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The post Predictive Analytics: Promising or Scary? “Big Data is both an over-hyped buzzword and a real trend,” writes Gregory Piatetsky (@kdnuggets), President of KDnuggets, “reflecting the … Continued. appeared first on Enterra Solutions. Artificial Intelligence Big Data Business Supply Chain Technology MORE
“What if you could predict what products or services your customers wanted before they did,” asks Dr. James Canton (@futureguru), … Continued. The post Predictive Analytics: Businesses’ Crystal Ball appeared first on Enterra Solutions. Artificial Intelligence Big Data Business Cognitive Computing Supply Chain Technology Enterra Solutions Stephen DeAngelis MORE
Chances are, if you’re in marketing, sales, or one of the more technical aspects of business, you’ve used predictive analytics in some part of your job. But your company doesn’t have to be a retail giant to use predictive analytics. using predictive analytics?built MORE
After the last two years, it’s no surprise that some might be hesitant to make predictions about the state of manufacturing, supply chains and digital transformation for the new year. So, let’s break these predictions down. MORE
That’s why spending on supply chain advanced analytics is on the rise. Analysts from River Logic write, “The importance of supply chain analytics is demonstrated by predictions that the market will grow at a CAGR of 17.3% Thanks to cognitive technologies and big data, predictive analytics allow decision-makers a peek into the future. Cognitive technologies and predictive analytics. ” Predictive analytics and future supply chains. MORE
Predictive analytics techniques allow organizations to identify patterns and trends hidden in their data to understand market trends, identify demand and establish appropriate pricing strategies. predictive analytics Supply chain analytics MORE
According to Supply Chain Digital Magazine, many manufacturers are falling behind with more than two-thirds of them being unable to provide data-driven analytical information to support their business decisions. MORE
The predictive analytics of the past are becoming more apt and intellectual, powering a new age in manufacturing. Additionally, major manufacturers are working to prioritize predictive analytics and use them to improve production. Let's take a look at the increase in utilization and implementation of predictive analytics in manufacturing and what it means for manufacturers. US and China Lead Prioritization of Predictive Analytics in Manufacturing. MORE
Today, in addition to those activities, new analytical tools are available to help business leaders predict what could happen in the future. Petro goes on to predict companies failing to grasp the future risk ending up in history’s dustbin. ” Types of analytics. Predictive analytics — the type of analytics to which Petro refers — are one of four types of analytics now available to enterprises. Descriptive analytics. MORE
Predictive Modelling or Predictive Analytics is a carefully worked-out process that pursues to foretell episodes or after-effects by evaluating models likely to forecast outcomes. supply chain predictive risk management MORE
Project44, a leader in real-time visibility of the global supply chain, announced on Thursday it has acquired ClearMetal, a San-Francisco based supply chain planning software company that focuses on international freight visibility, predictive planning and overall customer experience. MORE
Between rising consumer demand, supply shortages, and growing economic concerns, shippers are faced with disruption from every possible angle, leaving many questions unanswered. How do you effectively mitigate risk and build a resilient supply chain MORE
Enter predictive analytics. The amount of real-time data from multiple sources needed to optimize operations and move product quickly requires advanced, artificial intelligence–enabled technology. MORE
You may be familiar with the term predictive analytics – but have you ever stopped to ask yourself what it really means for your supply chain? Analytics help companies streamline process efficiencies and make sure important trends aren’t overlooked. MORE
As manufacturing companies become increasingly complex and begin leveraging more data, the role of advanced analytics in business planning processes is slowly becoming a necessity. Prescriptive Analytics Advanced Analytics predictive analyticsGartner's 2016 CEO Survey shows that 54% of CEOs claimed that their top strategic priority for the year was business growth. MORE
Data analytics technology has developed exponentially over the past few years due to the phenomenal increase of computer capabilities, algorithms and the emergence of easy to use, simple and user-friendly BI tools. Data analytics is widely explained in three approaches. Understanding and analyzing historical data (descriptive analytics), forecasting the future (Predictive Analytics), and thirdly decision-support (Prescriptive Analytics). MORE
To illustrate the point, a recent paper from Ventana Research on supply chain planning revealed issues that companies using spreadsheet planning have experienced, including: Prescriptive Analytics Supply Chain Advanced Analytics predictive analytics Supply chain analytics Supply Chain Planning supply chain analytics examples MORE
There is a lot of talk within the supply chain industry regarding the value supply chain predictive analytics. ” Unfortunately, supply chain predictive analytics remains subject to interpretation. A Primer on Analytics. MORE
Supply chain analytics is a fuzzy area for many. Lora Cecere tells the difference between predictive analytics, prescriptive and cognitive analytics. The post Predictive vs. Prescriptive vs. Cognitive Supply Chain Analytics appeared first on Blue Ridge. MORE
How can technology, specifically transportation management systems and predictive analytics, help shippers and third-party logistics providers (3PLs) excel in this area? Karen says, “Predictive analytics can help shippers and transportation companies to analyze past trends, including delivery times, quality and costs, to estimate future needs, to evaluate which couriers to use, and to reroute or change delivery times for better efficiency and service.”. MORE
With Christmas goods in stores before Halloween this year, I thought there was no reason that we shouldn’t also get a jump on 2022 predictions. The post Is it too Early For 2022 Predictions? Logistics Trends 2022 predictions logistics trends MORE
Prescriptive Analytics Supply Chain Optimization Integrated Business Planning predictive analytics MORE
This article comes from Vivek Vaid, CTO at FourKites, and examines how to predict accurate shipments ETAs. Predictive intelligence is a big deal these days. The post Editor’s Choice: 5 Ingredients for Predicting Accurate Shipment ETAs appeared first on Logistics Viewpoints. Business Intelligence Guest Commentary Transportation Artificial Intelligence Machine Learning predictive analytics MORE
Here’s your two-minute guide to understanding and selecting the right descriptive, predictive and prescriptive analytics for use across your supply chain. Looking at all the analytic options can be a daunting task. Descriptive Analytics : Insight into the past. Analytics MORE
A strained request from a marketing director for a software company ensued, “You did not list us in your analytics report, and we want to know why.” Had I been clear in the taxonomy of the recent supply chain analytics report?” In the 1990s when I was part of the software team at Manugistics, supply chain analytics was a synonym for reporting. Today, when you say the term analytics, the thought in many supply chain leaders is still “reporting.” MORE
The science and practice of predictive analytics is well established and rapidly gaining ground in the public and private sectors. Take a moment to read our extremely popular post on selecting the right descriptive, predictive, and prescriptive analytics here. MORE
Learn about: The categories of analytics How they relate to retail and supply chain What suppliers can do with that data. Well-balanced business development depends on descriptive, predictive, and prescriptive analytics data. . Analytics Continuum. Descriptive Analytics. MORE
The post Artificial Intelligence, Machine Learning, and Predictive Analytics in the Supply Chain appeared first on Kuebix. Blog Technology AI Machine Learning ML Predictive Analytics Supply Chain technology TMS transportationThe world of transportation and logistics management looks completely different than it did even 50 years ago. Gone are the days of pen and paper and jotting down haphazard notes when on the telephone with a carrier booking freight. MORE
One of the most recent tools being adopted by businesses is predictive analytics. As the introduction to an edited volume on the subject explains, “Predictive analytics is the art and science of proposed predictive systems and models. MORE
Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictive analytics. Leveraging predictive analytics is as close as business leaders will come to having a crystal ball. She writes, “Ask someone to draw ‘predictive intelligence’ as if they were playing a game of Pictionary. MORE
Data intelligence and predictive analytics are key terms in supply chain management today, but how do you harness these new technologies to deliver business value, especially in labor management? MORE
Predictive shipping analytics derived from freight data add value and enable more streamlined logistics. The post Improving Supply Chain Performance with Predictive Analytics appeared first on MercuryGate International. Blog Analytics TMS Journey TMS Selection MORE
Resilinc offers a predictive analytics tool that leverages AI to identify how a supplier will perform by analyzing past events and on time delivery data. Ready for a more predictive and resilient supply chain? Predictive Analytics Proactive risk mitigation MORE
The shrewd operators are leveraging these data to support predictive analyses with the goal of achieving more accurate planning and execution of logistics as product moves through their supply chain. Here are four ways smart TMS users can harness the power of their data for predictive analytics. Predictive capabilities help shippers protect access to necessary support during critical seasonal times. Blog Collaborator Blog analytics big data data predictive analytics MORE
The Role of Digitisation and Analytics in Supply Chain Resilience. Analytics for Diversifying the Supply Base. A leading risk platform can fully automate risk assessment and procedures using data and analytics. The Role of Digitisation and Analytics in Supply Chain Resilience. MORE
Predictive analytics is a topic you are likely to hear a lot more about in the years ahead. Predictive analytics … Continued. The post Predictive Analytics becoming a Mainstream Business Tool appeared first on Enterra Solutions. Best Practices Big Data Business digital enterprise Digital Path to Purchase Supply Chain Technology MORE
Predictive Analytics Related Topics 
Logility
MARCH 13, 2020
Here’s your two-minute guide to understanding and selecting the right descriptive, predictive and prescriptive analytics for use across your supply chain. Looking at all the analytic options can be a daunting task. Descriptive Analytics : Insight into the past. Analytics
Logility
MAY 18, 2020
Chances are, if you’re in marketing, sales, or one of the more technical aspects of business, you’ve used predictive analytics in some part of your job. But your company doesn’t have to be a retail giant to use predictive analytics. using predictive analytics?built
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Enterra Insights
MARCH 9, 2022
One of the most recent tools being adopted by businesses is predictive analytics. As the introduction to an edited volume on the subject explains, “Predictive analytics is the art and science of proposed predictive systems and models.
Kuebix
DECEMBER 23, 2019
You may be familiar with the term predictive analytics – but have you ever stopped to ask yourself what it really means for your supply chain? Analytics help companies streamline process efficiencies and make sure important trends aren’t overlooked.
River Logic
MARCH 31, 2020
Predictive analytics techniques allow organizations to identify patterns and trends hidden in their data to understand market trends, identify demand and establish appropriate pricing strategies. predictive analytics Supply chain analytics
Logility
FEBRUARY 19, 2021
The science and practice of predictive analytics is well established and rapidly gaining ground in the public and private sectors. Take a moment to read our extremely popular post on selecting the right descriptive, predictive, and prescriptive analytics here.
Logistics Viewpoints
DECEMBER 2, 2021
With Christmas goods in stores before Halloween this year, I thought there was no reason that we shouldn’t also get a jump on 2022 predictions. The post Is it too Early For 2022 Predictions? Logistics Trends 2022 predictions logistics trends
Kuebix
NOVEMBER 14, 2019
The post Artificial Intelligence, Machine Learning, and Predictive Analytics in the Supply Chain appeared first on Kuebix. Blog Technology AI Machine Learning ML Predictive Analytics Supply Chain technology TMS transportationThe world of transportation and logistics management looks completely different than it did even 50 years ago. Gone are the days of pen and paper and jotting down haphazard notes when on the telephone with a carrier booking freight.
Enterra Insights
JULY 22, 2020
That’s why spending on supply chain advanced analytics is on the rise. Analysts from River Logic write, “The importance of supply chain analytics is demonstrated by predictions that the market will grow at a CAGR of 17.3% Thanks to cognitive technologies and big data, predictive analytics allow decision-makers a peek into the future. Cognitive technologies and predictive analytics. ” Predictive analytics and future supply chains.
Intelligent Audit
JANUARY 5, 2021
There is a lot of talk within the supply chain industry regarding the value supply chain predictive analytics. ” Unfortunately, supply chain predictive analytics remains subject to interpretation. A Primer on Analytics.
River Logic
MARCH 18, 2020
To illustrate the point, a recent paper from Ventana Research on supply chain planning revealed issues that companies using spreadsheet planning have experienced, including: Prescriptive Analytics Supply Chain Advanced Analytics predictive analytics Supply chain analytics Supply Chain Planning supply chain analytics examples
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River Logic
MARCH 10, 2020
According to Supply Chain Digital Magazine, many manufacturers are falling behind with more than two-thirds of them being unable to provide data-driven analytical information to support their business decisions.
Enterra Insights
APRIL 25, 2019
Today, in addition to those activities, new analytical tools are available to help business leaders predict what could happen in the future. Petro goes on to predict companies failing to grasp the future risk ending up in history’s dustbin. ” Types of analytics. Predictive analytics — the type of analytics to which Petro refers — are one of four types of analytics now available to enterprises. Descriptive analytics.
MercuryGate
SEPTEMBER 14, 2021
Predictive shipping analytics derived from freight data add value and enable more streamlined logistics. The post Improving Supply Chain Performance with Predictive Analytics appeared first on MercuryGate International. Blog Analytics TMS Journey TMS Selection
Supply Chain Brain
FEBRUARY 28, 2022
Between rising consumer demand, supply shortages, and growing economic concerns, shippers are faced with disruption from every possible angle, leaving many questions unanswered. How do you effectively mitigate risk and build a resilient supply chain
DynaSys
MAY 28, 2019
Data analytics technology has developed exponentially over the past few years due to the phenomenal increase of computer capabilities, algorithms and the emergence of easy to use, simple and user-friendly BI tools. Data analytics is widely explained in three approaches. Understanding and analyzing historical data (descriptive analytics), forecasting the future (Predictive Analytics), and thirdly decision-support (Prescriptive Analytics).
Supply Chain Collaborator
JULY 26, 2019
The shrewd operators are leveraging these data to support predictive analyses with the goal of achieving more accurate planning and execution of logistics as product moves through their supply chain. Here are four ways smart TMS users can harness the power of their data for predictive analytics. Predictive capabilities help shippers protect access to necessary support during critical seasonal times. Blog Collaborator Blog analytics big data data predictive analytics
River Logic
MARCH 6, 2019
Prescriptive Analytics Supply Chain Optimization Integrated Business Planning predictive analytics
Enterra Insights
APRIL 30, 2015
Predictive analytics is a topic you are likely to hear a lot more about in the years ahead. Predictive analytics … Continued. The post Predictive Analytics becoming a Mainstream Business Tool appeared first on Enterra Solutions. Best Practices Big Data Business digital enterprise Digital Path to Purchase Supply Chain Technology
SupplyPike
JUNE 24, 2020
Learn about: The categories of analytics How they relate to retail and supply chain What suppliers can do with that data. Well-balanced business development depends on descriptive, predictive, and prescriptive analytics data. . Analytics Continuum. Descriptive Analytics.
Talking Logistics
FEBRUARY 18, 2020
Data intelligence and predictive analytics are key terms in supply chain management today, but how do you harness these new technologies to deliver business value, especially in labor management?
River Logic
MAY 11, 2016
As manufacturing companies become increasingly complex and begin leveraging more data, the role of advanced analytics in business planning processes is slowly becoming a necessity. Prescriptive Analytics Advanced Analytics predictive analyticsGartner's 2016 CEO Survey shows that 54% of CEOs claimed that their top strategic priority for the year was business growth.
GlobalTranz
MARCH 16, 2016
The predictive analytics of the past are becoming more apt and intellectual, powering a new age in manufacturing. Additionally, major manufacturers are working to prioritize predictive analytics and use them to improve production. Let's take a look at the increase in utilization and implementation of predictive analytics in manufacturing and what it means for manufacturers. US and China Lead Prioritization of Predictive Analytics in Manufacturing.
Enterra Insights
AUGUST 3, 2016
“What if you could predict what products or services your customers wanted before they did,” asks Dr. James Canton (@futureguru), … Continued. The post Predictive Analytics: Businesses’ Crystal Ball appeared first on Enterra Solutions. Artificial Intelligence Big Data Business Cognitive Computing Supply Chain Technology Enterra Solutions Stephen DeAngelis
Enterra Insights
MARCH 24, 2015
The post Predictive Analytics: Promising or Scary? “Big Data is both an over-hyped buzzword and a real trend,” writes Gregory Piatetsky (@kdnuggets), President of KDnuggets, “reflecting the … Continued. appeared first on Enterra Solutions. Artificial Intelligence Big Data Business Supply Chain Technology
Enterra Insights
NOVEMBER 26, 2019
Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictive analytics. Leveraging predictive analytics is as close as business leaders will come to having a crystal ball. She writes, “Ask someone to draw ‘predictive intelligence’ as if they were playing a game of Pictionary.
The Logistics & Supply Chain Management Society
APRIL 26, 2022
The Role of Digitisation and Analytics in Supply Chain Resilience. Analytics for Diversifying the Supply Base. A leading risk platform can fully automate risk assessment and procedures using data and analytics. The Role of Digitisation and Analytics in Supply Chain Resilience.
Prophetic Technology
AUGUST 31, 2021
Predictive Modelling or Predictive Analytics is a carefully worked-out process that pursues to foretell episodes or after-effects by evaluating models likely to forecast outcomes. supply chain predictive risk management
The Supply Chain Journal
MAY 27, 2021
Project44, a leader in real-time visibility of the global supply chain, announced on Thursday it has acquired ClearMetal, a San-Francisco based supply chain planning software company that focuses on international freight visibility, predictive planning and overall customer experience.
Blue Ridge
JUNE 26, 2020
Supply chain analytics is a fuzzy area for many. Lora Cecere tells the difference between predictive analytics, prescriptive and cognitive analytics. The post Predictive vs. Prescriptive vs. Cognitive Supply Chain Analytics appeared first on Blue Ridge.
Logistics Viewpoints
JULY 30, 2020
This article comes from Vivek Vaid, CTO at FourKites, and examines how to predict accurate shipments ETAs. Predictive intelligence is a big deal these days. The post Editor’s Choice: 5 Ingredients for Predicting Accurate Shipment ETAs appeared first on Logistics Viewpoints. Business Intelligence Guest Commentary Transportation Artificial Intelligence Machine Learning predictive analytics
Resilinc
JANUARY 13, 2021
Resilinc offers a predictive analytics tool that leverages AI to identify how a supplier will perform by analyzing past events and on time delivery data. Ready for a more predictive and resilient supply chain? Predictive Analytics Proactive risk mitigation
QAD
JANUARY 11, 2022
After the last two years, it’s no surprise that some might be hesitant to make predictions about the state of manufacturing, supply chains and digital transformation for the new year. So, let’s break these predictions down.
Supply Chain Shaman
FEBRUARY 4, 2018
A strained request from a marketing director for a software company ensued, “You did not list us in your analytics report, and we want to know why.” Had I been clear in the taxonomy of the recent supply chain analytics report?” In the 1990s when I was part of the software team at Manugistics, supply chain analytics was a synonym for reporting. Today, when you say the term analytics, the thought in many supply chain leaders is still “reporting.”
Talking Logistics
JULY 2, 2018
How can technology, specifically transportation management systems and predictive analytics, help shippers and third-party logistics providers (3PLs) excel in this area? Karen says, “Predictive analytics can help shippers and transportation companies to analyze past trends, including delivery times, quality and costs, to estimate future needs, to evaluate which couriers to use, and to reroute or change delivery times for better efficiency and service.”.
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