Why AI-based B2B Sales Forecasting is Important and Still Fails
Do you want to realize your potential in B2B sales and be more successful than the competition? Accurate AI-based b2b sales forecasting is an insider's tip - right?
To help you understand what you should know primarily about b2b sales forecasting, I will quote Editor-in-Chief Michael Gilliland, who has published several articles in "The International Journal of Applied Forecasting."
"Our forecasts are never as accurate as we would like them to be or as they should be. The result is a great urge to throw money at the problem in the hope that the problem will go away. There are many consultants and software vendors out there who will scoop up the money in exchange for promises to improve forecast quality, but those promises still need to be fulfilled. Many organizations, perhaps including yours, have spent thousands or even millions of dollars on the forecasting problem, only to end up back with the same lousy forecast."
Sounds very motivating. The quote does not mean to be an introduction to an anti-forecast article, but it reflects the reality in many companies.
Artificial Intelligence vs Business Intelligence - What is really self-service business analytics?
The difference between Business Intelligence (BI) and Self-Service BI and why Qymatix Predcitive Sales Software is not a traditional Self-Service BI solution.
2018 said Carlie J. Idoine, Research Director at Gartner:
"The trend of digitalization is driving the demand for analysis in all areas of modern business and administration.”
That's right. Not only large companies and big players, but also more and more SMEs have recognised the value of data analysis: Data-supported decisions to achieve corporate goals.
Generate Extra Sales With Cross-Selling and Artificial Intelligence.
Qymatix Predictive Sales Software leverages customer data to make product recommendations that maximize Cross-selling conversion rates.
The Ethics of Artificial Intelligence: Why AI Needs an Ethical Basis | Part 2
The Ethics of Artificial Intelligence: Part 2 of 2: an in-depth plea for an ethical basis in the field of AI by our Qymatix guest author David Wolf.
If you want to read Part 1 first, click here.
Ethics in Conversational AI: What should a bot do, and what should it not do?
Artificial intelligence is like other things in life: just because you can do something doesn't mean you should. One example of this is conversational AI and, in particular, chatbots. Chatbots can be helpful in marketing, service and support. For example, these digital helpers automate a website's interaction with visitors to create an optimal user experience and quickly and efficiently handle customer inquiries even when there are no longer any flesh-and-blood employees sitting in front of the computer. But: Who pays attention to ethical aspects when developing chatbots?
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The Ethics of Artificial Intelligence: Why AI Needs an Ethical Basis | Part 1
The Ethics of Artificial Intelligence: Part 1 of 2: a very well-researched and in-depth article by our Qymatix guest author David Wolf.
Whether in production, marketing, sales or logistics - artificial intelligence optimizes processes and takes over routine tasks. People also hope for better, i.e. more objective, decisions from AI.
That is where it gets tricky. How can machines "decide" objectively if those who develop the algorithms cannot? A plea for the ethical evaluation of AI based on its respective impact on society.
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Three B2B Sales and Marketing Must-Have Software Tools for an Optimal Sales Funnel
Navigating the technology jungle: Three B2B sales & marketing must-have software tools for a secure future.
There is a reason for the term "technology jungle". As a B2B company, it is often difficult to decide which tools for marketing and sales it should include in the software portfolio.
Artificial intelligence, in particular, offers new opportunities to harness the company's data. Many medium-sized B2B companies, such as wholesalers or manufacturers, have recognized this problem
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Retain Customers with Artificial Intelligence - Churn Prediction
Reduce customer churn and attrition with Qymatix Predictive Sales Software.
Artificial Intelligence in SAP R3, ECC and HANA
The differences between SAP R3 and S4 HANA - and how SAP automates pricing.
Artificial intelligence (AI) is a rapidly developing field that has the potential to revolutionise B2B sales. One of the companies at the forefront of AI adoption is SAP, a global software corporation that provides enterprise software (ERP) to manage business operations and customer relations.
In this blog post, we will explore the role of AI in SAP's products and services and discuss how the company uses AI to automate pricing and sales analytics.
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Earn Millions of Euros with Dynamic Pricing Analytics
Automate personalisation and pricing processes in B2B using Qymatix B2B Pricing Analytics Software.
Predictive Analytics Blog - The Best of 2022
The year is coming to an end, and with that, we present you in this post our five most successful blog articles from 2022.
This year, we've also earned our Christmas break, because as John Steinbeck said so well, "The art of resting is part of the art of working."