India's largest platform for AI & Analytics leaders, professionals & aspirants

Sign in

India's largest platform for AI & Analytics leaders, professionals & aspirants

3AI Digital Library

Forecasting Solutions – Leveraging the power of AI and Analytics

3AI March 6, 2022

Nitesh Bharadwaj
Forecasting COE Director
AB InBev

Forecasting gives businesses the ability to make informed business decisions and develop data-driven strategies across finance, operations, marketing, sales and other business functions. This is where forecasting solutions form an integral part of every organization in varied capacities. Forecasting plays an important role in driving strategic or operational decisions across the organization.

In this session, Nitesh touched upon Forecasting Methods: Qualitative & Quantitative methods including Delphi, Market Research, Moving Average, Box-Jenkins, Regression Models, Econometric models, etc. He explained various forecasting aspects across business strategy and execution areas. Nitesh detailed out a variety of problems forecasting helps solve, challenges involved and also the aspect of any forecasting solutions focussing on balancing accuracy and explainability. The session was concluded with the discussion on the role of forecasting within organizations during uncertain pandemic times – possible forecasting approaches that could specifically help in cases of such sudden events.

    3AI Trending Articles

  • Facebook is testing an AI-powered tool to Summarize News

    Facebook has been trying to get a foothold in the news space for many years. Last year, the company launched a dedicated section on its site called Facebook News for users in the US. It also wants to expand this program to other countries such as Brazil, Germany, and India. According to a report from […]

  • How AI is transforming Financial Services

    Since its inception, AI has experienced at least two major hype cycles with resulting winters of disillusionment. Although after the first “winter”, many financial firms deployed a number of successful applications, by the 1990s, AI went into its second winter of disillusionment as realization set in that these systems were harder and more costly to build and maintain […]

  • HCM Decision Making powered by Talent Sciences

    Talent Science is the business capability of using advanced data analysis techniques and predictive models to drive HCM decision making. It calls for a logical connection between decisions about people, HR program investments and strategic business outcomes. This can form a backbone of human resource function of all organizations independent of the sector in which it operates. […]

  • Reimagine Business Strategy & Operating Models with AI : The CXO’s Playbook

    Author: Sameer Dhanrajani, CEO at AIQRATE advisory & consulting | AI advisor, business builder | Author | Speaker |Columnist| President at 3AI | Ex-CSO: Fractal, Global Business Leader: Cognizant, Country Head: Fidelity National Financial AlphaGo caused a stir by defeating 18-time world champion Lee Sedol in Go, a game thought to be impenetrable by AI […]