Good short piece, makes good points about what is needed, and should be expected. I have taught forecasting in the enterprise, and its more about how the forecast is used than what it is. You would love to have it perfect, but it will not be. AI provides another useful component.
Is AI’s impact on demand forecasting more hype than reality? by Nikki Baird in Retailwire
Through a special arrangement, presented here for discussion is a summary of a current article from the blog of Nikki Baird, VP of retail innovation at Aptos. The article first appeared on Forbes.com.
The forecast error in retail is as high as 32 percent, according to some estimates. Will artificial intelligence (AI) technology do any better?
AI promises to change the way demand forecasting works in retail in six key ways, but those promises include a bit of hype: .... "
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