Demand planning is a complex process. As humans, the calculation of future sales has reached the ceiling to the insights we can glean from data. Hence, we rely on software to boost the effectiveness in decision-making. Demand planning software is one of the most valuable tools to utilise. Demand planning software can produce accurate results- it is even more precise with machine learning algorithms and robust data sets. There are many choices on the market, and we have compiled a list of AI-powered demand planning software in this article.
AI technology in McDonald's and KFC
The fast-food industry is one of the most beloving and worthy industries. According to experts, they foresee steady growth in fast-food marketing from this year to 2026. The critical value in the fast-food industry is the "speed of service". With the ever-changing environment in society, the definition of "fast" in customers' minds is getting straighter. The fast-food giants invest in advanced technologies to maintain efficiency in food production and cater to customers' preferences.
The revenues of the fashion sector in the global market are expected to meet $2.25 trillion by 2025. The fashion sector is undoubtedly one of the largest industries worldwide. Due to its characteristic of fast-changing, fashion designers and brands started utilising AI tools to surpass design and manufacturing limitations. Technology becomes the crucial element in the fashion industry to ensure stable, fast production and sustain the brands' position in the highly competitive industry.
You may not necessarily be familiar with the term "Data Visualization", but you must have used it somehow. Data visualization is around us- your customer records in tables, the charts on your financial reports etc. Although the concept is nothing new, it has been buzzing around every commercial sector in recent years. What makes data visualization an essential technique for modern businesses?
Public transport plays a big part in our daily life. Taking Hong Kong as an example, around 8.93 million passenger journeys are made on a public transport system every day. Public transport is not as easy as travelling from one spot to another. Any negative experience on transport will result in undesirable consequences on mental health, physical health, productivity, and many more. The transport sector is insightful with advanced technologies. They have been consistently improving their value to the passengers.
We cannot live without groceries. In accordance with the advancement of technology, grocery stores have evolved. Those changes could not be imagined back in 20 years ago. Same as now, we could not imagine the future of retail stores. However, the pioneers in the industry have been paying efforts to shape the future...