For example, one way to combine the physical and digital experience is to run a limited time offer encouraging customers to comment on an Instagram post to win 10% off their next in-store purchase. You can make this deal available to the first five followers that comment on the post. ...
7. Supply chain: Inventory management With better inventory management, businesses can optimize costs, space, and more. In this example of how businesses can use AI, Walmart used an AI-powered inventory management system to help the company deliver what users needed (and when they needed it) ...
34. Population health management Real-life example: BCG and Zeiss developed a generative AI application to help healthcare professionals provide accurate and timely responses to patient inquiries. This AI tool generates responses based on pre-approved materials and ensures that the accurate information ...
For example, LinkedIn Learning, formerly Lynda.com, is a popular online learning platform offering a wide range of courses for professional development. Given the scale and requirements of a platform like LinkedIn Learning, they likely utilize a distributed and scalable database infrastructure. Some p...
Agile Project Management: A Simplified Approach (With an Real-life Example) In today’s rapidly changing business environment, digital transformation has become a key imperative for organizations looking to stay competitive and meet the evolving needs and expectations of customers. One area wh...
The first group is options relating to the size of a project. Depending on the ROV analysis, options may exist to expand, contract, or expand and contract the project over time, given various contingencies. The second group relates to the lifetime of a project—to initiate one, delay starti...
This minimises the risk of being left with dead stock by prioritising sales on ‘soon to expire’ items ahead of stock with a longer shelf life. You can also plan their storage better (for example, if you know you have a lot of refrigerated orders coming in next week, you’ll need to...
Predictive analytics is a subset of advanced analytics. In most cases, the term is used interchangeably with machine learning.A large quantity of data about a given question is collectedand an answer is spit out. Take this example: Based on all of the data about this customer, they will uns...
With flexible fulfillment, you can streamline curbside pickup and buy-online-pickup-in-store operations, provide customers with real-time inventory and order status, and gain greater control of the entire order life cycle.Flexible fulfillment helps you offer an enhanced customer experience:...
An example of a pop-up shop is Warby Parker. Warby Parker started online and then tested physical retail with pop-up shops. The pop-up shops were successful, and now it has many permanent brick-and-mortar stores across the US. How many items should you have at a pop-up shop? T...