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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.

Retail 152
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How City Hall Can Fight City Hall

The Agile Manager

From roughly 2008 until 2019 or so, real estate in this area was inexpensive, a long-lived aftereffect of the 2008 financial crisis (fewer buyers) as well as changes in where and how people vacationed (fewer tourists). Unsurprisingly, some flashpoints have emerged. COVID-19 changed this. Let’s start with detection.

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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. It was much different in 2008.

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The Ever Given is Not a Black Swan Event

The Agile Manager

Shippers, facing excessive capacity after the financial crisis of 2008, either went out of business, merged, or did deals to fill their ships to capacity. 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.

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Ecosystems and the Energy Source of Last Resort

The Agile Manager

A mobile phone company makes handsets for users and curates an app market place for developers. There are a number of self-proclaimed commercial ecosystems, ranging from online lending to conglomerates of retail, credit and loyalty. We can stand up marketplaces for mobile phone software or money lending or property investing.

Energy 40
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Lost Productivity or Found Hyperefficiency?

The Agile Manager

Twined with the radical reduction of information asymmetry (particularly with regard to product price data), it stands to reason that there has been significant productivity growth in western economies: supply chains have never been so optimized, retail and wholesale transactions so price-fair and friction-free.

Energy 52
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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 Brain cells connect via trillions of synapses in adaptable and complex ways.