© 2016 Your company
How to increase the economic effect by tens of millions of dollars a year?
Increasing the accuracy of forecasts using neural networks
client:
When forecasting prices and quotes, an error is inevitable.
By shipping to the wrong market, making a deal at the wrong time, or approving the wrong deals, the company misses out on a large amount of profit. The larger this error, the greater the potential loss.
By shipping to the wrong market, making a deal at the wrong time, or approving the wrong deals, the company misses out on a large amount of profit. The larger this error, the greater the potential loss.
data studio:
But you can increase the accuracy of the forecast by 2-3 times using neural networks and always know which market you can earn more on!
Project for the implementation of AI in an industrial company in numbers
We can predict the price of goods that have passed the stage of processing, the so-called "quasi-commodities", for example, steel, fertilizers, polypropylene, etc.
In the market, reliable forecasts are possible.
The high predictability of the price of "quasi-commodity" is due to the fact that:
The high predictability of the price of "quasi-commodity" is due to the fact that:
- 1The number of sellers, buyers and factors influencing the price is limited.
- 2These factors include the cost of the feedstock (commodity, commodity) and the price of intermediate products that are known at the time the forecast is made.
- 3Similar products are produced in different countries with time differences. The already known price of a competitive product affects the price of your product.
We determine the factors that reliably affect the price
Raw material price
Plant performance data
Historical quotes
Market News
Supply and demand balance
Prices in other countries
Data Studio implemented this idea by developing a proprietary AVGUR software module and applied its development in a case for an industrial company.
We already have a solution
The time to adapt the solution for business is two to four months
1
Analyzing the business
2
Identify factors that affect the price
3
Uploading data to the Avgur predictive module with your IT systems
4
Training your team
Developing advanced solutions based on neural networks since 2016
The economic effect of cooperation with us -
tens of thousands of dollars a day
tens of thousands of dollars a day
Our contacts
+7 (967) 215-75-05
contact_us@datastudio.digital
contact_us@datastudio.digital
