Forecasting Individual Customer Lifetime Value: Why You Should Not Use External Data
There are two types of historical data to use for predictive analytics and sales forecasting: internal and external data. How to know which one to choose?
Making a forecast always requires planning under conditions of uncertainty. Successful sales executives plan and execute an accurate sales forecast using data. For an aggregated, precise sales plan, it is necessary to consider forecasting the individual customer lifetime of the client base.
There are different data sources that executives can use to forecast sales. Some of them count for internal factors while others count for external factors.
New Partnership between Qymatix Solutions GmbH and ORBIS AG
Karlsruhe, 10.02.2022. Qymatix Solutions GmbH cooperates with ORBIS AG. ORBIS supports medium-sized companies as well as international corporations in the digitalization of their business processes. The goal of the partnership is to accelerate the adoption of new AI technologies with the Qymatix Predictive Sales Software. Artificial intelligence "out-of-the-box", instead of long AI projects.
Data Mining in ERP for Sales - All About It!
ERP Data Mining: what we learnt from analysing 100 million of B2B sales transactions.
Data mining is the application of a varied assortment of statistical techniques to ERP datasets. Companies nowadays use data mining to predict outcomes, identify sales trends, prevent customer churn, and dynamically adjust pricing strategies.
Mining enterprise resource planning (ERP) sales data is critical in Business-To-Business, where small improvements in sales efficiency can have a significant impact on results. Mining ERP sales data helps customers to unlock a significant amount of value, discover quick-wins, and to prioritise their sales activities. Automatizing this process is possible today with the help of artificial intelligence (AI).
Why Projects using AI in B2B Sales fail and yours will too
Successful organizations do not underestimate the complexity and hidden costs of artificial intelligence (AI) projects.
Artificial intelligence (AI) for sales has become an arms race. Correctly employing it will separate the winners from the losers in Business-to-Business (B2B). There are, however, very high chances that your AI project will not deliver the promised ROI or will ultimately fail.
What You Need from Sales Reporting Software Today
Sales Reporting Software: a critical tool for efficient sales management and control in B2B.
Reporting sales has become a fact-of-life for B2B sales managers. Selecting a sales reporting software can make or break any sales operations. Companies can no longer underestimate its importance.
The sales reporting should include the most critical key performance indicators (KPI) of the sales force. You should reduce the number of KPI to the minimum possible.
Qymatix awarded as a winner of the competition "100 places for industry 4.0 in Baden-Württemberg"
Karlsruhe, 03.08.2020. By video message, State Secretary Katrin Schütz awarded the winners of the „100 Orte für Industrie 4.0 in Baden-Württemberg“.
We are proud that Qymatix Solutions GmbH has been distinguished as one of only 13 companies on the topic of artificial intelligence.
The "Alliance Industry 4.0 Baden-Württemberg" aimed to discover innovative business concepts with this competition. These innovative business concepts should be successfully implemented in an industrial environment. Critical aspects for the evaluation criteria of the expert-jury were the degree of innovation and the practical relevance for Industry 4.0.
The Top 5 ERP Sales Data Mining Techniques You Need in B2B Now