Three data-driven strategies to mitigate inflation risk in the CPG industry The looming threat of COVID inflation As the world becomes better prepared to fortify itself against new waves of the pandemic, assessing the long-term impacts of this historic global event remains a necessity, particularly as every industry attempts to bounce back to pre-COVID levels… Continue reading How CPG Businesses are Utilizing Data to Mitigate Inflationary Risk
Topic: Data Science Consulting
Total Cost Optimization: Leveraging Analytics to Optimize CPG Supply Chain Costs
Cost-efficiency focused: The current state of supply chains As shifts in procurement and sourcing costs result in increased supply chain expenditure, CPG leaders across the world have had to re-evaluate their long-held unit-based pricing strategy. Now, with 47% of consumers switching to click-and-collect services to buy consumer packaged goods and brand loyalty taking a hit… Continue reading Total Cost Optimization: Leveraging Analytics to Optimize CPG Supply Chain Costs
Redefining Risk Management for Resilience in Volatile Times
In the current economic climate, it’s evident that traditional methods of assessing credit risk are no longer adequate. To address the challenges of today’s volatile market, this white paper provides insights into assessing individual creditworthiness, employing innovative loan defaulter classifications, and evaluating applications based on groundbreaking parameters, offering a holistic approach to mitigating credit risk.
How Hyper-Personalization Is Shaping Patient Support Programs
This article discusses the shift from service-focused healthcare models to patient-centric approaches and emphasizes the importance of hyper-personalization in patient support programs (PSPs). It highlights the potential of hyper-personalization in improving financial aid services, increasing patient adherence through proactive communication, and enhancing healthcare literacy.
Improving Patient Outcomes with Precision Medicine
The impact of precision medicine on healthcare The rapid adoption of precision medicine It is a well-known fact that consumer demand for more personal experiences is reshaping multiple industries, and the healthcare industry is no exception. The pandemic has caused a massive change in consumer health expectations: it has hastened the transition to 24/7 care,… Continue reading Improving Patient Outcomes with Precision Medicine
3 Retail Store Trends that are Redefining Physical Shopping
How AI helped reinvent brick-and-mortar retail in 2021 With the exponential growth of e-commerce, the sentiment that physical retail was ‘done’ first surfaced a few years ago. Catalyzed by the disruptive impact of the pandemic, this situation nearly came to be. From corner stores to specialty stores and hypermarkets, the ‘Retail Apocalypse’ [1] seemed to… Continue reading 3 Retail Store Trends that are Redefining Physical Shopping
4 Ways to Achieving Recovery & Growth in the Hospitality Industry
The global smart hospitality market has been estimated to grow to a valuation of $4132 billion by 2025 [1] – and while the predominant contributors to this growth have been streamlined revenue management, improved marketing automation, and better third-party integration, among others, factors such as improved customer experiences, better customer retention, reductions in operational costs, and access to… Continue reading 4 Ways to Achieving Recovery & Growth in the Hospitality Industry
AI Assemble! Top 7 Advantages of AI for Assembly Lines
As digital transformation has become a necessity rather than a choice across industries in recent years, the question of how traditionally labor- and machinery-intensive industries can leverage the latest technology has been raised as well. Where does manufacturing stand when it comes to the new wave of digitalization? With smart factories expected to grow at… Continue reading AI Assemble! Top 7 Advantages of AI for Assembly Lines
Digital Twins in Pharma: Shaping Next-Gen Drug Innovation & Manufacturing
Digital twins have recently seen increased adoption as process assistants in the pharmaceutical industry, providing online and real-time access to historical and current data, helping simulate future products and processes, and enabling manufacturers to gauge process efficacy. With drug manufacturing being lengthy and complex, and with attendant challenges such as declining profit margins, increasing costs,… Continue reading Digital Twins in Pharma: Shaping Next-Gen Drug Innovation & Manufacturing
What If? Optimizing Scenario Planning with AI&ML
Demand patterns, supply chains, and logistics – not only did the past couple of years highlight pressing gaps in global networks, but also exposed the fragility of traditional forecasting and planning tools. Alongside dealing with short-term operational changes necessitated by the pandemic, such as workforce planning, inventory reconfigurations, and transportation constraints, businesses have also had… Continue reading What If? Optimizing Scenario Planning with AI&ML