CIO Business Intelligence

FEBRUARY 6, 2025

The hype around large language models (LLMs) is undeniable. Think about it: LLMs like GPT-3 are incredibly complex deep learning models trained on massive datasets. Even basic predictive modeling can be done with lightweight machine learning in Python or R. This article reflects some of what Ive learned. Ive seen this firsthand.

Unstructured Data 115

Unstructured Data Manufacturing Data Governance Sales 115

Dataiku

OCTOBER 4, 2021

Using RNNs & DeepAR Models to Find Out. Time series forecasting use cases are certainly the most common time series use cases, as they can be found in all types of industries and in various contexts.

Forecasting 138

Forecasting Deep Learning IT Sales 138

Smart Data Collective

APRIL 19, 2022

One of the most important is collecting revenue data to draft financial statements, forecast future sales and make decisions to address revenue shortfalls. After aggregating data, you can create a sales report with ODBC. Merging Excel with Data Mining Technology Can Help You Create Stellar Sales Reports.

Sales 122

Sales Reporting Data mining Forecasting 122

CIO Business Intelligence

DECEMBER 10, 2024

What success looks like can vary widely and range from reducing a call centers escalation rates, a food distributors sales order processing time, or a professional services companys new employee onboarding time, to an airline that personalizes customer communications or a media company that provides real-time language translation.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

Rocket-Powered Data Science

SEPTEMBER 20, 2021

For example, if I am searching for customer sales numbers, different datasets may label that “ sales ”, or “ revenue ”, or “ customer_sales ”, or “ Cust_sales ”, or any number of other such unique identifiers. The BI team may be focused on KPIs, forecasts, trends, and decision-support insights. What a nightmare that would be!

Data Science 286

Data Science Forecasting Business Intelligence Sales 286

CIO Business Intelligence

AUGUST 2, 2022

RPA embraces tech that will lead to hyperautomation.

Software 122

Software Forecasting Sales ROI 122

DataRobot Blog

DECEMBER 15, 2022

AI-powered Time Series Forecasting may be the most powerful aspect of machine learning available today. Working from datasets you already have, a Time Series Forecasting model can help you better understand seasonality and cyclical behavior and make future-facing decisions, such as reducing inventory or staff planning.

Forecasting 81

Forecasting Modeling ROI Machine Learning 81

AWS Big Data

AUGUST 7, 2023

Many businesses use different software tools to analyze historical data and past patterns to forecast future demand and trends to make more accurate financial, marketing, and operational decisions. Forecasting acts as a planning tool to help enterprises prepare for the uncertainty that can occur in the future.

Forecasting 98

Forecasting Data Warehouse Machine Learning Modeling 98

CIO Business Intelligence

MARCH 22, 2022

Nvidia is hoping to make it easier for CIOs building digital twins and machine learning models to secure enterprise computing, and even to speed the adoption of quantum computing with a range of new hardware and software. Nvidia claims it can do so up to 45,000 times faster than traditional numerical prediction models.

Modeling 144

Modeling Machine Learning Forecasting Optimization 144

Sisense

JANUARY 6, 2020

Nowadays, sales is both science and art. Best practice blends the application of advanced data models with the experience, intuition and knowledge of sales management, to deeply understand the sales pipeline. Why sales and analysts should work together. Why sales and analysts should work together.

Sales 91

Sales Forecasting Snapshot Management 91

Jedox

JULY 6, 2021

When considering the performance of any forecasting model, the prediction values it produces must be evaluated. An error metric is a way to quantify the performance of a model and provides a way for the forecaster to quantitatively compare different models 1. This is done by calculating suitable error metrics.

Forecasting 104

Forecasting Metrics Testing Modeling 104

Smart Data Collective

JANUARY 14, 2021

A lot of experts have talked about the benefits of using predictive analytics technology to forecast the future prices of various financial assets , especially stocks. Forecast the likely impact of the sizzle factor when the IPO takes off. Unfortunately, these models only offer so much value in the real world.

Predictive Analytics 115

Predictive Analytics Forecasting Analytics Machine Learning 115

Jedox

SEPTEMBER 29, 2021

Does it make sense to have a complete separation between your company goals, sales reps targets, and compensation models? In this blog post, we’ll look at how you connect the dots between Sales Performance Management and xP&A. What is Sales Performance Management? xP&A. Connecting the dots.

Sales 97

Sales Management Forecasting Risk 97

AWS Big Data

APRIL 11, 2023

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. The following diagram illustrates a sample architecture.

Forecasting 98

Forecasting Management IoT Data-driven 98

CIO Business Intelligence

OCTOBER 24, 2024

This spending on AI infrastructure may be confusing to investors, who won’t see a direct line to increased sales because much of the hyperscaler AI investment will focus on internal uses, he says. By 2026, hyperscalers will have spent more on AI-optimized servers than they will have spent on any other server until then, Lovelock predicts.

IT 133

IT Data-driven Recreation/Entertainment Experimentation 133

AWS Big Data

APRIL 24, 2025

Example Retails leadership is interested in analyzing sales data in Amazon S3 to determine in-demand products, understand customer behavior, and identify trends, for better decision-making and increased profitability. The table store_sales has the following schema.

Sales 88

Sales Data Lake Management Data-driven 88

Jedox

OCTOBER 29, 2021

From overarching sales targets to more specific sub-goals and milestones, how should they be defined? In this blog post, we look at sales targets and goal setting from different perspectives and discuss what to consider when defining them. Sales targets should always be planned bottom-up and top-down. Target market?

Sales 103

Sales Management Forecasting Marketing 103

CIO Business Intelligence

JANUARY 15, 2024

Sales statistics Two recent surveys concur that only a tiny minority of retailers have no plans to implement AI today. SAP draws on AI for new predictive capabilities SAP is targeting the desire for better demand forecasting with new composable tools being announced at NRF 2024.

Sales 105

Sales Software Forecasting Statistics 105

CIO Business Intelligence

JANUARY 9, 2025

According to Retail Doctor Groups latest research , Australian retailers demonstrate a sophisticated understanding of AI applications, particularly in personalisation, demand forecasting, and supply chain optimisation. Without data that is accurate, comprehensive, and adaptable to every customers intent, businesses risk being left behind.

B2B 105

B2B Cost-Benefit Data-driven Sales 105

Jedox

JUNE 24, 2021

This also affects the go-to-market processes in particular for the marketing and sales functions. A company’s web presence, which is usually designed by marketing, is becoming an increasingly important component in the sales process. Where marketing and sales converge. The evolution of marketing data.

Sales 95

Sales Marketing Optimization Metrics 95

datapine

MARCH 25, 2022

While some experts try to underline that BA focuses, also, on predictive modeling and advanced statistics to evaluate what will happen in the future, BI is more focused on the present moment of data, making the decision based on current insights. Now, BA can help you understand why did sales spike specifically in New York.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

CIO Business Intelligence

JANUARY 21, 2025

times compared to 2023 but forecasts lower increases over the next two to five years. With traditional OCR and AI models, you might get 60% straight-through processing, 70% if youre lucky, but now generative AI solves all of the edge cases, and your processing rates go up to 99%, Beckley says.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

datapine

NOVEMBER 27, 2019

Then, calculations will be run and come back to you with growth/trends/forecast, value driver, key segments correlations, anomalies, and what-if analysis. Predictive analytics is the practice of extracting information from existing data sets in order to forecast future probabilities.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. Models can be designed, for instance, to discover relationships between various behavior factors.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

DataRobot Blog

DECEMBER 6, 2022

Other organizations are just discovering how to apply AI to accelerate experimentation time frames and find the best models to produce results. Taking a Multi-Tiered Approach to Model Risk Management. Forecast Time Series at Scale with Google BigQuery and DataRobot. Data scientists are in demand: the U.S. Read the blog.

Experimentation 145

Experimentation Forecasting Data-driven Machine Learning 145

CIO Business Intelligence

JUNE 7, 2024

-based company, which claims to be the top-ranked supplier of renewable energy sales to corporations, turned to machine learning to help forecast renewable asset output, while establishing an automation framework for streamlining the company’s operations in servicing the renewable energy market.

IT 128

IT Forecasting Machine Learning Modeling 128

Domino Data Lab

MARCH 3, 2021

It’s often stated that nothing changes inside an enterprise because you’ve built a model. In some cases, data science does generate models directly to revenue, such as a contextual deal engine that targets people with offers that they can instantly redeem. But what about good decisions?

Metrics 93

Metrics Modeling Data Science Sales 93

CIO Business Intelligence

SEPTEMBER 12, 2024

Salesforce today released Agentforce, a new suite of low-code tools aimed at helping enterprises build autonomous AI agents for sales, service, marketing, and commerce use cases. Called “Copilot Actions” when released, these were a library of preprogrammed capabilities to help sellers benefit from conversational AI in Sales Cloud.

Sales 143

Sales Enterprise Optimization Cost-Benefit 143

David Menninger's Analyst Perspectives

NOVEMBER 7, 2024

AI is also making it easier for executives and managers to rapidly forecast, plan and analyze to promote deeper situational awareness and facilitate better-informed decision-making. Similarly, the sales planning functionality can provide a useful integrated summary of current sales plans that link to an enterprise’s system.

Forecasting 130

Forecasting Machine Learning Finance Predictive Analytics 130

datapine

SEPTEMBER 4, 2019

In the recent years, dashboards have been used and implemented by many different industries, from healthcare, HR, marketing, sales, logistics, or IT, all of which have experienced the importance of dashboard implementation as a way to reduce cost and increase the productiveness of their respected business. click to enlarge**.

Dashboards 263

Dashboards Analytics Key Performance Indicator Sales 263

Smart Data Collective

APRIL 10, 2020

Using these automated systems and AI robot machines , companies are better able to meet their sales goals. Smart Sales Predictions. One-way artificial intelligence is changing the industry is by providing smarter sales predictions. These smart sales predictions utilize AI to secure your supply chain.

Sales 144

Sales Visualization Marketing Software 144

CIO Business Intelligence

APRIL 5, 2022

First, Optimas is using data analytics internally for a number of functions, including material acquisition for manufacturing; forecasting of production and customer demand; improving efficiency and accuracy with ordering from suppliers; and managing its inventory. Finally, Optimas uses analytics to better collaborate with suppliers. “By

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. Data Analyst Solomon Nyamson wrote an article on Linkedin pointing out that predictive analytics tools like Sarima have made it easier than ever to forecast retail sales due to seasonal changes.

Management 130

Management Analytics Predictive Analytics Cost-Benefit 130

DataRobot Blog

OCTOBER 4, 2022

This has prompted AI/ML model owners to retrain their legacy models using data from the post-COVID era, while adapting to continually fluctuating market trends and thinking creatively about forecasting. Unlocking New Business Opportunities with AI Forecasting. Managing Through Socio-Economic Disruption.

Forecasting 59

Forecasting Sales Data-driven Modeling 59

CIO Business Intelligence

NOVEMBER 14, 2022

A DSS leverages a combination of raw data, documents, personal knowledge, and/or business models to help users make decisions. The data sources used by a DSS could include relational data sources, cubes, data warehouses, electronic health records (EHRs), revenue projections, sales projections, and more. Model-driven DSS.

Data mining 144

Data mining Data-driven Statistics OLAP 144

CIO Business Intelligence

MAY 21, 2024

Epicor Grow AI applications include multiple capabilities such as inventory forecasting, AI generated sales orders from emails, personalized product suggestions based on order history, predictive maintenance recommendations for fleets, and more, within the context of familiar Epicor products.

Forecasting 126

Forecasting Predictive Analytics Machine Learning Data-driven 126

CIO Business Intelligence

MAY 12, 2022

Drag-and-drop Modeler for creating pipelines, IBM integrations. A high level of automation encourages deploying these models into production to generate a constant stream of insights and predictions. Extras are priced by the sales team. Other combinations available from the sales team. On premises or in any cloud.

Predictive Analytics 137

Predictive Analytics Analytics Statistics Machine Learning 137