Remove Events Remove Forecasting Remove IoT Remove Optimization
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Is Data Analytics Ushering in the Modern Age of Weather Forecasting?

Smart Data Collective

Weather forecasting technology has grown from strength to strength in the last few decades. Gone are the days when you had to wait for the local news channel to share the weather forecasts for the next day. But if there’s one technology that has revolutionized weather forecasting, it has to be data analytics.

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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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Examples and uses of GIS

IBM Big Data Hub

Urban planning Governments use GIS data and GIS-based solutions for urban planning: zoning and land use projects, natural disaster and health event response, roadway system and building design, utility distribution, energy production, and waste and resource management.

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Streamlining supply chain management: Strategies for the future

IBM Big Data Hub

Effective SCM initiatives offer several benefits: Lower operational costs : By optimizing inventory levels , improving warehousing efficiency and streamlining order fulfillment processes, companies can save on storage, labor and transportation expenses.

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5G use cases that are transforming the world

IBM Big Data Hub

Currently, other transformational technologies like artificial intelligence (AI), the Internet of Things (IoT ) and machine learning (ML) require much faster speeds to function than 3G and 4G networks offer. As mobile technology has expanded over the years, the amount of data users generate every day has increased exponentially.

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AI, predictive analytics top list of hot technologies for banks

CIO Business Intelligence

Among the hot technologies, artificial intelligence and machine learning — a subset of AI that that makes more accurate forecasts and analysis as it ingests data — continue to be of high interest as banks keep a strong focus on costs while trying to boost customer experience and revenue. Gartner highlights AI trend in banking.

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Supply chain visibility in the energy and utilities industry

IBM Big Data Hub

However, maintenance inventory optimization is only part of the solution. safety equipment, parts for trucks, and raw materials for infrastructure), weather events, customer demand levels, and logistics can help prevent disruption in operations, too. Optimize spares inventories and consolidates across regions and distribution centers.