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
Topic: Data Science Consulting
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?
Data to the Rescue as the Insurance Industry Grapples with the Impact of COVID-19?
Over 50% of CFOs across industrial sectors stared at an estimated 25% dip in revenue as COVID-19 tightened its grasp around the economy. This bleak financial outlook across industries has triggered a string of challenges on financial and operational fronts for the global insurance sector, as the pandemic continues to make its presence felt on… Continue reading Data to the Rescue as the Insurance Industry Grapples with the Impact of COVID-19?
Back to the Future: What’s in Store for the Logistics Market?
2019 was turbulent time for the logistics industry. There was only a 1.2% growth in merchandise trade volume growth. Stagnant global economy, trade disputes, geopolitical uncertainties, and environmental regulations,[1] created a lull. Come 2020, this scenario worsened with the pandemic outbreak. In early 2020, industry experts predicted a logistics nightmare with transportation prices and inventory levels… Continue reading Back to the Future: What’s in Store for the Logistics Market?
Connected Vehicle Technology Fuels a New Wave of Data Monetization
The auto industry aims to create a $750 billion market by 2030 by leveraging connected vehicle data for maintenance, insurance, ads, and customer experiences, requiring infrastructure, security, and tailored business models.
How Much of Data Science Can be Automated?
Introduction: Why should we hire a data scientist when we can just use one of the many AutoML tools on the market? What if we could have our own, personalized AutoML platform instead of one already on the market? These are among the questions that businesses encounter when toying with the idea of investing in… Continue reading How Much of Data Science Can be Automated?