#MachineLearning hashtag

[helloopinions2024]

[unp-education]

Unlock your potential and discover new opportunities with our Data Science courses!

Using the Johari Window model, gain insights into your strengths and areas for growth. Our curriculum combines essential knowledge with hands-on projects, equipping you with the industry-demanded skills.

𝐖𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐯𝐢𝐝𝐞𝐨 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞!

𝐏𝐲𝐭𝐡𝐨𝐧 𝐟𝐨𝐫 𝐃𝐚𝐭𝐚 𝐒𝐜𝐢𝐞𝐧𝐜𝐞:

𝐌𝐚𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐃𝐚𝐭𝐚 𝐒𝐜𝐢𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐌𝐋 𝐰𝐢𝐭𝐡 𝐏𝐲𝐭𝐡𝐨𝐧:

𝐄𝐧𝐫𝐨𝐥𝐥 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐞𝐦𝐛𝐚𝐫𝐤 𝐨𝐧 𝐚 𝐫𝐞𝐰𝐚𝐫𝐝𝐢𝐧𝐠 𝐜𝐚𝐫𝐞𝐞𝐫 𝐢𝐧 𝐃𝐚𝐭𝐚 𝐒𝐜𝐢𝐞𝐧𝐜𝐞!

[vikassagaar]

Workforce Management market (WFM) is anticipated to reach $ 10,118 million by 2027 at a CAGR of 9.1% during the forecast period 2022-2027. 

[info-zestinfotech]

Unveiling the Uniqueness of Flutter

[aspire-blog]

Top 15 AI/ML Development Companies in UK (2024)

Discover the top 15 AI and ML development companies in the UK for 2024. From bespoke AI solutions to cutting-edge technology, these firms drive digital transformation and innovation across industries.

[translationaddicted]

How to use AI in translations wisely?

Read more at our LinkedIn

[fillycoder]

Are You Ready to Elevate Your Business Online?

Are You Ready to Elevate Your Business Online? In the digital realm, a robust online presence is crucial. At Filly Coder, we don’t just build websites; we create comprehensive digital solutions tailored to your specific business needs. Whether you’re involved in electronics, real estate, apparel, beauty, or any other industry, we have the expertise to propel your business forward. Why Choose Filly Coder? Custom Software Development: We develop bespoke web, mobile, and desktop applications that are both powerful and user-friendly. Digital Marketing Mastery: Elevate your online visibility with our expert SEO, SEM, and social media marketing strategies. Advanced Cyber Security: Secure your business operations with our cutting-edge cyber security solutions. Machine Learning Innovation: Stay ahead of the competition with applications enhanced by artificial intelligence and machine learning. Deliver Excellence to Your Customers Your commitment to quality and exclusive service should shine through every aspect of your business, especially your online presence. Let us build you a website that’s not only visually stunning but also efficient, secure, and capable of managing all your online interactions. Engage More, Achieve More With Filly Coder, you gain a technology partner who understands the importance of engagement, customer satisfaction, and retention. Get started today and unlock new opportunities to attract and retain customers online. Transform your business with Filly Coder, where we make you smarter, more efficient, and better connected.

[rapidpricer]

Dynamic Assortment based on Seasons and Demand

Written By: Gargi Sarma

Mexico is distinguishing itself as one of the major markets through persistent development and gradual but consistent expansion in numerous areas. One industry that could outpace Mexico's typical projected national growth is the retail and consumer sector. By 2028, the retail market in Mexico is anticipated to expand at a CAGR of 5%. A mix of sociodemographic and economic changes, products, and commercial strategies to lure Mexican customers will drive this. More than any other industry, Mexico's retail and consumer sectors represent the prospects arising from the country's economic dualism. Alongside the resilient traditional 'changarros' and adapted ideas like OXXO and Farmacias Similares, there is a steady growth and development of modern format retail outlets and global franchises like Walmart and Starbucks.

In Mexico, COVID-19 has had a major impact on consumer shopping habits. Companies increased their efforts on digital platforms in response to the COVID-19 epidemic. These investments included creating a more user-friendly website, introducing direct-to-consumer operations, and forming partnerships with last-mile delivery providers.

The retail fashion sector in Mexico is thriving and changing quickly, driven by a wide range of consumer preferences and buying habits. Retailers can find a wide range of prospects in the Mexican market, from vibrant metropolises to charming small communities. A significant obstacle, though, is there among all of this dynamism: seasonal variations in consumer demand. Mexico's vast territory, diverse climate, and rich cultural traditions create a compelling case for optimizing assortments based on seasonal and location-specific factors. Here's why:

Figure 1: Importance of Assortment Planning

Increased Sales and Profits:

Meeting local demand: Offering products relevant to the local climate, holidays, and cultural preferences ensures you cater to customer needs and avoid stocking unwanted inventory. Imagine stocking winter jackets in Cancun or beach gear in Monterrey during winter.

Seasonal trends: Capitalizing on seasonal events like Christmas, back-to-school, or Cinco de Mayo with targeted product offerings can significantly boost sales.

Differentiation from competitors: Understanding local nuances allows you to stand out by offering unique products not available elsewhere, attracting and retaining customers.

Reduced Costs and Improved Efficiency:

Optimized inventory management: Matching your assortment to local demand helps reduce overstock and deadstock, lowering storage and disposal costs.

Improved supplier relationships: Working with local suppliers for seasonal products aligns with sustainability goals and potentially reduces transportation costs.

Efficient marketing: Tailoring marketing campaigns to specific locations and seasons ensures you reach the right audience with relevant messaging, maximizing campaign effectiveness.

Challenges of Seasonal Fluctuations:

Inventory management: Predicting demand accurately and avoiding overstock or stockouts is challenging, especially with sudden weather changes.

Price optimization: Balancing profits with competitive pricing during different seasons requires careful planning and adjustments.

Marketing and promotions: Tailoring campaigns to each season and reaching the right audience while managing advertising budgets effectively is crucial.

Staffing: Hiring and training additional staff during peak seasons can be costly and demanding.

Figure 2: Challenges in Assortment Planning (Source: Why is Assortment Planning so Difficult for Retailers? A Framework and Research Agenda, Murali et al., 2009)

Geographical Considerations in Mexico:

Mexico's vastness and diverse geography paint a complex picture for retailers. Understanding how climate, terrain, and cultural traditions influence consumer behavior across regions is crucial for tailoring assortments and maximizing success.

Diverse Landscape:

Northern regions: Arid climates with hot summers and mild winters dominate. Think Chihuahua, Sonora, and Baja California.

Central highlands: Temperate climate with warm, dry summers and cool winters. Puebla, Tlaxcala, and Mexico City fall under this category.

Southern regions: Tropical climates with high humidity and hot temperatures year-round. Chiapas, Quintana Roo, and Oaxaca exemplify this zone.

Coastal areas: Varied climates depending on location. Pacific coasts tend to be drier, while Gulf coasts experience more humidity.

Impact on Preferences:

Clothing: Northern regions demand lighter clothing year-round, while southern regions require breathable fabrics suitable for humid conditions. Winter gear becomes relevant in the highlands.

Outdoor activities: Northern regions favor desert sports and hiking, while coastal areas see demand for water sports and beach gear. The highlands might see higher sales of camping equipment.

Home decor: Southern regions might opt for lighter furniture and natural materials, while colder areas might prefer heavier fabrics and heating solutions.

Food: Local ingredients and dishes vary greatly across regions. Northern cuisine tends to feature meat and beans, while southern cuisine leans towards seafood and tropical fruits.

Data-driven Approach to Assortment Planning:

Figure 3: Data-driven Approach to Assortment Planning (Source: Analytic Edge)

These days, modern retail assortment planning is data-driven, using sales data to estimate demand and gain insight into customer preferences and historical performance. By disclosing rival tactics and market trends, market research enhances this strategy and enables merchants to modify assortments appropriately. Customization of product offers is made possible by the deeper understanding of customer behavior and preferences provided by consumer insights obtained through focus groups and surveys. By offering precise demand projections based on historical sales data and industry trends, machine learning and predictive analytics further improve assortment decisions. Retailers earn higher sales as a result of this inventory optimization.

Implementing Seasonal and Location-Based Assortments

The implementation of location- and season-based assortments in retail necessitates a methodical approach that takes seasonal shifts in consumer demand and geographic variations into account. Retailers can customize assortments to meet local demand and seasonal components by examining market trends, regional preferences, and historical sales data. Data analytics and inventory management systems enable strategies for optimizing inventory levels and SKU distribution across sites. Efficient cooperation between suppliers and partners guarantees the prompt supply of seasonal merchandise, and partnerships with local designers provide distinctive, locally-inspired items to assortments, making them more appealing to local clients.

Technology Solutions for Assortment Optimization:

Figure 4: Strategies to Optimize Product Assortment

Technology solutions are essential for retail assortment optimization because they provide state-of-the-art tools and platforms that improve decision-making and expedite assortment planning. Retailers can take advantage of a range of software tools and platforms, including category management software and assortment optimization platforms, that are designed to match their unique requirements. Because they can provide data-driven insights and predictive modeling skills, advanced analytics, artificial intelligence, and machine learning are essential for enhancing assortment strategies. Careful planning and execution are necessary for the successful integration of digital solutions into retail operations. To guarantee maximum benefits, special requirements must be assessed, comprehensive training must be given, and maintenance must continue.

Examples of Mexican Retailers Using Dynamic Assortment:

Costco - Costco's dynamic assortment strategy keeps up with seasonal and cultural trends, such as Mexican holidays and festivals, and offers a variety of products to attract customers.

Walmart - Walmart's Mexican stores, such as Sam's Club and Walmart Supercenter, feature dynamic assortments of products that change based on the seasons and customer demand.

The Home Depot - The Home Depot's Mexican stores offer a wide range of products for DIY enthusiasts and contractors, including seasonal items such as Christmas lights and Easter decorations.

Target - Target's Mexican stores, such as Target Hidalgo and El Paso.

Conclusion:

In summary, changing customer tastes, macroeconomic conditions, and technological breakthroughs will propel the retail industry in Mexico, which is expected to experience rapid expansion. Retailers may successfully manage seasonal swings, regional variances, and shifting market dynamics to optimize assortments and boost profitability by using data-driven strategies. The secret to success in this dynamic and exciting market will be to leverage technology solutions, strategic relationships, and a thorough awareness of local situations.

About RapidPricer

RapidPricer helps automate pricing and promotions for retailers. The company has capabilities in retail pricing, artificial intelligence and deep learning to compute merchandising actions for real-time execution in a retail environment.

Contact info:

Website: https://www.rapidpricer.com/

LinkedIn: https://www.linkedin.com/company/rapidpricer/

Email: info@rapidpricer.nl

[diginyze]

From Factory Floor to Online Store: Mastering Industrial eCommerce for Growth

From catalogs to clicks! Discover how the digital shift in industrial eCommerce offers unprecedented opportunities for manufacturers. Read our latest blog for detailed insights. https://www.diginyze.com/blog/from-factory-floor-to-online-store-mastering-industrial-ecommerce-for-growth/

[analytiq13]

Best Software testing Classes in Pune

 Enroll Now For the Data Science Training in Pune and Pimpri-Chichwad! 👉 Enroll Now For Data Science

Course:https://lnkd.in/dM2hEE-7 ✅What You'll Learn:- 💠Database SQL 💠Advanced Excel 💠Power BI 💠Tableau 💠Python programming 💠Projects ✅ Advateges ✶ Practical Training ✶ Interview Preparation ✶ Training From an Expert Trainer ✶ Complete Placement Assistance

[swiftnliftnewsandarticle]

How can businesses leverage AI?

Businesses can leverage AI in numerous ways to enhance their operations and drive growth. Here’s how:

Improve Customer Service: AI-driven chatbots and virtual assistants may respond promptly and accurately to consumer inquiries around-the-clock. Customer satisfaction rises as a result, and human operators can now handle more complicated problems.

Boost Efficiency: AI may automate monotonous jobs, like scheduling and data input, freeing up staff members to concentrate on more strategic work. Costs are reduced and productivity is raised as a result.

Improved Decision-Making: AI's sophisticated data analytics and machine learning capabilities allow it to examine enormous volumes of data to find patterns, forecast results, and offer useful insights that lead to better decision-making.

Customize Marketing: AI systems are capable of analyzing consumer behavior and preferences to produce tailored advertising campaigns. Higher engagement and conversion rates are frequently the result of this focused strategy.

Optimize Operations: By forecasting demand, spotting inefficiencies, and suggesting changes, artificial intelligence (AI) helps expedite supply chain management, inventory control, and logistics.

Drive Innovation: Compared to conventional approaches, artificial intelligence (AI) can speed up the discovery of new products, optimize designs, and test hypotheses.

Enhance Security: By recognizing odd patterns and behaviors that can point to possible breaches, AI is able to recognize and react to cybersecurity risks instantly.

Boost Customer Insights: Artificial intelligence (AI) systems may examine interactions and input from customers to learn more about their requirements and preferences. This allows companies to more effectively customize their offers.

Facilitate Human Resource Management: Artificial Intelligence can expedite the hiring process by screening resumes, determining candidate suitability, and even conducting first interviews.

Businesses can improve their productivity and customer experience as well as gain a competitive edge in today's fast-paced market by incorporating AI into many elements of their operations.

[code-passion]

Learn to parse JSON like a pro!

https://skillivo.in/json-tutorial/

Learn to parse JSON like a pro! 🚀 This tutorial covers both JavaScript and Python, helping you master JSON parsing with easy-to-follow examples. Check out the detailed guide below: Table of Contents: ✅ Parsing JSON in JavaScript​: JSON.parse() - Syntax, Example with Reviver Function; JSON.stringify() - Syntax, Example with Replacer Function, Example with Space Parameter; Combining JSON.parse() and JSON.stringify(); Simple Examples - Sending Data to a Server, Configuring Application Settings, Storing Shopping Cart Items and Displaying in HTML Table Format. ✅ Parsing JSON in Python: json.loads(); json.dumps() - Basic Conversion, Nested JSON Object, JSON Array.

LinkedIn - https://www.linkedin.com/company/skillivo/

Master JSON parsing in both JavaScript and Python with practical examples!

[maxwellgeosystems]

Tech Talk- Trends in ConTech & InfraTech Industries

Dr. Angus Maxwell, Founder & CEO of Maxwell GeoSystems, sat down to share his thoughts and views on the upcoming trends in the ConTech & InfraTech industries.

Hear what he has to say about the interest in AI (Artificial Intelligence) and ML (Machine Learning), within the engineering community, how this trend is expected to carry forward, and also on what Maxwell GeoSystems’ MissionOS platform is pushing forward in.

Follow us to stay up-to-date with the latest new and information on the industry and our MissionOS platform.