Where in your business process can analytics and AI play a contributing role in enhancing your decision making capability? At the information interpretation stage. As a framework for understanding where analytic and AI opportunities may arise, the simple diagram below illustrates the relationships between data, information and knowledge, and how
If you're looking for advice on developing an analytics strategy, there's no shortage of resources, including this from SAS: Building your data and analytics strategy. If, on the other hand, you're looking for advice on how to apply analytics to strategic planning, your search has likely to come up wanting.
There's been a lot of hype regarding using machine learning (ML) for demand forecasting, and rightfully so, given the advancements in data collection, storage, and processing along with improvements in technology. There's no reason why machine learning can't be utilized as another forecasting method among the collection of forecasting methods
