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Reference guide to build inventory management and forecasting solutions on AWS

AWS Big Data

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.

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Top 8 predictive analytics tools compared

CIO Business Intelligence

The tool builds heavily on business intelligence and reporting by treating predictions as just another column in the analytics presentation. One of the oldest statistics and business intelligence packages from SAS has grown stronger and more capable with age. More focused options are available for particular data sets.

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Chipotle’s recipe for digital transformation: Cloud plus AI

CIO Business Intelligence

Chipotle’s digital business in 2022 was $3.5 billion — magnitudes bigger than the $100 million to $200 million annual average before digital ordering processes were implemented in the business. Many restaurant chains, in contrast, are individually owned and operated as franchises.

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Databricks’ new data lakehouse aims at media, entertainment sector

CIO Business Intelligence

The data lakehouse is a relatively new data architecture concept, first championed by Cloudera, which offers both storage and analytics capabilities as part of the same solution, in contrast to the concepts for data lake and data warehouse which, respectively, store data in native format, and structured data, often in SQL format.

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How Etihad taps data science to optimise airline operations

CIO Business Intelligence

Despite the worldwide chaos, UAE national airline Etihad has managed to generate productivity gains and cost savings from insights using data science. Etihad began its data science journey with the Cloudera Data Platform and moved its data to the cloud to set up a data lake. Reem Alaya Lebhar. Martin Hammer.

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Dairyland powers up for a generative AI edge

CIO Business Intelligence

Melby pushed machine learning models into production very early at Dairyland, improving the cooperative’s weather forecasting capabilities and creating load management applications that “bent the curve” to best manage the company’s power load on peak days, the CIO says.

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The Very Group adopts a data catalog to better organize and leverage its online retail capabilities

CIO Business Intelligence

As a result, Pimblett now runs the organization’s data warehouse, analytics, and business intelligence. Establishing a clear and unified approach to data. Very has come full circle as a business built on catalog data, but it took some introspection in order to figure out the best way to get there.

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