by Britta Scherer | 14. September 2021 | Knowledge Nugget, News and events
At its core, the term Big Data describes an enormous amount of structured and/or unstructured data that is too large, too complex, or too fast-moving to examine using simple or manual analysis techniques. However, the term has been used in a variety of ways in recent...
by Britta Scherer | 7. September 2021 | Knowledge Nugget, News and events
Data mining is the process of systematically examining and analyzing large amounts of data to identify patterns, trends, and relationships. Since this involves Big Data, statistical and computer-aided methods are used to process the data and extract insights. In...
by Britta Scherer | 31. August 2021 | Knowledge Nugget, News and events
Machine learning is a subarea of artificial intelligence (AI). It enables IT systems to recognize patterns and regularities on the basis of existing data and to develop solutions automatically. Software can therefore learn independently and find solutions without...
by Britta Scherer | 6. May 2020 | News and events, The Ten
Good demand forecasts are the basis for comprehensive supply chain planning and the resulting optimization of processes. The more accurate the forecasts, the lower the safety stock, depreciation and tied-up capital. With forecasting techniques based on machine...
