“By 2025, 70% of organizations will be compelled to shift their focus from big to small and wide data, providing more context for analytics and making AI less data hungry”, according to Gartner’s report on the Top Trends in Data and Analytics for 2021.

While machine learning methods have grown more complicated, the “big” historical data typically used to train them can become outdated quickly. This is especially true after the COVID-19 pandemic, where customer behaviors and expectations dramatically shifted and new modeling efforts were needed. This suggests a need for smaller data sources and models that are easier to…

Wine Making with Sprints

Agile practices are an iterative approach to developing products and software in just about any industry. This methodology is a powerful way to rapidly and collaboratively achieve business goals due to its flexibility and strength in bringing together a team to hit targets. At Kaizen Analytix we employ an Agile methodology to develop and deploy analytics and software solutions.

To illustrate how Agile can be used in nearly any application, Kaizen decided to use it to produce something most everyone loves: Wine. With the initial goal (often referred to as the Minimum Viable Product, or MVP)…

Analytics are Supercharging the Lending Marketplace

The lending marketplace has embraced digital transformation — borrowers are demanding better services for lower fees, while lenders who successfully leverage data have pulled ahead. These institutions utilize analytics to anticipate customer needs and offer personalized financial products. This, in turn, benefits borrowers with more valuable offers tailored to their needs, while lenders can achieve lower expense ratios. Data and analytics levels the playing field of the lending marketplace, providing ample opportunity for small lenders to compete by capitalizing on analytical horsepower.

The Changing Landscape in Lending

Analytical capabilities typically scale with lender size — larger lending institutions have more resources to build teams, capture…

Executive Summary

There are many different approaches to process improvement such as Six Sigma, Lean Manufacturing, Lean Six Sigma, Total Quality Management (TQM), Toyota System Production/Just-in-time, and the Theory of Constraints. Each of these methodologies has its strengths and weaknesses. For example, Six Sigma has a history of working well to make incremental improvements using its proven DMAIC methodology (Define, Measure, Analyze, Improve, Control). However, it does not do very well finding breakthrough performance opportunities and it usually requires broader changes to one or more elements of the business model. …

Crises aren’t new but they always serve as accelerants for industries ripe for transformation. Automotive OEMs must use this opportunity to innovate at the dealer level — or face being left in their own dust.

Crisis Breeds Innovation

Executive Summary

In recent years, there has been increasing pressure within process-enabling industries to innovate, especially in a world of big data. With the existence of the Internet of Things (IoT) and advancements within cloud-computing technologies, it is evident that the implementation of advanced analytics is imperative in order to obtain a competitive advantage. These methods combined with domain knowledge allow transformation of the data into meaningful business insights. This paper specifically focuses on anomaly detection as it has widespread implications across the chemical space; specifically, fault detection and diagnosis, process safety hazards and asset monitoring.

Within the Chemical Industry, the implementation…

Is it true that if you want more sales, you need more salespeople? With no doubt more salespeople make more sales. But is that the only way to increase sales? What if you could drive higher sales with the same sales staff through better targeting the sales visits? With a Kaizen solution, sales force performance can be improved without adding more salespeople. Incorporating an optimization strategy into sales force analytics unlocks growth opportunities that are hidden in the sales force visit schedule. The sales visit strategy optimization can yield a 6% revenue uplift.

The Kaizen Approach combines scientific sophistication with…

Leading operators using advanced analytics to deliver significant margin increases.

As the Food & Beverage (F&B) industry continues to grow in competition and complexity, continually increasing profits can be a challenge. Leading F&B operators have responded with advanced analytics that are built on accurate forecasts of guest demand and powered by machine learning. From a data foundation consisting of reliable demand forecasts, these innovators have created and captured real business value by leveraging analytics for a variety of tough decisions, including outlet open/close, menu item pricing, staff scheduling, and inventory management. Though running your business with advanced analytical models can…

The Coronavirus Aid, Relief, and Economic Security (CARES) Act is an economic stimulus package meant to alleviate the economic fallout on individuals and businesses alike due to the 2020 coronavirus pandemic. Most businesses have seen their demand plummet in the last several weeks due to the shelter-in-place orders across the nation. While businesses might benefit from some of the aid packages offered by the Government, it is also critical they understand the payout to individuals by region. …

Part 3

This article is the third of a three-part series that attempts to evaluate the capabilities of Artificial Intelligence considering the current pandemic due to the coronavirus.

Covid-19 & Path To Recovery

Economists and market analysts are divided on exactly when the economy is expected to resume normal behavior. While the recent stimulus to boost the economy is likely to help, given the quarantine and social distancing required to mitigate the spread, any recovery is at least 3–4 months away. At the time of publishing, roughly 1/3rd of the United States population is under Shelter-At-Home measures.

With this dramatic impact on…

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