article thumbnail

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.

Retail 152
article thumbnail

Conserve or Invest?

The Agile Manager

Both the financial and real economies have suffered quite a few shocks in the last 20 years: the dot-com bubble bursting (2000); September 11 (2001); the Great Recession (2008); and today in 2020 the COVID-19 crisis is wreaking economic havoc.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Management Revolution that Never Happened

The Agile Manager

Technocracy was, too: "best practice" was derived from people performing narrowly defined tasks in rigid processes that yielded poor quality products at a high cost. Frederick Taylor defined and measured performance down to the task level. In the 1980s, it seemed we were on the cusp of a revolution in management.

article thumbnail

IT Governance Maximises IT Returns

The Agile Manager

This wording is intentional: how work is performed reduces the probability of failure. If the governance imperative is to understand that results are being achieved in addition to knowing how they are being achieved, we must consider another key point: what must we do to know with certainty how work is being performed?

article thumbnail

Bringing the Magic of Amazon AI and Alexa to Apps on AWS.

All Things Distributed

The concept has been explored by many popular science fiction movies and TV shows, such as "2001: A Space Odyssey" with HAL-9000 or the Star Trek computer and Commander Data, which defined the perception of computer-generated speech.

AWS 165