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PREDICTION SYSTEMS

Would you like to forecast results and trends reliably and accurately? We’re here to help you.

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Current business forecasting methods rely heavily on simple predictions or employee assumptions. In fact, your company probably uses a host of Excel spreadsheets to make decisions that have a major impact on the organization’s operations. However, these methods contain many biases since forecasts are often based on individual instincts or on incomplete or even inaccurate information.

The advantage of prediction models is that they allow you to exploit the full potential of different data sources. Thus, by using your in-house data (e.g., data from your ERP system) and external data (e.g., weather, economic conditions), you will be able to obtain reliable, real-time predictions.

Statistics

On average, predictive maintenance reduces downtime by 70%

Source: Deloitte

70%
Around 69% of companies consider their forecasting efforts to be ineffective.

Source: Forbes

69%

From forecasting to predicting

   

You should implement forecasting systems within your company if you are looking for a solid foundation to make informed and even automatic decisions in the following areas: 

  • Demand planning
  • Financial resource planning
  • Inventory planning
  • Sales planning
  • Resource planning
  • Procurement automation
  • Predictive maintenance

If you’re ready to get started or want to know if you have the data needed to implement this type of AI, let us know, and we’ll look into it with you!

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Whether you’re in the initial phases of your digital transformation or are ready to deploy cutting-edge technology, we're here to help!

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