With its predictive applications, Blue Yonder makes sound business decisions possible. The company does this by combining the intelligence of its software with the analytical strengths of Exasol.
To provide reliable analyses for its customers, Blue Yonder needed a highly scalable database.
Exasol’s analytics database enables free scalability and quick and flexible adjustments to growing amounts of data.
Scalability, reduced administrative costs with efficient compression algorithms and self-tuning capabilities.
On an hourly basis, huge amounts of data flows into our customers’ databases. For us to continually provide reliable analyses, a database with high scalability is imperative. More data allows us to make better forecasts.
Better forecast results from Blue Yonder’s predictive applications
of data records assessed a week
high performing technology systems
In traditional trade and e-commerce, retailers tend to tread a fine line between increased out of-stock risk and no purchases because margins are too high. And knowing the optimum stored quantity of a product not only means that shelves are always filled with the correct amount. It also reduces subsequent storage or logistics costs. To make such important forecasts, retailers need reliable and accurate analyses to make over-stocking and under-stocking things of the past.
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- Application Loading...Data Science
- Database Exasol
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Calculated purchasing variety
The applications in Blue Yonder’s Loading...Predictive Analytics Suite quickly recognise which factors correspond to a customer’s daily business. “Digital merchandise management customers obtain up to 40% better forecast results from our predictive applications,” says Jan Karstens, CTO at Blue Yonder. With data analysis from various source systems, Blue Yonder calculates precise forecasts of product needs for leading retailers such as the dm drugstore chain or the online retailer OTTO. Information from enterprise resource planning (ERP) or customer relationship management (CRM) systems – as well as data from merchandise management or even weather forecasts – are included in the analyses. Consequently, retailers can make effective and meaningful use of the data collected. Using the forecasts, businesses can optimise their stock availability, dynamically structure prices, or continuously reduce surpluses in perishable foodstuffs.
Such accurate calculations, however, would not be possible without the correct database. Scalability was a relevant factor for Blue Yonder in selecting an analytical database. “On an hourly basis, huge amounts of data flows into our customers’ databases. For us to continually provide reliable analyses, a database with high scalability is imperative. More data allows us to make better forecasts,” explains Karstens.
For several years there has been a successful partnership between Blue Yonder and EXASOL. The result of this cooperation is a future-oriented combination of intelligent forecasting software married to the high performance analytical database of EXASolution. The database enables free scalability and quick and flexible adjustments to growing amounts of data. At the same time, it reduces administrative costs with efficient compression algorithms and self-tuning capabilities. Blue Yonder customers benefit from a symbiosis of two technologically high-performing systems to enable optimum data handling.
The benefits for blue yonde
More than 1 billion sales forecasts
“Without scale limits, retailers and e-commerce companies develop into data-driven sectors that use their data super-efficiently,” explains Karstens. “On a daily basis, we generate more than 1 billion sales forecasts and assess hundreds of millions of data records a week for our customers. Demand forecasts that are exact to the day, hour, or even minute replace empirically based figures and hunches by the people responsible.” Thus, cost-effective analyses and forecasts effectively support companies in intelligent goods procurement. Retailers can quickly ascertain what order amounts are needed on what day. This reduces out-of-stock risks as well as expensive residual stock taking up unnecessary space. Online retailers can also dynamically set prices and directly react to shop demand – with one big advantage: more sales.
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