This is the third part in an on-going series of Assessing Analytical Maturity – Are your Analytical efforts Viable? If you are new to this series, we recommend reading the first part here and the second part here. Our last post was dedicated to establishing the power of data and more so how ‘Data is the new oil’.… Continue reading Assessing Analytical Maturity – Part 3: The Role of Robust Data Infrastructure in Driving Organizational’ Analytical Maturity
Topic: Data Science Consulting
Common Mistakes Companies Make that Derail Their Analytics Solutions
“At our company, we derive 100% value from all our Advanced Analytics Efforts.”If you were to respond to this statement in just a ‘Yes’ or a ‘No”, can you give us a resounding ‘YES!’, with absolute certainty?Chances are, you cannot. And you can be assured, you’re not the only one. One of the biggest challenges… Continue reading Common Mistakes Companies Make that Derail Their Analytics Solutions
Impact of Technology in Covid 19: The Role of Big Data, AI and Other Tools in the Fight Against Coronavirus
The coronavirus outbreak is the current common cause for concern world over. While many have recovered from COVID-19, many lives have also been lost, given that, possible vaccines are still on clinical trial at the moment. As health professionals and government administrations brainstorm and pour efforts into eradicating the disease, here is a look at… Continue reading Impact of Technology in Covid 19: The Role of Big Data, AI and Other Tools in the Fight Against Coronavirus
The Growing Relevance of Digital Twin Technology in CPG Product Manufacturing: Best Practices and Use Cases
In the previous article of this series, we covered factors that paved the way for digital twin technology in CPG product manufacturing. We have elaborated about how digital twin models of manufacturing processes aid to draw discrete information that drives future courses of performance enhancements and quality control in the CPG product manufacturing framework. In… Continue reading The Growing Relevance of Digital Twin Technology in CPG Product Manufacturing: Best Practices and Use Cases
The Growing Relevance of Digital Twin Technology in The Current CPG Product Manufacturing Landscape
The cloning of prehistoric reptiles did not serve well to mankind in the silver screen. However, off reel-life, the real-life application of digital clones of products, services, and a whole process framework is surely opening new frontiers of innovation in the business space. With the National Research Foundation unveiling the digital twin of the urban… Continue reading The Growing Relevance of Digital Twin Technology in The Current CPG Product Manufacturing Landscape
Top 4 Real World Data Challenges (And Fixes) in the CPG Industry
Predictive and prescriptive CPG analytics are helping executives fish in vast data lakes and make the best catch with insights that truly move the needle of their business. However, is it as simple as it sounds? In one word – no. Apart from having to swerve aside from multiple organizational potholes that take the shape… Continue reading Top 4 Real World Data Challenges (And Fixes) in the CPG Industry
Pandemic Analytics in Banking and Financial Services Industry: Gauging the Economic Impact of COVID-19
Towards mid-April 2020, the Bank of America reported that “its quarterly profits dropped by 45 per cent from a year ago,” as a result of the coronavirus pandemic, and “the amount of money BofA set aside for loan losses nearly quintupled from a year ago, from USD 1.01 billion to USD 4.76 billion.” [1] While many governments… Continue reading Pandemic Analytics in Banking and Financial Services Industry: Gauging the Economic Impact of COVID-19
The Value of Analytics: Look Beyond the Price Tag
The definition of value in the dictionary refers to a noun form and a verb form, with two varied interpretations each: As a noun: The regard that something is held to deserve; the importance, worth, or usefulness of something. “your support is of great value” Principles or standards of behavior; one’s judgement of what is… Continue reading The Value of Analytics: Look Beyond the Price Tag
The 4As to Reinventing Retail and Supply Chain Systems in the New Normal: Part 1
Assess & Analyze how different businesses are dealing with pandemic disruption When coronavirus fears intensified around early March 2020, globally, consumers resorted to panic buying – the news was abuzz with the way people were stock-piling toilet paper rolls, sanitizers, and other essential products. However, in April, the trends changed again. Having stocked up, people… Continue reading The 4As to Reinventing Retail and Supply Chain Systems in the New Normal: Part 1
Will the Impact of COVID-19, Usher in the Reign of Frictionless Retail?
Retail shopping in a post-COVID-19 world is undergoing a sweeping transformation. Prior to the pandemic, supply chains were highly stressed as they were prioritizing cost competitiveness and relying on lower-cost labor locations, often compromising on pivotal supply chain determinants like flexibility and agility. In the aftermath of COVID-19, challenges to supply chain continuity and cost… Continue reading Will the Impact of COVID-19, Usher in the Reign of Frictionless Retail?