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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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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. 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. In other words it creates devastating Black Swans.”

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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
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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 Ironically, it had the opposite effect. What does all this mean?