and fast machine learning.