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7 Reasons Why Custom Demand Forecasting Is Essential for Retail

Xebia

In today’s highly competitive retail landscape, demand forecasting is more critical than ever. Retailers need to predict product demand accurately to avoid stockouts, reduce overstock, and optimize their supply chains. Handling Complex, Large-Scale Data The sheer volume of data in large retail operations presents challenges.

Retail 130
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Neighbor raises $53M for self-storage marketplace after 5x YoY revenue growth

TechCrunch

Neighbor , which operates a self-storage marketplace, announced Wednesday that it has raised $53 million in a Series B round of funding. At a time when the commercial real estate world is struggling, self-storage is an asset class that continues to perform extremely well. And they no doubt need storage as a result of that.”.

Storage 273
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Competition is stiff, but retailers know what it takes to compete

CIO

Changing consumer behavior and expectations, competition from major e-retailers, evolving cybersecurity challenges, inflationary pressures, sustainability and environmental concerns, and the pressure to take advantage of AI are all very real concerns for retailers today.

Retail 97
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Freshflow is helping grocery retailers fight food waste

TechCrunch

For years grocery retailers have been using data driven forecasting to help them predict demand to figure out which products to reorder to keep shelves stocked. ” “And because that is the opinion … until now, for the most part, retailers have just relied upon people to do this part.” That’s nothing new.

Retail 219
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Lucidity keeps cloud block storage neat, tidy and cost-efficient

TechCrunch

Cloud storage is expensive ( especially in this economy ), but many companies often over-provision, cutting their full return on investment. Lucidity was created to help them manage block storage more efficiently with a set of automated tools. The startup announced today that is has raised $5.3 million in seed funding.

Storage 220
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OpenUnit raises a $1M seed round to be the online face of self-storage

TechCrunch

How are mom-and-pop self-storage facilities meant to keep up with the tech offered by the massive, ever-growing chains? You bring the storage units, they bring the website, payment processing and backend tools you need to manage them. OpenUnit aims to be Shopify for self-storage facilities. ” So what’s next?

Storage 221
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Unlocking the full potential of enterprise AI

CIO

These narrow approaches also exacerbate data quality issues, as discrepancies in data format, consistency, and storage arise across disconnected teams, reducing the accuracy and reliability of AI outputs. Reliability and security is paramount. Without the necessary guardrails and governance, AI can be harmful.