Retail supply chain structures are complex. Outliers at an SKU level are a norm rather than an exception. Supply chain teams must ensure the availability of the right number of products to the customers based …
Continue ReadingAnomaly Detection for Supply Chain Managers in Retail
You have the data. How do you make sense of it? The Internet of Things (IoT) is no longer a fancy marketing term thrown in to close a critical deal – it’s all around us. …
Anomaly detection system identifies outliers in data using mathematical models, correlates it various influencing factors and delivers insights to business decision makers. Real-time anomaly detection techniques have application in various industries like telecom, retail, fintech, …
Continue ReadingHow can retailers use real-time anomaly detection to increase sales
Anomaly detection is a monitoring mechanism, in which a system keeps an eye on important key metrics of the business, and alerts users whenever there is a deviation from normal behaviour. Conventionally, businesses use fixed …
While applications of AI cover a full range of functional areas, it is in fact in these two cross-cutting ones – supply-chain management/manufacturing and marketing and sales – where we believe AI can have the …
Continue ReadingBenefits of using real time AI and anomaly detection in retail
It’s shockingly easy to lose sight – and control. Following the much-hyped digital transformation that started a couple of decades ago, every business organisation is now data-driven. From the local grocer to commercial aircraft companies, …
Continue ReadingHow to make better business decisions with Data