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Developing Machine Learning Models for Dynamic Pricing

Developing Machine Learning Models for Dynamic Pricing We previously talked about price optimization and dynamic pricing. Today, we are going to look at using developing machine learning (Ml) in dynamic pricing models. With artificial intelligence (AI) technology now going

| 17 Dec 2019

How Machine Learning is Changing the World of Dynamic Pricing

How machine learning is changing the world of dynamic pricing? E-commerce has now become an inevitable part of almost everyone’s lives. It’s a world where consumers want goods now, and at the cheapest possible price. So while it is a consumer-centric ecosystem, the retai

| 10 Dec 2019

Retailers: Better Market Basket Analysis will Keep You ahead of Competition

“It’s much easier to double your business by doubling your conversion rate than by doubling your traffic.” —Jeff Eisenberg, CEO of BuyerLegends.com It is but only now that medium and small retailers have started to realize why Amazon and other e-c

| 08 Feb 2019

Why are Granular Customer Data Important for Banks

Without a doubt, data analytics is altering the traditional banking system. In fact, it would not be an exaggeration to say the time has come to re-assess the concept of a bank, as we know it. But that is not the subject of this post. Instead, we are going to look at da

| 22 Nov 2018

Trends in Retail: The Move from Predictive to Prescriptive Analytics

Why is Retail Moving from Predictive to Prescriptive Analytics? A larger trend seen in the retail sector in 2018 is the move by many retailers to move away from predictive analytics and adopt prescriptive analytics. Predictive analytics, for many, is now a case of ‘been

| 24 Oct 2018

How Predictive Analytics is Reshaping the Insurance Industry

How Predictive Analytics is Reshaping the Insurance Industry Predictive Analytics is increasingly becoming the “weapon of choice” of insurance firms and industries. The reasons are many, ease-of-use is one, and the other is because of advances in Artificial Intelligence

| 06 Jun 2018

The Growing Value of Finance Analytics

Growing Value of Finance Analytics Since data science went mainstream, financial institutions (FI), including banks have started adopting it, or should one say, adapting to it. Read all about the growing value of analytics in finance and in the financial market. Where fina

| 08 May 2018

Healthcare Analytics: Build-Versus-Buy Quandary A Hurdle

The most obvious thing for any Health Care Organization to do is to develop in-house infrastructure to manage its healthcare data. That’s simpler said than done, though. Setting up an Enterprise-grade data warehouse not only involves additional hires, there’s some amount of capital expenditure as well as operational costs involved.

| 23 Feb 2018

A Simple Guide to Outsourcing Data Analytics in Healthcare

The global healthcare industry, more than any other, suffers from  the “data rich but information poor” syndrome. While it finds itself on the brink of a major makeover with the advent of Big Data and analytics, it lags considerably compared to other industries. Many researchers have raised this red flag.

| 12 Feb 2018