Blogs you may like to read!

Predicting Consumer Behavior with Machine Learning

So many of the world’s problems would not exist if we could predict the future. This holds true in almost every walk of life. For marketers, knowing what the customers want is pivotal. For decades, businesses have devoted precious working hours to try to get to know a prospective customer so that their next move can be anticipated.

The Role of Vibration Monitoring in Predictive Maintenance

Downtime and machine failure hurt the ROI of a business severely. Reactive and preventive approaches to maintaining vital machinery are on the verge of becoming antiquated. Over the past few decades, the use of predictive analysis for maintaining industrial machinery has gained popularity. One of the key indicators of the state of a machine that is widely used to facilitate Predictive Maintenance is vibration. Monitoring the vibration of machinery has become an essential component of all industrial operations.

Emerging AI and Machine Learning Trends in 2021

About 77% of all devices we use today employ Artificial Intelligence (AI) or Machine Learning (ML) in some form or the other. Even one of the most turbulent years in the last few decades hasn’t been able to put the AI and ML boom off course. Right before the pandemic, it was predicted that AI spending would increase to $97.9 billion in 4 years. However, the complications that followed have only accelerated the AI and ML uptake.

Predictive Maintenance in Industry 4.0: Expectations vs Reality

The IIoT-enabled evolution of the industry is imminent. The questions about Industry 4.0 have rapidly changed from “what” to “when”. One of the most promising gifts of Industry 4.0 is the metamorphosis of Predictive Maintenance. The ability to steadily capture and interpret behavioral data generated by machines has made predictive maintenance a crucial tool for all.

Recent Trends in Demand Planning and Forecasting

Demand planning and forecasting determine the present and future of businesses. A robust system would be able to align supply with demand. However, forecasting demand and executing a plan to meet it is no child’s play. The days of reactive demand planning are in the past. To succeed in the present market ecosystem, a robust planning and forecasting strategy is a necessity. 

What is the Next Big Thing in Predictive Maintenance?

After over a century of reactive maintenance, industries made a move towards preventive maintenance to reduce the hit on business when fundamental pieces of machinery had an extended downtime. With contention for the market and stakes rising exponentially, the manufacturing and asset management industry received a timely boost in form of predictive maintenance (PdM).

A Closer Look at How AI Optimizes Inventory Management

The lifeblood of a majority of B2C and B2B organizations is inventory. For online retailers, hospitality businesses, restaurants, last-mile supply chains, among others, being on top of their inventory is of paramount importance. Suboptimal inventory management leads to poor customer experience and retention.

Can the ROI value of Artificial Intelligence be Proven?

Artificial Intelligence has well and truly made itself an inseparable part of business strategies. Just 5 years ago, most of the organizations that had the means of using AI to its advantage, were quite apprehensive about its capabilities. A Gartner survey showed that in 2015, only about 10% of the organizations were utilizing or….

Artificial Intelligence: Where Promise Ends and Hype Begins

When you think of the term ‘Artificial Intelligence (AI),’ what comes to your mind? The next logical step for technology? An alternative to human capabilities? The impending issue of machines taking over human jobs? The narratives around the future of AI are so many that it is difficult to separate the real promises from hype.

Does Predictive Maintenance need to evolve in the Oil and Gas Industry?

Looking at the last two decades, Predictive Maintenance has carved an important place in the Oil and Gas industry. It is almost a natural progression for this industry to select data-driven advancement over growing operational costs, all the while optimizing maintenance planning and driving profitability. Since Oil and Gas organizations are industrial equipment-dependant in nature, machinery safety and efficiency become considerably important.

Is IIoT-enabled Predictive Maintenance in Industry 4.0 worth the hype?

As global businesses move on to adopt the doctrines of Industry 4.0, most industries are going through a radical transformation in terms of how they operate and maintain hardware/software assets. In Industry 4.0, advanced technology-based applications/platforms govern intelligent networking between humans and machines. The application of Predictive Maintenance is turning out to be a contributing advancement to this revolution.

Predictive Analytics, an approach towards optimizing Dynamic Pricing in the Transportation Industry

The transportation industry is continuously evolving parallel to the competitive market, moving at the speed of now. Transportation is no longer a mere service to deliver goods or for moving people from one place to another in exchange for a fee. The dynamics of pricing strategies have changed for both the passenger and commercial segments of the transportation industry with Predictive Analytics.

Can AI and Predictive Analytics be Game-Changers in Optimizing Marketing Campaigns?

Marketers regularly come across a wide range of data, both structured and unstructured, that can be utilized to plan and execute successful marketing campaigns. Artificial intelligence (AI) and Predictive Analytics takes campaign success to another level by introducing accuracy in planning, execution, and evaluation stages of a marketing campaign.

Predictive analytics to forecast patient census & capacity of healthcare systems

After the Covid-19 virus broke out in the world, hospitals and healthcare systems were struggling to predict patient volume, availability of hospital beds, and usage of ventilators for several months. With the rising number of Covid-19 patients, the task of proactively treating such a huge patient census is a daunting task even now.

Role of predictive analytics in social media to make more informed business decisions

Today is World Social Media Day 2020. Social Media has transformed how businesses sell or communicate with customers. For every business that has a social media presence, there is a treasure trove of audience data. Predictive Analytics can enable decision-makers to make informed business decisions based on data. 

How Predictive models can help in forecasting COVID-19 patient’s risks & outcomes based on past medical records?

Predictive Analytics model to forecast the likelihood of patients being tested positive for COVID-19, as well as the assessment of risk for Covid-19 patients based on past medical records. As the global healthcare machinery is crumbling under the increased demands for Covid-19 testing and treatment, the number of crises….

Predictive Analytics: Future of Agricultural Industry

In the post-COVID 19 world, demand for data-driven farming methods and predictive analytics in agriculture is projected to grow by 105% in 3 years. Why will there be such a hike in demand? More and more mass-scale farmers and agro-business owners are taking on precision farming methods supported by…

Data-related Limitations in Predictive Analytics

Predictive analytics has multifaceted capabilities that make implementing it even more complicated. When businesses mistake predictive analytics with the traditionally accepted analytics, they often hit obstructions. Most of these obstructions in Predictive Analytics are due to data-related limitations.

Predictive Maintenance: Benefits and Challenges for Manufacturers

Usage of Predictive Analytics in the maintenance of industrial machines has evolved manifolds over the last decade in the USA, but with the conceptualization of Industry 4.0, implementation of Internet of things (IoT)/ Industrial Internet of things (IIoT) and artificial intelligence (AI), manufacturing businesses are saving millions of dollars through predictive maintenance.

Are you losing sales revenue despite having robust Supply Chain and Inventory Management Processes during Covid-19?

The Covid-19 pandemic has opened up a can of worms for businesses which were not prepared for a global shock of this scale. This has brought out in the open several vulnerabilities of businesses with robust Supply Chain and Inventory Management Processes that have failed to handle demand planning in this crisis.

AI-backed Demand Forecasting Action Plan in a Pandemic

Optimizing Demand Forecasting Process in FMCG/Retail Businesses during the Covid-19 pandemic The outbreak of Coronavirus has affected millions of people and businesses globally. The fangs of its economic impact are quite visibly closing in on the FMCG and Retail…

Is brick-and-mortar retail shopping a thing of the past? Can data science still make it viable ?

Modern definitions of retail shopping have been completely revolutionized and are constantly bringing dynamic changes in the market. Brick-and-mortar retail can be defined as an establishment that operates from a physical storefront and differs from other common retailing methods such as mail-order catalogs and online shopping. 

Data-related Limitations in Predictive Analytics

Predictive analytics has multifaceted capabilities that make implementing it even more complicated. When businesses mistake predictive analytics with the traditionally accepted analytics, they often hit obstructions. Most of these obstructions in Predictive Analytics are due to data-related limitations.

Predictive Maintenance: Benefits and Challenges for Manufacturers

Usage of Predictive Analytics in the maintenance of industrial machines has evolved manifolds over the last decade in the USA, but with the conceptualization of Industry 4.0, implementation of Internet of things (IoT)/ Industrial Internet of things (IIoT) and artificial intelligence (AI), manufacturing businesses are saving millions of dollars through predictive maintenance.

Are you losing sales revenue despite having robust Supply Chain and Inventory Management Processes during Covid-19?

The Covid-19 pandemic has opened up a can of worms for businesses which were not prepared for a global shock of this scale. This has brought out in the open several vulnerabilities of businesses with robust Supply Chain and Inventory Management Processes that have failed to handle demand planning in this crisis.

AI-backed Demand Forecasting Action Plan in a Pandemic

Optimizing Demand Forecasting Process in FMCG/Retail Businesses during the Covid-19 pandemic The outbreak of Coronavirus has affected millions of people and businesses globally. The fangs of its economic impact are quite visibly closing in on the FMCG and Retail…

Is brick-and-mortar retail shopping a thing of the past? Can data science still make it viable ?

Modern definitions of retail shopping have been completely revolutionized and are constantly bringing dynamic changes in the market. Brick-and-mortar retail can be defined as an establishment that operates from a physical storefront and differs from other common retailing methods such as mail-order catalogs and online shopping. 

How Is AI Empowering Marketers In 2019

Any conversation about marketing today becomes less relevant without the inclusion artificial intelligence (AI)-touted as a panacea for data collection, analysis, and customer service, savvy marketers are using this to supplement human intelligence, rather than replace it. But what is AI- The simulation of intellectual processes in humans by machines is Artificial intelligence or AI. It is the system’s ability to accurately decipher external data, which will facilitate learning and put that learning to use to achieve specific goal and tasks through flexible adaptation.

Recent Updates

Recent Blog

Predictive Maintenance:
Benefits and Challenges for
Manufacturers

Why Enquete

Enquete is one stop shop
for your data driven
decision making.

Other Blog

AI-backed Demand Forecasting
Action Plan in a
Pandemic

Our Philosophy

Enquete offers smart predictive analytics solutions helping organizations to leverage data to achieve a
competitive edge.