Inventory Management
Evaluating Market Trends with Descriptive Analytics
Using Predictive Analytics for BI
Data Reporting
Key Takeaways
Data Insights
Mining Data for Strategic Business Decisions
Drive Innovation with Data Analytics
Results 
Risk
Management: Descriptive analytics can help identify potential risks by analyzing historical data trends
...Company B Declining sales Analyzed sales data to identify underperforming products; adjusted
inventory strategy, resulting in a 15% sales increase
...
Evaluating Market Trends with Descriptive Analytics Risk
Management: Understanding past trends helps businesses to anticipate and mitigate risks associated with market fluctuations
...This information can help optimize
inventory management and marketing strategies
...
Using Predictive Analytics for BI Risk
Management: Identifying potential risks and mitigating them proactively
...Retail Retailers use predictive analytics to forecast demand, optimize
inventory, and personalize marketing efforts
...
Data Reporting Communication: Data reports facilitate communication among stakeholders, including
management, employees, and investors
...Monitoring daily sales and
inventory levels
...
Key Takeaways Risk
Management: By analyzing data, businesses can identify potential risks and develop strategies to mitigate them
...Supply Chain Management: Optimizing
inventory levels and forecasting demand to improve efficiency
...
Data Insights Risk
Management: Data insights can help predict potential risks and develop mitigation strategies
...Optimizing
inventory levels based on demand forecasts
...
Mining Data for Strategic Business Decisions Some of the most notable applications include: Customer Relationship
Management (CRM): Analyzing customer data to enhance customer satisfaction and retention
...Supply Chain Management: Optimizing operations by analyzing data related to
inventory, suppliers, and logistics
...
Drive Innovation with Data Analytics Change
Management: Resistance to change within the organization can impede the adoption of data-driven strategies
...Amazon E-commerce Prescriptive analytics for
inventory management Enhanced supply chain efficiency and reduced costs
...
Data Mining Techniques for Time Series Analysis Description Sales Forecasting Predicting future sales based on historical sales data to optimize
inventory and resource allocation
...Risk
Management Identifying and mitigating risks in financial portfolios by analyzing historical performance data
...
Big Data and the Digital Economy Retail Customer behavior analysis for
inventory management and targeted marketing
...
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