Blogs you may like to read!

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.

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