article thumbnail

Perform time series forecasting using Amazon Redshift ML and Amazon Forecast

AWS Big Data

Many businesses use different software tools to analyze historical data and past patterns to forecast future demand and trends to make more accurate financial, marketing, and operational decisions. Forecasting acts as a planning tool to help enterprises prepare for the uncertainty that can occur in the future.

article thumbnail

AI adoption accelerates as enterprise PoCs show productivity gains

CIO Business Intelligence

Some prospective projects require custom development using large language models (LLMs), but others simply require flipping a switch to turn on new AI capabilities in enterprise software. “AI At Eaton, for example, an AI-based sales forecasting tool has the potential to boost productivity dramatically.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Generative AI usage gains traction among enterprises: McKinsey

CIO Business Intelligence

The usage of generative AI across enterprises is already widespread, although it is still early days for the new technology, according to a report from McKinsey’s AI consulting service, Quantum Black. Marketing use cases of generative AI, as per the report, included crafting text documents, summarizing documents, and personalized marketing.

article thumbnail

Generative AI use cases for the enterprise

IBM Big Data Hub

Streamline workflows with personalized content creation, tailored product descriptions and market-ready copy. The best option for an enterprise organization depends on its specific needs, resources and technical capabilities. Many marketing and sales leaders acted rapidly and are already infusing generative AI into their workflows.

article thumbnail

AI in Manufacturing

Manufacturers want to deliver the best products on the market as quickly and ethically as possible. In our AI in Manufacturing eBook, you can learn how to solve your most urgent manufacturing and business needs with an enterprise AI platform. How AI modernizes demand forecasting, supply chain, and predictive maintenance.

article thumbnail

Enterprise Architecture: Secrets to Success

erwin

For enterprise architecture, success is often contingent on having clearly defined business goals. This is especially true in modern enterprise architecture, where value-adding initiatives are favoured over strictly “foundational,” “keeping the lights on,” type duties.

article thumbnail

Conversational AI use cases for enterprises

IBM Big Data Hub

Enterprises can use NLU to offer personalized experiences for their users at scale and meet customer needs without human intervention. Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends.