Accurate demand forecasting is the bedrock of successful businesses, enabling them to optimize inventory, reduce costs, and exceed customer expectations. However, navigating the intricacies of SKU (Stock Keeping Unit) demand forecasting is no easy task. Shockingly, industry reports reveal that up to 70% of companies struggle with SKU demand forecasting, leading to costly inventory imbalances … Uncategorized
Accurate demand forecasting is the bedrock of successful businesses, enabling them to optimize inventory, reduce costs, and exceed customer expectations. However, navigating the intricacies of SKU (Stock Keeping Unit) demand forecasting is no easy task. Shockingly, industry reports reveal that up to 70% of companies struggle with SKU demand forecasting, leading to costly inventory imbalances … 
In today’s rapidly evolving manufacturing landscape, digital transformation has become a strategic imperative for organizations aiming to thrive in a highly competitive marketplace. The convergence of technology and industrial processes has given birth to the Industrial Internet of Things (IIoT), a network of connected devices, sensors, and systems that has the potential to revolutionize manufacturing … 
Reducing the volume of data transmitted for image classification is a crucial task, particularly when dealing with large quantities of images and the associated costs and network constraints. In our quest for an efficient and cost-effective solution, we have devised a comprehensive approach that leverages edge analytics and intelligent processing to minimize unnecessary data transmission. … 
AI for ESG (Environmental, Social, and Governance) is quickly becoming a critical tool for organizations seeking to become more sustainable. Sustainable investments were predicted to be worth $30 trillion in 2018, a 34% increase over 2016. Investors (and the general public) are increasingly interested in determining if and how enterprises are ecologically and socially responsible. … 
Low code no code platforms have revolutionized the software development industry recently. Gartner predicts that by 2024, 65% of app activity will result from no-code development. Further, the market for these platforms will grow to $26.9 billion by 2023, $3.8 billion up from 2017. The demand for low code, no code (LCNC) platforms is driven … 
Low code no code AI platforms function much like other LCNC platforms, allowing non-technical users to leverage AI. It employs a drag-and-drop interface that enables customers to personalize AI solutions with pre-built models and data connectors. No code platforms go a step further— users can create and deploy artificial intelligence models and applications without any … 
In today’s global economy, monitoring the complete supply chain is critical to gaining a competitive edge. Demand and output alter dynamically, making it essential for supply chains to enhance their operations and adapt to evolving client demand. In addition, effective supply chains should provide products and services in a timely, reliable, and cost-effective manner. … 
Toilet paper is perhaps the one phrase that sums up the pandemonium that was unleashed across several parts of the world when the COVID-19 pandemic first began to sweep across borders. Depending on where they were in the world, customers may associate another word with the supply chain disruption that characterized the pandemic in its … 
Demand planning is the practice of forecasting the demand for a product or service so it can better serve customers. Having the right amount of inventory without incurring shortages or spending money on surplus inventory is at the heart of demand planning. While it may seem unrealistic to expect businesses to consistently match their supply … 
A data silo is a store of data maintained by one division or team and isolated from the rest of the company. The phrase has agricultural origins and refers to the ideal circumstance in which grain and grass in a field “silo” are shielded from the weather. Within a business unit, however, siloed data …