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Tag: Predictive Analytics

How Artificial Intelligence benefits companies and ups their game | Livemint

How Artificial Intelligence benefits companies and ups their game | Livemint

Predictive analytics, diagnostics and recommendations: Predictive analytics has been in the mainstream for a while, but deep learning changes and improves the whole game. Predictive analytics can be described as the ‘everywhere electricity’—it is not so much a product as it is a new capability that can be added to all the processes in a […]

T-Pro demystifies promotional sales data with predictive analytics | Dairy Reporter

T-Pro demystifies promotional sales data with predictive analytics | Dairy Reporter

Tapping into consumer behavior Consumers are basing their purchase decisions less on brand preference and more on other factors, according to Ziegler. “When you go into a grocery store or a CVS or Walmart, you buy things for a reason and some of those reasons are driven by price and the reduction of price,” Ziegler […]

How predictive analytics is changing the game for real estate agents | RealtyBizNews

How predictive analytics is changing the game for real estate agents | RealtyBizNews

Martin Morzynski, chief marketing officer with HouseCanary, a real estate data analytics firm, told RISMedia that predictive analytics can “help agents get better at their jobs because consumer’s expectations and questions and getting more precise.” “It brings a level of accuracy and granularity into the process that changes the game,” he added. There are other […]

Connecting the dots: the hybrid data management arena | Information Age

Connecting the dots: the hybrid data management arena | Information Age

Is hybrid data management now a necessity? De Souza: Absolutely. If you think about applications today, whether they be in manufacturing trying to do predictive analytics on the supply chain or optimise supply chains, or whether you’re talking about fraud detection in finance or insurance, or real-time dynamic pricing – these things don’t just need […]

Predictive Analytics: It’s Where Dealership Data Is Headed | Dealer Marketing

Predictive Analytics: It’s Where Dealership Data Is Headed | Dealer Marketing

Right price, right buyer Toward the beginning of the decade, dealer analytics came in the form of vehicle pricing tools, which allowed dealers to see vehicle pricing information within their markets and price the vehicles on their lots relative to their competition. Pricing analytics are fairly prevalent today, so we must focus on the next […]

Explore predictive analytics market global development trends 2017-2022 | WhaTech

Explore predictive analytics market global development trends 2017-2022 | WhaTech

Firstly, this report focuses on price, sales, revenue and growth rate of each type, as well as the types and each type price of key manufacturers, through interviewing key manufacturers. Second on basis of segments by manufacturers, this report focuses on the sales, price of each type, average price of Predictive Analytics, revenue and market […]

Get Predictive: The Keys To Achieving Data-Driven Personalization And Pricing | Retail TouchPoints

Get Predictive: The Keys To Achieving Data-Driven Personalization And Pricing | Retail TouchPoints

Pricing, Even When Predictive, Requires Context Many predictive analytics platforms are designed for price optimization, but in today’s world of deep discounts and markdowns, brands must prevent themselves from entering a race to the bottom. Effective pricing requires studying both pricing trends and the consumer’s potential action. With predictive analytics, brands can monitor consumer’s buying […]

Algorithms can be racist: Why CXOs should understand the assumptions behind predictive analytics | TechRepublic

Algorithms can be racist: Why CXOs should understand the assumptions behind predictive analytics | TechRepublic

Predictive analytics have long been a sought-after goal in business and public policy. A computer system that could consistently and accurately predict future events or model complex behavior on a massive scale is almost magical, and these algorithms have been employed to price our car and health insurance, and model what we’ll buy next when […]

How predictive analytics is about to change the face and profits of retail | The Economic Voice

How predictive analytics is about to change the face and profits of retail | The Economic Voice

But assuming retailers can optimize their range selection, buyers are still left with the decision of where to price each item and how deep to buy.  This is the true holy grail of retailing. “To address this challenge, at SoundOut we pulled in a team of data scientists – PhD and Masters students from the […]

Analytics ROI vs. the high cost of ignorance | Fast Casual

Analytics ROI vs. the high cost of ignorance | Fast Casual

It’s best then, if restaurateurs approach analytics by first asking themselves what their highest value questions are and then consider the many ways those questions might answered. Better still, restaurateurs should first consider what would be the most costly mistakes they might make in managing their businesses. Then consider what answers and information is needed to […]