How Is Machine Learning Revolutionizing Supply Chain Management Supply chain management is a complex medley of processes in which even a slight lack of visibility or synchronization can lead to enormous losses and overheads. But with the recent developments in AI & machine learning, we can now harness historic and real-time supply chain data to
How Big Data And AI Are Aiding The Fight Against PandemicsThe world is currently living through one of the worst pandemics of the century. Since the first reported case in Wuhan, China, of the Coronavirus, or COVID-19 as it is now known, the virus has spread to 166 countries with the number of global COVID-19
Advanced Analytics For Insurance Industry: 6 Major Use CasesThe insurance industry is a high-risk sector. Navigating through tricky claims procedures, pricing and promotion, mitigating risks, cash repression, natural perils, ensuring compliance are some of the toughest problems that pose the industry. Traditionally, Insurance companies have long been dependent on statistics and data to drive their
How To Use Big Data For Improving Driver SafetyRoad traffic accidents claim more than 1.25 million lives a year, which costs most countries about 3% of their GDP and remains the leading cause of death of people between the ages of 15 and 29, a report by World Health Organization (WHO) claims.The WHO has undertaken a mighty
Key Essentials Of Modern Business IntelligenceThe Growing Importance of DataThe global big data market is forecasted to grow to about 103 billion U.S. dollars by the year 2027 – StatistaIt’s quite evident that we currently live in a time where there is a constant influx of information. Data continuously flows from a plethora of internal and
The 2 Major Causes Of Out-Of-Stock Situations & How To Prevent ThemStockouts are consistently a dread for retailers and CPG companies. It isn’t just that they lead to lost sales, but they also increase operations costs and result in reduced customer satisfaction and loyalty. Customers obviously feel rather annoyed and disappointed when they can’t find