What is advanced forecasting?
Advanced forecasting goes beyond looking at past data alone. Using AI-driven solutions and enhanced data science, advanced forecasting allows for more accurate planning than ever.
Generating predictions for a new age of forecasting
Gone are the days of relying only on past sales data to shape your business strategies. With AI-driven advanced forecasting solutions from Aria, you can make the most of your wider business data and benefit from more precise predictive forecasting.
Using enhanced data learning and generative AI, our advanced forecasting solutions aim to not only help you more accurately analyse supply and demand, but provide you with forecasting models and strategies that can be used to benefit your entire business. From manufacturing, to pricing, to sales, forecasting is the key to optimising revenue, and with AI at your side you can reolutionise how your business forecasting operates.
70% of global businesses are interested in using AI to support automated decision management, which includes forecasting-based decisions.
Source: IBM – January 2024
Transforming your business planning
Forecasting is the driving force behind many business decisions. Whether you are looking to optimise your supply against your demand, improve your sales turnover, or identify areas to reduce costs in your business, forecasting is often the first step to mapping out your actionable goals.
With an advanced forecasting solution from Aria, you can not only improve the accuracy of forecasts, leading to more data-driven decision making, but you can also make your forecasting processes more time-and-resource efficient. Let your AI-driven solution do the forecasting and planning work for you, so you and your team can focus on your strategic end-goals.
Embracing the future of advanced forecasting
In fast moving markets and industries where customer spending habits are constantly evolving, it is no longer enough to base your business plans just on past sales figures. Embrace the power of AI and reap the benefits of next-generation advanced forecasting.
- Anticipate changes in demand
- Strengthen your supply chain
- Understand your customers’ spending
- Bolster financial budgeting and planning
- Establish ROI-focused strategies
- Prepare for trends and seasonality
What areas of your business can benefit?
From marketing to finance, there are many areas of your business that could benefit from AI-assisted advanced forecasting.
reduction in sales costs is made possible with customer spend forecasting.
of businesses are priortising implementing AI-driven business strategies.
of businesses feel their forecasting process has room for improvement.
of organisations can’t currently forecast more than 2 months in advance.
Sources: Harvard Business Review | Forbes | Kantata & Forrester
Overcoming barriers to AI adoption
At Aria, we understand there may be some anxiety and trepidation towards integrating AI with your forecasting processes. Our priority is, and always will be, you and your team. Our aim is to empower you to meet your goals and improve your operations, using AI as a tool to help you get there.
We always make sure to implement robust security measures, as we recognise the importance of protecting your sensitive forecasting data. We ensure compliance with data privacy regulations, establishing transparency and trust with your customers, and safeguarding against cybersecurity breaches.
While AI can be used to automate and streamline many aspects of forecasting, we believe that human input and oversight will always be essential. Our solutions aim to strike the right balance between AI and human intervention, maintaining your level of control and accountability across processes and operations.
Adopting transparent and ethical AI practices helps avoid biases and ensures fair treatment across all forecasting activities. Maintaining stakeholder trust and supporting long-term sustainability in your AI-driven forecasting process is a priority for us, which is why we always operate in line with our responsible AI initiative.
Advanced forecasting across industries
Every industry has unique forecasting challenges and requirements to be met, which is why our solutions are tailored to your business needs.
Industries we work with
Retail / E-commerce: Understand your customers’ spending habits and proactively adjust your strategies to future changes in supply or demand.
FMCG: Use advanced forecasting to optimise your supply rate and improve turnover, while reducing the risk of stockouts or over stocking.
Hospitality: Accurately forecast both customer demand and internal resource needs for more seamless and cost-effective processes.
Pharmaceutical: Establish data-backed business strategies based on advanced forecasting outcomes, allowing you to prioritise ROI and resource allocation.
Manufacturing: Use advanced forecasting to optimise your sales funnel and reduce your supply chain expenses in scope of predicted demand.
And more: Whatever your industry, at Aria we can support you in achieving an AI-driven advanced forecasting process that meets your business needs.
Empowering your business with AI-driven advanced forecasting
At Aria, we have the experience and expertise to support you in every stage of your AI journey. We go beyond consultancy and solution development, and aim to empower your team long-term.
Managed AI services
Starting with data preparation and consultancy, we provide an end-to-end suite of managed AI services.
Custom AI development
No ‘one size fits all’ solutions here – our team will develop your custom solution based on your needs.
Onboarding and training
We’ll make sure your team has all the training they need to use your new solution to its maximum potential.
Long-term support
With a 95% retention rate, our customers benefit from long-term consultancy and support from our team.
Are you ready to embrace AI?
Discuss your requirements with us and see how Aria can maximise the efficiency of your business.