iERP.ai sales forecasting with Corona

Inspiration

iERP.ai is developing a sales forecasting algorithm, discount recommendation, next best offer, and our iERP Studio on-premise platform for more than 18 months. Our solutions are helping businesses to predict different aspects of their business with easy to use interface. Our key advantage is privacy as data processing is completely done on-device without the usage of external resources.

When COVID-19 becomes pandemic significantly impacting a business's ability to do sales, we develop https://businesswithcorona.com/ platform forecasting business impact. We are now integrating COVID-19 historical data and forecasts to the sales forecasting algorithm. This capability will significantly enhance the precision of sales forecasting algorithm in these uncertain times.

Problem

The spread of covid-19 completely changed the business environment. Some sectors like travel, hospitality, and event sectors completely stopped and other sectors like agriculture, online retail, and food industries become overwhelmed.

What it does

In order to help struggling business owners, during hackaton started to create inventory demand and sales forecasting algorithm which will take covid-19 data into consideration.

This predictive algorithm will forecast sales of products with covid-19 daily updated health data as well as risk scores calculated based on government regulations in place for each country.

Impact

Impact of this software can be significant as businesses will be able to determine when to re-open their stores, what products to purchase from oversees, and when to hire additional staff.

Businesses during gradual re-opening of economies will need to take hard decisions and our iERP inventory demand and sales forecasting algorithm will be one of the tools which will help them during this period of uncertainty.