Companies face the challenge of identifying volatilities early on, for example in price, raw materials or the like, and making informed decisions, while relevant information is distributed across numerous external sources.
Maxitory supports organizations in analyzing price, competitive and market developments on a data-driven basis and making forecasts structurally usable.
Category:
Data & Analytics Consulting
services:
Price forecasting & Forecasting
Data integration & data preparation
AI-supported analysis
Dashboard & web application
Decision support
team:
Manager - Konstanze
Date:
November 22, 2023
Initial situation & challenge
The desire for more transparency, planning security and data-based decisions in volatile prices and markets.
Many companies face the challenge that data from competitors, market developments or trends are available in industry reports or websites, which increasingly brings challenges:
Price-relevant data is available in distributed reports and market sources
Manual evaluation is time-consuming and prone to errors
Historical data is considered in isolation
Forecasts are missing or incomprehensible
Decisions are based on assumptions instead of consolidated data
The goal was to develop a dashboard that displays the information in a bundled manner and also automatically derives recommendations for action and forecasts.
Maxitory's solution approach
End-to-End Sales Automation
Maxitory considers forecasts as an end-to-end analysis process – from the data source to the decision-making basis.
The goal is a central, automated and transparent web application that brings together historical price developments, trends and forecasts.
Typical components of the approach:
Connection of relevant market and price data sources
Automated data preparation and standardization
Modeling of price trends and forecast scenarios
Visualization in an understandable, web-based interface
“Value is not created by data – but by the ability to understand developments at an early stage.” Konstanze Beiner
Implementation & methodology
The innovation
Results & Added Value
Enable satisfaction and success
Through the use of our analysis boards, measurable and sustainable added value can be created by Maxitory:
Central view of price trends and developments
Reduced manual analysis effort
Higher transparency in price assumptions
Improved decision quality through forecasts and scenarios
Scalable basis for further market analyses
Business, purchasing and competition decisions can thus be made more reliably and data-supported. Without missing important factors and developments.
Exemplary ROI & Business Impact
Use Case ROI Results
*Maxitory cannot guarantee an ROI.
Results are highly dependent on availability and quality and may vary.
The use case shows how AI-supported market forecasts can help companies to better understand volatile markets and secure decisions on a data-driven basis.
We promise to support you in the best possible way!
K. Beiner
