How do you forecast accurately in Business Central?
Machine learning is a fascinating and cutting-edge technology for turning your data into predictive and actionable analytics.
But how do we separate the buzz words from the real value?
Thankfully the tools and technology available today makes these great modeling techniques accessible for organizations of all sizes in a cost-effective way. Our team is able to implement tailored machine learning models directly into your current Business Central & Navision giving your team insights and analysis at their fingertips.
What exactly is Machine Learning?
In attempt to simplify,
Machine learning is a method for training systems to make specific predictions.
The method involves steps of taking the input data and creating many new representations of that data and then finding the statistical relationships between those representations to make the prediction.
A practical example
Let's say your team is plagued by late payments from customers. Having the ability to predict which invoices will be paid late would prove invaluable in managing cash flow and expenses.
Machine learning is a tool that can be used to predict which invoices will be paid late allowing your team to act proactively, rather than re-actively.
Where do you use Machine learning in Business Central?
Within Business Central & Navision there are standard out-of-the-box methods for enabling Artificial Intelligence & Machine Learning methods. These methods include:
