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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. However, forecasting can be a complex process, and inaccurate predictions can lead to missed opportunities and lost revenue. Finally, we can use Amazon SageMaker to build forecasting models that can predict inventory demand and optimize stock levels.

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Think Like a Data Scientist: The Importance of Building a Data-Driven Company Culture

Cloudera

We’ve all heard that data helps businesses make better decisions. This isn’t just speculation: research shows that companies who use data to drive decision making increase revenues by an average of more than 8%, are 23 times more likely to attract new customers, and are 19 times more likely to be profitable as a result. The good news?

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Epicor announces Grow portfolio to weave AI into ERP

CIO Business Intelligence

“We know the keys to realizing the full power of AI revolve around two important things: applying AI to a well-defined, practical business issue, and leveraging high quality data,” said Epicor chief product and technology officer Vaibhav Vohra, in a statement. Grow Inventory Forecasting, Grow BI, and Grow FP&A are generally available.

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Planning vs Forecasting: Four Key Differences

Jet Global

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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Building a culture of data-driven decisions and insights with IBM Business Analytics

IBM Big Data Hub

Organizations are managing and analyzing large datasets every day, but many still need the right tools to generate data-driven insights. Even more, organizations need the ability to bring data insights to the right users to make faster, more effective business decisions amid unpredictable market changes.

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How to calculate TCO for enterprise software

CIO Business Intelligence

The other side of the cost/benefit equation — what the software will cost the organization, and not just sticker price — may not be as captivating when it comes to achieving approval for a software purchase, but it’s just as vital in determining the expected return on any enterprise software investment.

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Generative AI use cases for the enterprise

IBM Big Data Hub

Demystifying generative AI At the heart of Generative AI lie massive databases of texts, images, code and other data types. This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Imagine each data point as a glowing orb placed on a vast, multi-dimensional landscape.