Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

IBM and SAP ally to enhance forecast accuracy

IBM and SAP ally to enhance forecast accuracy

IBM and SAP have unveiled an all-new retail solution to aid forecast accuracy utilising real-time data from various sources. This solution intends to address primary challenges of on-shelf product data and forecasting accuracy.

IBM’s Metro Pulse works on cognitive services to provide information on weather, events and traffic. When tested in more than 100 stores, a 75% improvement in accuracy regarding the forecast information was reported. IBM’s Metro Pulse will flow through SAP’s Cloud Platform to deliver these predictions. The data sources include real-time market-demand signals, live business and other demographic data.

According to Lori Mitchell-Keller, Global General Manager, Consumer Industries at SAP,” Through this exciting collaboration between SAP and IBM, retailers and consumer product companies today can respond with speed, precision and confidence to locally relevant events.”

It follows up on IBM’s investment in retail and consumer packaged goods with SAP S/4HANA industry solutions. “SAP S/4HANA, coupled with access to rich, hyperlocal data understood and reasoned by IBM’s cognitive services, can provide consumer product and retail business users across the c-suite with the specific insights to gain a competitive advantage in major markets,” reported Laurence Haziot, IBM global managing director and general manager of consumer industries.

This solution presents as one of the most innovative plans in predicting forecast information with increased accuracy in the store level after IBM and SAP’s digital transformation partnership in April 2016.


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...