Delivering up to 10% more accuracy and outperforms both demand planners and data scientists, Foresient, the forecasting, and planning platform, use machine learning to help you achieve forecasting accuracy levels that would otherwise take months, in as little as a few hours.
Seasonality, holidays, and macroeconomic drivers, amongst many other factors, predict the investments that you need to make. Foresient uses any historical data, along with thousands of built-in algorithms, to identify the best fit for your specific forecast type automatically.
The tool comes with an intuitive consumption layer, to help forecast at speed and scale and implemented on the cloud or on-premise.
COVID-19 adjusted demands
A forecasting model must change rapidly to predict consumer behaviors during the pandemic. Foresient takes a scientific approach to understand the impact of the COVID-19 lockdown and how to ease it with short, medium, and long-term business impact.
The tool works on a base forecast that is adjusted to forecast the impact and its severity. By using the Foresient forecasting platform, you gain immediate insight into consumer demand down to the store or SKU level, basis a range of market factors. The platform uses advanced machine learning and AI to get this forecast in a few hours, helping create effective supply chains.