Our Work
Predictive Modelling Consultancy
- Do you know what’s going to happen in the future? We’ll combine your data with our predictive modeling abilities to help you figure out what’s most likely coming around the corner. This will allow you to forecast more accurately, formulate better plans, see the impact that different scenarios might have on your business, and make adjustments more quickly as things change.
- Predictive analytics requires the use of historical data which has to be cleaned and parsed before any analytics algorithms can be used to analyze the data.
- Predictive analytics also requires a great deal of domain expertise for the end results to be within reasonable accuracy levels and this would involve enterprise employees working alongside AI vendors or consultants.
- A typical collaboration for an AI predictive analytics project might last around 2-3 months. Prediction results would incrementally become more accurate over time after the integration is complete.
Predictive Analytics in Supply Chain Management
Challenge: One area which is often neglected is the back office operations. Poorly maintained inventory is every retailer’s nightmare. The company’s sales were declining every year, and they had the wrong inventory in their stores (shortages in some stores and overages in others where the merchandise was not going to sell).Supply chains need to be optimized in order to increase operational efficiency.
Solution: Predictive analytics helps answer questions such as what to store, when to store, and what and when to discard. Stocking up on slow moving products or running out of popular ones are both problems. Such insights optimize performance and reduce costs. We used predictive analytics and machine learning methods to forecast the sales of every product in every store more accurately. We then leveraged these more accurate forecasts to build a system that recommended transferring units of specific products from stores where they had a low probability of selling to stores where they had a much higher probability of selling.
Services Provided: Business performance analysis, predictive analytics, optimization, process automation.
Outcome: Improved forecasting accuracy by 25%. Profit optimization by applying smart strategies of accurate purchasing and distribution of inventory. Thus, predictive analytics removes this uncertainty or any purchase simply based on a hunch.
Enhanced Customer Targeting and Marketing Efficiency
Challenge: The client wanted to become more efficient with their marketing by focusing their marketing efforts on customers that were most likely to purchase season tickets for entertainment and sports events and had the highest likelihood of spending the most amount of money on them.
Solution: We helped our client to analyze the customer data they had, identify predictive features in their data, develop likelihood-of-purchase, affordability models using predictive analytics and machine learning, and automated the process by which their best prospects were identified.
Services Provided: Data analysis, predictive analytics, machine learning, process automation
Results: The company was able to improve their customer targeting resulting in significantly more efficient use of their marketing budget.
Enhanced Operational Visibility and Decision-Making
Challenge: The client want in-depth visibility into their operations beyond basic financial statement reporting. Product team expects guidance on which features of their content offerings were most engaging with their audience.
Solution: We cleaned and analyzed their data, organized it intuitively and put together a series of financial, operational, and product dashboards that communicated performance and insights from a variety of different perspectives.
Services Provided: Business performance analysis, product and content analysis and reporting.
Results: Greater visibility into their operations. Creative action to identify issues when they arise and correct them in a timely manner. Enhanced insight and the effectiveness of their product offerings. Enhanced capability to make informed decision