The Datapred blog

On machine learning, time series and how to use them.

Procurement technology

8 ways machine learning can boost your buying process

Procurement teams are increasingly constrained by the limitations of traditional ERP & BI systems. Executives see a great deal of potential in advanced digital technologies like AI and machine learning. The right machine learning-led procurement solution can help industrial buyers to unlock 8 big benefits.
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Procurement change

Staying ahead of procurement change

on Dec 11, 2020 5:00:50 PM By | Datapred | 0 Comments | machine learning procurement raw materials direct materials technology
It’s getting harder for even the most experienced direct procurement teams to buy with confidence. Traditional ERP and BI systems can’t keep pace with the demands of modern procurement. Experts say digital technology will redefine the procurement function – enhancing human expertise, rather than replacing it.
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sustainable procurement

How raw material buyers can contribute to emission reduction

"Sustainable Procurement" has become all the rage, focusing so far on tighter supplier selection and lengthier bills of materials - all good, but lacking a seamless connection to Operations.
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Sea storm

5 findings about contextual data and raw material price analysis

For obvious reasons, raw material price volatility has increased in 2020 - and we have been monitoring that closely. Datapred uses both price history and contextual data for raw material market analysis and price prediction, and as this year draws to a close, we would like to share five findings about the power of contextual data for understanding raw material prices.  
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Covid-19 and raw materials - The many shapes of instability

on Apr 27, 2020 11:15:00 AM By | Datapred | 0 Comments | predictive analysis procurement raw materials financial markets energy
The Covid-19 crisis is having a violent impact on energy and raw material markets. But the traditional concept of price volatility doesn't capture the many aspects of that instability, and is actually misleading in some cases. Chief Procurement Officers need finer insights to optimize buying decisions in the post Covid-19 world.
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Lausanne

Datapred raises Series A from JOIN Capital

on Apr 2, 2020 1:09:41 PM By | Datapred | 0 Comments | machine learning streaming data procurement raw materials energy datapred
Investment underlines the trend for deep tech applied to core industrial processes.  
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Gémeaux

Prediction and prescription - Continuous intelligence twins (Part 2/2)

For continuous intelligence applications, the relationship between prediction and prescription is richer than described in the classic framework of analytics capabilities:
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Gemini

Prediction and prescription - Continuous intelligence twins (Part 1/2)

The framework of analytics capabilities - distinguishing between descriptive, predictive and prescriptive analytics - is well known:  
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Next big thing

The next big thing (in business intelligence)

It’s always fun to watch business consultants and IT companies search for the next buzzword - throwing candidates to the wall, hoping that one of them will stick and help them own the next big thing. (IBM is particularly adept at the game, rotating buzzwords every two years.)
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Stacking

Stop stacking, start aggregating

Data scientists are waking up to the fact that combining multiple, relatively simple predictive models is often more efficient, when tackling a time series forecasting challenge, than using the latest super-duper neural network.
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