Category: Analytics

Financial Services Institutions (FSIs) are looking for opportunities to exploit interoperability across a collaborative ecosystem to boost transactions through their channels, partners’ channels, and payment methods. From this post: “Forrester asserts that aggregators and intermediaries that create value across industries will become important agents in a diverse collaborative ecosystem. However, not all organizations have the […]

Introduction The purpose of this blog is to demonstrate one method of how effortlessly you can automate the data extraction, transformation, and building of an accurate power-demand forecasting pipeline using Amazon Web Services (AWS) services, such as Amazon Forecast, a time-series forecasting service based on machine learning (ML). This blog describes how Power Trading Corporation […]

Introduction We often take for granted how easy it is to fly across the country or world on any given day. Yet, airlines face challenges, like unplanned weather events, wild fires, geopolitical events, logistical problems, and other external factors that impact their regular operations, more often than you’d expect. Such events lead to irregular operations, […]

Over the past two decades, the value of software in vehicles has risen dramatically. Software in vehicles we drive has usually been embedded into proprietary hardware. Updating and improving such software was usually done by bringing the vehicle in for service, and then updating the firmware with legacy and proprietary systems. In a software defined […]

To personalize the customer experience, BMW Group uses data to power artificial intelligence (AI) and machine learning (ML) solutions from Amazon Web Services (AWS). All workflows must comply with stringent data privacy laws that vary among the 140 countries where BMW operates. BMW Group’s solution After obtaining permission from vehicle owners, BMW Group ingests data […]

In this edition of the Financial Services Industry (FSI) Services Spotlight monthly blog series, we highlight five key considerations of Amazon OpenSearch: achieving compliance, data protection, isolation of compute environments, automating audits with APIs, and operational access and security respectively. Each of the five areas will include specific guidance, suggested reference architectures that can help […]

Industry challenge Every tax season, global financial technology company Intuit faces high demand from over 100 million customers seeking advice for preparing their taxes on its artificial intelligence (AI)–driven expert platform. To uphold its mission of powering prosperity around the world, Intuit transformed its systems and infrastructure using the latest technologies from Amazon Web Services […]

Retailers use demand forecasting to anticipate customer needs and optimize supply decisions. Like most industries, demand forecasting in retail industry uses large amounts of historical data to predict future consumer demand. These forecasts depend upon analyses of variables that impact demand, such as seasonality, promotions, inventory levels, and market trends. Prediction accuracy is influenced by […]

The Challenge Manufacturers that distribute products and manage inventory at many geographically dispersed sites struggle to predict replenishment timing and quantity accurately. For example, chemical manufacturers bound to vendor-managed inventory agreements make truck rolls to thousands of remote tank sites either when the tank is already empty (too late) or when the tank level is […]

The importance of asset tracking Every day, Amazon.com receives millions of shipments from suppliers. A purchase order from Amazon to a supplier typically includes a large quantity of shipping containers, or assets, that will be delivered to various Amazon warehouses at different times. To determine if items are lost or misplaced in the large, complicated […]