"Optimization systems are a reality, feasible and reliable. The question then becomes: is all this added complexity necessary to answer the needs of day-to-day operations? Human know-how and experience can go a long way towards implementing a good-enough solution without incurring extra costs, but there are decisive benefits to using systematic optimization algorithms."
Unstructured Data
"Unstructured data does not have, in fact, any defined relationships between data points and is stored typically in a non-relational database, or a data lake, depending on the structure of the non-relational database. Unstructured data is difficult to analyze and withdraw value of unstructured data often involve the analysis of little datasets."
Demand Forecasting
"Demand Forecasting should be included on the agenda of any organization that aims to have a current and clean commercial operation, but also better risk management, maximizing the organization's financial results and competitiveness.
Forecasting models are therefore essential to optimize planning and minimize losses, allowing you to understand the specific needs of what to produce, for what customer profile, when and with what priority. And all of this at the right price. Something that will certainly please organizations’ stakeholders."
Why we should not build models like the statisticians
Article by João Pires da Cruz, Partner and Co-founder at Closer.