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Data Mining Problems in Retail

Highly Scalable

Retail is one of the most important business domains for data science and data mining applications because of its prolific data and numerous optimization problems such as optimal prices, discounts, recommendations, and stock levels that can be solved using data analysis methods. However, many of these models are highly parametric (i.e.

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The Management Revolution that Never Happened

The Agile Manager

Microcomputers improved the efficiency of data collection and made it easy to consolidate operational data. Recessions in 2001 (when businesses reigned in unrestrained tech spending) and 2008 (when businesses reigned in all spending) tightened belts and increased operational scrutiny. Ironically, it had the opposite effect.

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IT Governance Maximises IT Returns

The Agile Manager

So it is with IT projects: an extremely efficient IT project will still fail if it is blindsided because a market doesn’t materialise for the solution being developed. That the buyer in the auction might have been the firm itself would obviously destroy that perception, but it is obfuscated from the retail consumer.