Remove 2007 Remove Efficiency Remove Retail Remove Software
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

The Ever Given is Not a Black Swan Event

The Agile Manager

Though supremely efficient at sea, Emma and the even larger ships that followed in her wake became a nightmare. Optimization of the oceangoing containership fleet came at the cost of the efficiency of the rest of the supply chain into which it was integrated. In other words it creates devastating Black Swans.”

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

Think about policy renewal operations at insurance companies, or specialized software developers working in silos: they are information workers, but they are on an information assembly line, doing piecework and passing it onto the next person. "[Big Wall Street Journal, 24 December 2007. Ironically, it had the opposite effect.

article thumbnail

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. 3 Meichtry, Stacy.