article thumbnail

Product Clustering Techniques in Demand Forecasting

DataRobot

Demand forecasting is a common Time Series use case in DataRobot. Using historical sales data, together with data related to product features, calendar of events, and economic indicators, we can produce forecasts of future demand. To improve the performance of such demand forecasting models, we can use several modeling techniques.

article thumbnail

How to build a successful talent acquisition strategy

IBM Big Data Hub

Talent acquisition refers to the ongoing strategy and process an organization and its HR department uses to source, attract, evaluate, hire and retain the highly-qualified new employees it needs to grow. A well-crafted talent acquisition strategy has become a critical component for organizations seeking to secure a competitive edge.

Insiders

Sign Up for our Newsletter

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

article thumbnail

You cannot develop a high-quality customer engagement strategy without trust

CIO Business Intelligence

Customers must have the trust and willingness to share data As enterprises continue to create new digital-first products and services, forecasting customer needs, preparing for potential issues, and building resilience is vital to sustaining trust. These require customer data.

article thumbnail

IT services spending signals major role change for CIOs ahead

CIO Business Intelligence

Analyst firm Gartner has released its 2024 worldwide IT spending forecast, and the topline is eyepopping: Overall IT expenditures are projected to grow 6.8% But the storyline CIOs should note from this year’s spending forecast is not about overall volume or uptick, or even whether generative AI is behind this year’s perky numbers (it isn’t).

IT 119
article thumbnail

The 2023 Supply Chain Crystal Ball: Challenges and Solutions

Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst

In this webinar, you’ll gain actionable insights from Olivia Montgomery as she walks us through Capterra’s extensive research on how businesses - notably SMBs - are addressing supply chain challenges in 2023. Forecasting techniques to manage inventory. Procurement strategies in response to network delays and bottlenecks.

article thumbnail

Analytics Insights and Careers at the Speed of Data

Rocket-Powered Data Science

Focus on the strategies that aim these tools, talents, and technologies on reaching business mission and goals: e.g., data strategy, analytics strategy, observability strategy ( i.e., why and where are we deploying the data-streaming sensors, and what outcomes should they achieve?).

article thumbnail

Financial planning & budgeting: Navigating the Budgeting Paradox

IBM Big Data Hub

Obsolete data and financial projections A budget, at its core, is a financial forecast. Using an old budget can result in inadequate hedging strategies, poor financial decisions, exposure to unfavorable currency fluctuations or misjudged credit risks. Rolling forecasts offer a constantly updated look at future performance.