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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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Lost Productivity or Found Hyperefficiency?

The Agile Manager

There is an alternative perspective that is far more optimistic : digital companies drive down costs through hyper-efficiency (speed, automation and machine scale) and price transparency. The argument for this invisible efficiency is that economic models have simply failed to change in ways that reflect this phenomenon.

Energy 52