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Process Mining Explained: Techniques, Applications, and Challenges

Altexsoft

Process mining is a set of techniques for the analysis of operational processes based on event logs extracted from company’s databases, information systems, or business management software such as enterprise resource planning (ERP), customer relationship management (CRM), electronic health records (EHR), etc. What is process mining?

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How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Altexsoft

Forrester Consulting discovered that poor checkout experience and long lines are the third highest reason grocers would skip the line and shop in a different place. In December 2016, Amazon introduced the ‘Just Walk Out’ shopping experience with the first Amazon Go store in its Seattle office building. Source: Forrester Consulting.

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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

How would you price tickets not only to cover expenses for each route but also to achieve a certain level of revenue to be able to grow and develop your business? For instance, an airline can secure itself from bad sales during a low-demand season or before an upcoming departure day by putting tickets on sale. Pricing automation.

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Interpreting predictive models with Skater: Unboxing model opacity

O'Reilly Media - Data

There is often a need to verify the reasoning of such ML systems to hold algorithms accountable for the decisions predicted. Data Scientist Cathy O’Neil has recently written an entire book filled with examples of poor interpretability as a dire warning of the potential social carnage from misunderstood models—e.g.,

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Data Quality Management: Roles, Processes, Tools

Altexsoft

Data is the lifeblood of an organization and its commercial success. You probably heard these words from a conference lecturer or saw similar headlines online. In the first case, that’s accurate order details that you need. In the second case, you must segment customers based on their activity and interests.To Source: Skyscanner Facebook.

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