This Is the third and final installment of a series of posts discussing promising use cases in retail and the benefits of adopting IoT technologies in 2019. What will be the ground-breaking new application of IoT and analytics that drives an epiphany and spurs widespread adoption? In previous posts, I discussed
In the oil industry you can make or lose money based on how good your forecasts are, so I’ve pulled together six papers that discuss different ways in which you can leverage analytics to optimize your output and more accurately predict your production performance. Written by employees at oil and
As a resident of Northern California, I was interested in learning more about the causes of wildfires. My area has recently experienced large fires that caused many residents to evacuate their homes and some who have even lost their lives. Last October there were more than 170 fires that burned
If you think machine learning will replace demand planners, then don’t read this post. If you think machine learning will automate and unleash the power of insights allowing demand planners to drive more value and growth, then this article is a must read.
Wherever there is uncertainty there has got to be judgment, and wherever there is judgment there is an opportunity for human fallibility. Donald Redelmeirer, physician-researcher Recently, I read a fascinating book titled The Undoing Project: A Friendship That Changed Our Mind by Michael Lewis (W.W. Norton & Company, 2017). Lewis
Just last week, Walmart announced that they'll be testing inventory management robots. These robots will cruise store aisles, scanning shelves to identify out-of-stock products and other issues. According Reuters, Walmart is testing these camera-equipped robots in a handful of stores, but plans to expand the test to 50 stores. We
Let me start by posing a question: "Are you forecasting at the edge to anticipate what consumers want or need before they know it?" Not just forecasting based on past demand behavior, but using real-time information as it is streaming in from connected devices on the Internet of Things (IoT).
Are you caught up in the machine learning forecasting frenzy? Is it reality or more hype? There's been a lot of hype about using machine learning for forecasting. And rightfully so, given the advancements in data collection, storage, and processing along with technology improvements, such as super computers and more powerful
The U.S. Marshals Service is the federal agency known for bringing wanted fugitives to justice. Often, the Marshals Service gets attention for these arrests, but once the publicity has died down they face a basic challenge --- where to put the individuals in their custody. The agency uses data to
Machine learning is taking a significant role in many big data initiatives today. Large retailers and consumer packaged goods (CPG) companies are using machine learning combined with predictive analytics to help them enhance consumer engagement and create more accurate demand forecasts as they expand into new sales channels like the
