Sales Forecasting No enterprise these days can remain competitive and profitable without optimizing its short-term and long-term performance. Businesses from various industries and regions improve their long-term and short-term performance by estimating future sales accurately. The term sales forecasting refers to ...
The businesses nowadays collect real-time customer data from various sources. The sales forecasting models help businesses to predict future demand for a product based on real-time customer data. Some models enable decision makers to estimate future sales based on information collected from sales representatives. At the same time, the businesses can use specific techniques to forecast demand by initiating market tests and conducting surveys.
Importance of Sales Forecasting for Businesses The demand for a product or service keeps changing from time to time. No business can improve its financial performance without estimating customer demand and future sales of products/services accurately. Sales forecasting refers to the process of estimating demand ...
Advantages of Cloud Migration According to the Economic Times , “The worldwide public cloud services market is projected to grow 17.3 percent in 2019 to total $206.2 billion, up from $175.8 billion in 2018, according to Gartner, Inc. In 2018, Gartner forecasts that the market will grow 21 percent, up from $14...
Python for Big Data While working on a big data project, the data scientists and application developers have the option to choose from a myriad of programming languages - Python, Java, R, SQL, Julia, Scala, C and MATLAB. But the latest usage statistics posted on multiple websites depict that a large percentage of a...
Android vs. iOS According to the McAfee Mobile Threat Report 2018, “Criminal quest for money could make 2018 the year of mobile malware.” The cyber criminals have been creating new malware by targeting major mobile platforms like Android and Apple. The mobile malware differs from each other in the cat...
Private Cloud vs. On-Premises Businesses nowadays deploy their applications/services in two distinct environments – on-premises and cloud. When an enterprise opts for on-premises, the software will run on and the data will be stored in infrastructure located within its premises. It needs to create, upgrade, a...
