In 2024, businesses will continue to focus on innovative ways to harness their vast repositories of data, driven by advanced technologies like AI and Machine Learning. Staying informed of these data analytics trends can help companies remain competitive, improve decision-making, and drive operational efficiency. Let’s explore the top 10 data and analytics trends to watch…
Price elasticity of demand (PED) demonstrates the variation in consumer price demand. Businesses can inevitably gain insight into customer behavior and pricing strategies using CPG, supply chain, and data analytics. This article delves into the need for PED, its related factors, and how data analytics will benefit through better pricing decisions. What is the Price…