Article by Jorge Berjano, Software Architecture at decide4AI. Every day we generate millions of data through our actions and interactions with different devices. In this hyper-connected era, technological ecosystems have had to evolve to adapt to this new paradigm of massive data, which the old systems could neither support nor process. As a result of…
Demand forecasting systems are a very helpful tool for advanced process planning and for combating uncertainty in coverage forecasting. But what do we mean when we talk about uncertainty? Uncertainty is present in each and every business. It is the impossibility of knowing with certainty how a situation, a project or a business strategy will…
What is more important when tackling an Artificial Intelligence project, the quality or quantity of data? We’ll tell you about it in this article. The data boom and the possibilities it offers About 2.5 trillion bytes of data are generated every day in the world. These figures have been increasing for years due to the…
In recent years, companies have focused their efforts on having platforms that help them capture and store large volumes of data. But it is now that efforts are focusing on adding value to these data by applying Advanced Analytics. Transport and logistics sector is not an exception. It is now that real value is being…
Today, no one questions that ‘Internet of Things’ (IoT) is transforming the model of the relationship between consumers and providers. And there is no industry that is not affected. For example, IoT helps the insurance industry to improve their relationships with customers. In 2016, companies invested 700 billion dollars in IoT (hardware, software or services) worldwide.…
Technological advances have sparked interest of operational excellence companies during the few last years and have created has a new era in assets management. This is the impression of a majority of executives and managers whose businesses are based on the asset maintenance. They consider the possibility of using and analyzing extensive amounts of data…
In a hyperconnected and data-driven world, sectors like logistics have to reinvent themselves and adapt to new technologies. Not doing this meant that they can not be competitive in the logistics industry today. To be competitive in the logistics industry today is not an easy job. Many processes, professionals, material assets, and more actors, variables…
The current state of the hotel sector The race to exploit the large amount of data stored by companies has been very uneven across industries. The hotel sector is possibly one of the sectors that has not taken advantage of the boost in analytics in recent years unlike others, such as the travel sector, where…
In this second post, we cotinue to explain the meaning of other analytic disciplines such as prescriptive analytics or cognitive computing.
Prescriptive analytics has a big potential to be a disruptive power in business. Along with predictive data, prescriptive analytics can contribute valuable knowledge about what can happen in the future and automate decision-making to achieve business goals.
In recent years, the use of certain terms to refer to new technology trends has become normal. We can find plenty of news on artificial intelligence (AI), machine learning, Big Data and advanced analytics, for example. But what does each of these terms mean? And, what do they mean in a business sense?