External factors in forecasting models mean
Boosted sales, optimised inventory, and higher profitability.
Increased demand predictability
Use our AI-powered solution suite to detect otherwise unpredictable fluctuations in demand for products or services. Access to specialized data sets allows for consideration of seasonal effects, events, market changes, and marketing activities.
A Better Utilised Workforce and
Simpler Shift Schedules
With situational awareness, the information necessary to improve workforce utilization is created. Clearer staffing needs enhance efficiency, make shift scheduling easier in advance, and result in more satisfied employees. More accurate plans reflect the actual demand.
Improved inventory management and anomaly analysis
With artificial intelligence, previously unknown paths open up to increase efficiency in inventory management, improve the timing of purchases, optimize order frequency, and prevent stockouts.
Optimized and demand-driven pricing
Quick price adjustments, ultra-personalized marketing actions, and pricing that continuously reflects supply and demand are easily implemented with situational awareness.
Less waste and increased sustainability
Our suite of AI solutions offers simple ways to reduce waste, improve energy efficiency, and lower carbon footprints. It also simplifies data collection and preparation for regulatory sustainability reports.
Make artificial intelligence part of your toolkit
External factors that give operational data
Situational awareness
Accessible information for automated enrichment
Connect your operational data, our information on various external influencing factors, and the AI-powered solution suite in Context Suite. The result is a new generation of demand forecasting that enhances decision-making support for procurement, distribution, staffing, prevention, and smarter infrastructure utilization.
Weather
Weather forecast data and weather variations can be utilized in various ways.
Weather warnings
External factors trigger responses
Archetypical weather patterns
Good, bad, or fair weather, relatively speaking.
Climate
For training machine learning models.
Weather forecast
For weather-sensitive operations.
Situational Awareness leads to
Responses
Automated actions as a response to changing conditions in the external environment.
External conditions trigger responses.
Known conditions that trigger automatic actions and task assignments.
Local knowledge becomes automated actions.
Staff create response plans, action lists, and define the external conditions that trigger actions.
