Wednesday, December 5, 2012

What are you getting for Christmas?

If you have kids, you'll agree that one of the top things on their minds this season is what they want for Christmas.

But what about the retailers and organizations who are hoping to make the best of this Christmas season?  How can they best predict what products to stock up on? 

I know from first-hand experience, that my favourite winter tire brand seems to always be 'sold-out' by mid-December - what if they could better predict demand and optimize their production and supply chain to fulfill more requests?

From a BI perspective, the answer lies in the predictive power of data mining.  One real world predictive analytics and data mining solution called Sentinel Mining is based on the Ph. D. thesis by TARGIT CTO Dr. Morten Middelfart. Check it out!

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