Businesses can be managed most efficiently if the demand for their services / products is consistent or varies within a predictable range. However, the market is driven by large number of factors and thus fluctuations are inherent. This results into supply-demand gaps which negatively impact the business operations. But there is a way to bring method to this madness! If one carefully considers the past trends and tries to link them with business environment factors, the future demand can be forecasted. This helps businesses in getting maximum returns for themselves by adopting one or more of the following: increasing supply, increasing prices, reducing man-power, reducing inventory, launch campaigns, offer sales promotion, etc.
Being able to see the future and getting ahead of competition is possible with cutting edge machine learning tools and timely implementation of findings.
Retail, Automobile, Manufacturing, Services.