Forecast demand reliably for more informed decisions
December 5, 2022/3 min read
Forecast demand of product categories & skus
Predict patterns at the individual product level using historical data sets and personalized parameters (discounts, holidays, marketing events, etc.) Use Time Series models to fully leverage your data history to identify seasonality and long-term sales trends. As a single, centralized platform, Dataiku allows for scale across locations, markets, and products. Whether short, medium, or long-term demand forecasts, everyone has access to the right insights for better business decisions.
See the demand forecast explorer in action
Compare your demand forecast model to other baseline models
The Dataiku Solution for Demand Forecasting includes an interactive dashboard for evaluating, interpreting, and monitoring forecast models. Leverage Dataiku's time series forecasting recipe with a wide array of models (e.g. Prophet, DeepAR, AutoARIMA) and select the best-performing one with integrated evaluation and hyperparameter optimization."
Perform seasonal clustering of products & skus
Analyzing short-term fluctuations in customer demand at different times of the year is critical to accurate demand forecasts. The Dataiku Solution for Demand Forecasting provides a ready-to-use, interactive product seasonality dashboard.
Monitor past sales & project future sales
Use the pre-built sales monitoring dashboard included in the Dataiku Solution for Demand Forecasting to keep an eye on sales globally. Quickly identify the most popular items or identify trends by store at a glance. From there, build the demand forecast scenario of your choice. Leverage the interactive web application to understand future sales of selected products. Move from analytics to decision making through an interactive dashboard to view your aggregated forecast intervals (daily, weekly, monthly). Define your forecast settings through a user-friendly Project Setup page: determine your forecast specifications (e.g. granularity, time horizon, historical window) and get started.
Answer key strategic questions
The Dataiku Solution for Demand Forecasting helps answer a broad range of questions like: What products will be the best sellers in three months (sales forecasting)? How can I optimize inventory levels across seasonal fluctuations? To which areas should we ship products, and in what quantities? How should I adjust my product purchasing strategy and inventory levels for more effective supply chain management? Which marketing channels can help boost product purchases? Which discounts and special offers resonate with online visitors?
Setup in minutes, not weeks or months
Go from zero to smarter demand forecasting in minutes, not weeks or months. Dataiku Solutions enable users to quickly get up and running with a table stakes machine learning or AI use case.
Make it your own
Easily connect required data (e.g. transactions, Products/SKUs) to predict future consumption by analyzing historical demand. Use the Project Setup page to load your data and adjust the forecasting horizon and the use of external datasets (legacy forecast and pricing information). The Dataiku Solution for Demand Forecasting, along with all Dataiku Solutions, can be infinitely customized to suit your needs as they grow over time.
Read the documentation on demand forecasting
Go beyond demand forecasting
Why use the Dataiku Solution for Demand Forecasting? Our pre-built project is a fast-track to scaling this foundational machine learning application, opening an accelerated path to markdown, inventory planning, and many more transformational AI use cases. Automate your project to rebuild with real-time data based on business needs, and leverage models and outputs to unlock connected topics such as pricing optimization. But it doesn’t stop there. Dataiku also grows your AI maturity to new heights with the power and flexibility of the full platform. Execute on innovative, moonshot use cases — including cutting-edge Generative AI applications — with Dataiku.
