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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. However, forecasting can be a complex process, and inaccurate predictions can lead to missed opportunities and lost revenue.

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How Your Finance Team Can Lead Your Enterprise Data Transformation

Alation

Today’s best-performing organizations embrace data for strategic decision-making. Because of the criticality of the data they deal with, we think that finance teams should lead the enterprise adoption of data and analytics solutions. They need trusted data to drive reliable reporting, decision-making, and risk reduction.

Finance 52
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12 data science certifications that will pay off

CIO Business Intelligence

Companies are increasingly eager to hire data professionals who can make sense of the wide array of data the business collects. The US Bureau of Labor Statistics (BLS) forecasts employment of data scientists will grow 35% from 2022 to 2032, with about 17,000 openings projected on average each year.

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Revolutionizing the consumer goods industry with integrated business planning

IBM Big Data Hub

However, their manual planning and budgeting process in spreadsheets posed several challenges, including lack of control, delayed data, poor execution, and the need for continuous follow-up with IT for actual data. They faced obstacles such as a prolonged budget process, manual forecasting, and no product profitability.

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How the BMW Group analyses semiconductor demand with AWS Glue

AWS Big Data

The main requirement is to have an automated, transparent, and long-term semiconductor demand forecast. Additionally, this forecasting system needs to provide data enrichment steps including byproducts, serve as the master data around the semiconductor management, and enable further use cases at the BMW Group.

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10 Examples of How Big Data in Logistics Can Transform The Supply Chain

datapine

To work effectively, big data requires a large amount of high-quality information sources. Where is all of that data going to come from? Domino’s Pizza, for instance, uses operational demand forecasting to deliver on its ‘ 30 minutes or less’ policy – a USP that has cemented the brand’s success in a saturated marketplace.

Big Data 275
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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

What is the difference between business analytics and data analytics? Business analytics is a subset of data analytics. Data analytics is used across disciplines to find trends and solve problems using data mining , data cleansing, data transformation, data modeling, and more.