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

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

  • Winuall raises Rs 14.7 crore to digitize coaching institutes

    The startup will use the fresh capital to enhance product capabilities and hire across technology, product, AI, and business development teams Winuall, an online education platform that helps coaching institutes go digital, has raised Rs14.7 crore from Prime Venture Partners, Beenext, Ramakant Sharma, founder of LivSpace and other angel investors. Winuall aims to democratize technology […]

  • Application of Reinforcement Learning in Supply Chain

    Author: Anindya Bera, Senior Manager – Anaytics, Genpact A supply chain is a complex network of individuals and agents who exchange materials or information in a business ecosystem. The items which are used on day-to-day basis are created by a global collaboration between suppliers, manufacturers, and logistics carriers. What makes this complex? It is the […]

  • The Best Practices for IoT Analytics

    In most ways, Internet of Things analytics is like any other analytics. However, the need to distribute some IoT analytics to edge sites, and to use some technologies not commonly employed elsewhere, requires business intelligence and analytics leaders to adopt new best practices and software. There are certain prominent challenges that Analytics Vendors are facing […]

  • Carlyle is the frontrunner to acquire Mphasis from Blackstone

    Carlyle Group is negotiating with at least half a dozen banks and a pension fund to buy out Blackstone’s stake in Mphasis. Binding offers due today. Mumbai: Private equity firm Carlyle Group has emerged as a probable frontrunner to acquire Mphasis Ltd. from Blackstone Group, in what could be the largest buyout in the Indian IT space, according to people familiar […]