Enhancing data science with AI - Workcloud Modeling Studio
Summary
“At its core, Workcloud Modelling Studio is a low code/no code, data science-oriented, machine learning platform to build end-to-end, scalable forecasting pipelines,” explains Wegman. The Workcloud Modeling Studio offers a suite of AI algorithms specifically tailored for the Retail and Consumer Products sectors, addressing a range of challenges such as forecasting, demand planning, assortment optimization, allocation, and stock replenishment. “The low code/no code aspect interacts with all these libraries that we have built, which we then leverage alongside the three big Cloud computing platforms (Amazon, Google, and Microsoft) to run everything off of,” Wegman explains. “The spirit of experimentation is absolutely at the heart of this, business stakeholders and data scientists have all kinds of ideas about what could potentially improve forecasts, and a lot of things don’t end up working. On the business side of things, Workcloud Modeling Studio maintains its ability to address the key areas of concern such as strong forecasting, replenishment, assortment, pricing, allocation, segmentation, and more.