AI Use Case

Forecast new product demand

Forecast demand to ensure product and service availability to limit out of stock or over stock situations for new product introductions.

Function

Marketing

Product Marketing

Benefits

Operational Support - Demand forecasting

Case Studies

Bloomberg LP Kansas State University~Researchers improve film box office success prediction using machine learning transduction algorithms,Choosy~Choosy plans to design and sell apparel according to popular social media trends ,H&M~H&M improve single store sales by improving inventory planning through machine learning to discover trends on social media,Starcorp~Starcorp chooses which projects to pursue by evaluating probability of success as well as risks associated with different options using machine learning,ScriptBook~ScriptBook produces financial forecasts for films based on their scripts using machine learning and natural language processing

Industry

Data Sets

Structured / Semi-structured

AI Technologies

Machine Learning (ML),Traditional AI,ML Task - Prediction - Regression

Potential Vendors

Apgate