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Reference guide to build inventory management and forecasting solutions on AWS

AWS Big Data

Overstocking can lead to increased holding costs and waste, while understocking can result in lost sales, reduced customer satisfaction, and damage to the business’s reputation. Forecasting is another critical component of effective inventory management.

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How data from IoT devices is changing supply chain analytics

CIO Business Intelligence

That is changing with the introduction of inexpensive IoT-based data loggers that can be attached to shipments. The future of the supply chain is IoT-driven. Further, the tools and devices available on the market are proprietary and prone to vendor lock-in. Setting them up is a byzantine, time-consuming process.

IoT 100
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AI adoption accelerates as enterprise PoCs show productivity gains

CIO Business Intelligence

To keep up, Redmond formed a steering committee to identify opportunities based on business objectives, and whittled a long list of prospective projects down to about a dozen that range from inventory and supply chain management to sales forecasting. “We We don’t want to just go off to the next shiny object,” she says. “We

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Mulesoft, Tableau uptake fuels Salesforce growth spurt

CIO Business Intelligence

billion after stock market trading closed on Wednesday, the company beat the expectations of analysts, whose average forecast for the quarter was $7.99 The growth of AI as well as the internet of things (IoT) presents an opportunity for other Salesforce products, Benioff said. Posting revenue of $8.38

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Streamlining supply chain management: Strategies for the future

IBM Big Data Hub

Big data and predictive analytics are increasingly being used to improve forecasting accuracy, allowing businesses to respond more effectively to changes in customer needs. Advanced software tools can automate some parts of forecasting, providing real-time updates and alerts when inventory levels are too high or low.

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How can CIOs Build Business Value with Business Analytics?

Smart Data Collective

However, the rapid technology change, the increasing demand for user-centric processes and the adoption of blockchain & IoT have all positioned business analytics (BA) as an integral component in an enterprise CoE. This sales/marketing funnel can consume insights from BA to predict the probability of upselling. Conclusion.

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Advanced Data Analytics for the Smart Retailers

BizAcuity

Inventory and distribution management: This becomes more challenging for omnichannel since it calls for an integrated view across multiple points of sale. Current trends show retailers experimenting with emerging technologies like Predictive Analytics and IoT. It does not end with a good WMS or ERPS platform in place.