{"id":95721,"date":"2024-08-23T10:44:54","date_gmt":"2024-08-23T07:44:54","guid":{"rendered":"https:\/\/www.instinctools.com\/?post_type=success-stories&#038;p=95721"},"modified":"2025-09-12T17:10:45","modified_gmt":"2025-09-12T14:10:45","slug":"ml-demand-forecasting-for-an-ecommerce-company","status":"publish","type":"success-stories","link":"https:\/\/www.instinctools.com\/success-stories\/ml-demand-forecasting-for-an-ecommerce-company\/","title":{"rendered":"ML Demand Forecasting For an Ecommerce Company"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"95721\" class=\"elementor elementor-95721\" data-elementor-post-type=\"success-stories\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4bd488e6 elementor-section-full_width elementor-section-height-min-height elementor-section-height-default elementor-section-items-middle\" data-id=\"4bd488e6\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-352baa33\" data-id=\"352baa33\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-33b6c59e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"33b6c59e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-11ffa7e2\" data-id=\"11ffa7e2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3b72ec35 elementor-widget__width-initial elementor-widget-tablet__width-inherit heading-1 elementor-widget-widescreen__width-initial elementor-widget elementor-widget-heading\" data-id=\"3b72ec35\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">ML-Powered Demand Forecasting For a Canadian Ecommerce Company<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7052603a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7052603a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-1fed6974\" data-id=\"1fed6974\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ef998f elementor-widget__width-initial elementor-widget-tablet__width-inherit lead elementor-widget-widescreen__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"7ef998f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>How replacing a traditional forecasting model in Excel with ML-based demand forecasting and Power BI visualization empowered a Canadian clothing retailer to step up their long-term forecasting accuracy <strong>from 23% to 92%<\/strong>, lower stockouts to <strong>10%<\/strong>, and keep overstock within the <strong>5%<\/strong> range. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1422c59b elementor-widget__width-initial elementor-widget-tablet__width-inherit lead elementor-widget-widescreen__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"1422c59b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Industry<\/strong>:<br \/>Ecommerce<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4c9ea5e elementor-widget__width-initial elementor-widget-tablet__width-inherit case-pdf-download elementor-mobile-align-center elementor-widget-widescreen__width-initial elementor-widget-laptop__width-initial elementor-widget elementor-widget-global_button\" data-id=\"4c9ea5e\" data-element_type=\"widget\" data-widget_type=\"global_button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n        <div class=\"global-button-wrapper \">\n            <a href=\"#\" class=\"global-button global-button-link global-button-type-filled global-button-size-l \">\n                <span class=\"global-button-content-wrapper\">\n                    <span class=\"global-button-text\">Download<\/span>\n                                    <\/span>\n            <\/a>\n        <\/div>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7df86f7a elementor-widget__width-initial elementor-widget-tablet__width-inherit elementor-widget-widescreen__width-initial case-tags elementor-widget elementor-widget-text-editor\" data-id=\"7df86f7a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Software Product Development<\/p><p>AI Development<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f4634e6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f4634e6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-363b0e77\" data-id=\"363b0e77\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6b19c9e8 elementor-widget elementor-widget-breadcrumbs\" data-id=\"6b19c9e8\" data-element_type=\"widget\" data-widget_type=\"breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p id=\"breadcrumbs\"><span><span><a href=\"https:\/\/www.instinctools.com\/\">Home<\/a><\/span><\/span><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-decf2a elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"decf2a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6d254c0f\" data-id=\"6d254c0f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-702ec15e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"702ec15e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-7d5bd36a\" data-id=\"7d5bd36a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ccf3636 heading-2-bold elementor-widget elementor-widget-heading\" data-id=\"1ccf3636\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Business challenge<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-13a46c05 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"13a46c05\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7e8cbe64\" data-id=\"7e8cbe64\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6ef08c0b elementor-widget-tablet__width-inherit body elementor-widget elementor-widget-text-editor\" data-id=\"6ef08c0b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Understanding exactly what, when, and in what quantities your customers want is a prerequisite to building a stable <strong>ecommerce business<\/strong>.<strong> Therefore, all ecommerce companies use some form of demand forecasting, often relying on rule-based linear regression analysis in Excel<\/strong>. However, as the ecommerce landscape continues to evolve, reaching the point when <strong>good enough isn\u2019t enough anymore<\/strong>.<\/p><p>While traditional methods might still work for short-term planning, they keep failing to highlight longer-term insights. <strong>Quickly processing data from multiple external and internal sources or providing a comprehensive view of future trends is simply beyond the rigid systems\u2019 capacity<\/strong>. The complexities of modern consumer behavior, influenced by myriads of fluctuating factors, require more advanced solutions \u2014 specifically, machine learning (ML) algorithms. For instance, <strong>present-day ML-based demand forecasting models are known to provide up to 98% accurate predictions<\/strong>. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-775bb8e2\" data-id=\"775bb8e2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5270fcd elementor-widget-tablet__width-inherit body elementor-widget elementor-widget-text-editor\" data-id=\"5270fcd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Our client \u2014 a Canadian clothing manufacturer and online retailer \u2014 wanted to <strong>go beyond Excel-based analytics and myopic demand forecasting<\/strong>, solely grounded on historical dynamics and static consumer buying patterns. With garment factories in Vietnam and a customer base in Canada, they expected an intelligent forecasting model to optimize inventory planning and supply chain management.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1a2a314 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1a2a314\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6e6367b blue\" data-id=\"6e6367b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-04fe1ce elementor-widget-tablet__width-inherit body elementor-widget elementor-widget-text-editor\" data-id=\"04fe1ce\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The major <strong>shortcomings of their current spreadsheets-based prediction model<\/strong> included:<\/p><ul><li>Manual data analysis<\/li><li>High dependence on the analysts for data interpretation<\/li><li>Low accuracy of long-term predictions<\/li><li>\u2018Bullwhip effect\u2019 of supply chain inefficiencies<\/li><li>Inability to adjust forecasts to new data and market changes right away<\/li><li>Permanent stockouts and overstock<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e79bdd1\" data-id=\"e79bdd1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-905674e elementor-widget-tablet__width-inherit body elementor-widget elementor-widget-text-editor\" data-id=\"905674e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As the limitations of their current approach became more apparent, the client decided to explore ML-driven solutions and started scanning the IT market for a tech partner to craft a highly accurate demand forecasting model. They also wanted to combine <strong>ML forecasting implementation with the adoption of data visualization software<\/strong> to make demand forecasts easy to grasp for a wide range of users.<\/p><p>After evaluating several potential ISO-certified vendors, they delegated the project\u2019s heavy lifting to *instinctools\u2019 <strong>dedicated team of top-tier <a href=\"https:\/\/www.instinctools.com\/data-analytics-services\/\" target=\"_blank\" rel=\"noopener\">data analytics<\/a> experts, ML engineers, and BI specialists<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-59dda58a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"59dda58a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4f7c684d\" data-id=\"4f7c684d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6e666af elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6e666af\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-43d459b3\" data-id=\"43d459b3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d238139 elementor-widget__width-initial elementor-absolute heading-2-bold elementor-widget-mobile__width-initial elementor-widget elementor-widget-heading\" data-id=\"3d238139\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\"><span>The<\/span> outcomes they expected to achieve <span>within our cooperation included:<\/span><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0edca4b elementor-widget__width-initial body elementor-widget-mobile__width-inherit elementor-widget-tablet__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"0edca4b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"heading-4-bold\"><span style=\"color: #809cd0;\">Long-term predictions<\/span><\/p>\nwith over 90% accuracy\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34f416f elementor-widget__width-initial body elementor-widget-mobile__width-inherit elementor-widget-tablet__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"34f416f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"heading-4-bold\"><span style=\"color: #99cc00;\">Automation<\/p><\/h4>\nof the forecasting processes\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-660abb7 elementor-widget__width-initial body elementor-widget-mobile__width-inherit elementor-widget-tablet__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"660abb7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"heading-4-bold\"><span style=\"color: #ffc000;\">Stockouts<\/span><\/p>\n&lt; 10%\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccafba1 elementor-widget__width-initial body elementor-widget-mobile__width-inherit elementor-widget-tablet__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"ccafba1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"heading-4-bold\"><span style=\"color: #8c66de;\">Overstock<\/span><\/p>\n&lt; 5%\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d06874 elementor-widget__width-initial body elementor-widget-mobile__width-inherit elementor-widget-tablet__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"9d06874\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"heading-4-bold\"><span style=\"color: #ff0000;\">The capability<\/span><\/p>\nto instantly factor in new data and market changes\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0bcc26d elementor-widget__width-initial body elementor-widget-mobile__width-inherit elementor-widget-tablet__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"0bcc26d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"heading-4-bold\"><span style=\"color: #809cd0;\">Multidimensional modeling<\/span><\/p>\nand comparisons of what-if scenarios for\npromotions, market fluctuations, etc.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9b143f elementor-widget__width-initial body elementor-widget-mobile__width-inherit elementor-widget-tablet__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"d9b143f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"heading-4-bold\"><span style=\"color: #99cc00;\">Wide accessibility<\/span><\/p>\nof ML-powered insights thanks to integration\nwith data visualization tool\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7091801 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7091801\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-3004c75\" data-id=\"3004c75\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-92c8fda elementor-widget__width-initial elementor-widget-tablet__width-inherit body elementor-widget elementor-widget-text-editor\" data-id=\"92c8fda\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>See how we approached the task, what challenges we faced and overcame.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1ba382ea elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"1ba382ea\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-11d8e107\" data-id=\"11d8e107\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-93418c5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"93418c5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7b83d22\" data-id=\"7b83d22\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-de75166 heading-2-bold elementor-widget elementor-widget-heading\" data-id=\"de75166\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Solution<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ed2cbe9\" data-id=\"ed2cbe9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3b76e81 elementor-widget-laptop__width-inherit body elementor-widget-widescreen__width-inherit elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"3b76e81\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The client was <strong>already using Microsoft corporate products<\/strong>, such as Dynamics365, Azure SQL database, etc., so they wanted to keep their tech stack consistent and opt for <strong>Azure ML<\/strong>. Moreover, they were also leveraging Power BI for visual insights in other departments.<\/p><p>However, they lacked in-house capacity and expertise to manage this software implementation initiative. Therefore, the *instinctools team was tasked with developing and integrating demand forecasting and data visualization tools into the client\u2019s software ecosystem.<\/p><p>Here\u2019s a <strong>system overview<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-991b8e5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"991b8e5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-1eb0c5a\" data-id=\"1eb0c5a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aaeded3 elementor-widget__width-initial elementor-widget-laptop__width-inherit elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"aaeded3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1194\" height=\"555\" src=\"https:\/\/www.instinctools.com\/wp-content\/uploads\/2024\/08\/ml-demand-forecasting-for-an-ecommerce-company-image1-new.png\" class=\"attachment-full size-full wp-image-96828\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d92328 elementor-hidden-widescreen elementor-hidden-desktop elementor-hidden-laptop elementor-hidden-tablet elementor-widget elementor-widget-image\" data-id=\"2d92328\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"1522\" src=\"https:\/\/www.instinctools.com\/wp-content\/uploads\/2024\/09\/ml-demand-forecasting-for-an-ecommerce-company-image1-mobile-new.png\" class=\"attachment-full size-full wp-image-96835\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3f64cca6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3f64cca6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-75c2bcf0\" data-id=\"75c2bcf0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-28991bfa custom-ordered-list custom-ordered-list--big custom-ordered-list--blue heading-4-bold elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"28991bfa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ol>\n \t<li><h3 class=\"heading-4-bold\">Training a recurrent neural network (RNN) on the client\u2019s data<\/h3><\/li>\n<\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5f426ff elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f426ff\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-fbe2a60\" data-id=\"fbe2a60\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fd96ceb elementor-widget__width-initial elementor-widget-tablet__width-inherit body elementor-widget elementor-widget-text-editor\" data-id=\"fd96ceb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Azure ML allows you to train your own ML model, save it in the registry, and then deploy in production. Based on our hands-on experience in similar projects, we chose a recurrent neural network (RNN) as a go-to option for demand forecasting tasks. After getting the client\u2019s approval, our data scientists and ML engineers proceeded to work on the model\u2019s exact architecture to incorporate the client\u2019s dataset. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-fba4d46 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fba4d46\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-c91ff87\" data-id=\"c91ff87\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f57ce85 elementor-widget-laptop__width-inherit elementor-widget__width-initial body elementor-widget elementor-widget-text-editor\" data-id=\"f57ce85\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As the client has been considering implementing an ML-powered demand forecasting model for a while, they\u2019ve put data cleanliness, accuracy, and completeness on the front burner long before taking on the ML adoption. Nevertheless, our <strong>data scientists run data cleaning procedures<\/strong> to ensure the dataset with diverse information from the client\u2019s website, social media, third-party marketplaces, etc. is neatly organized. It greatly contributed to fast-tracking the project and getting a precise forecasting model that accurately reflects customer behavior and preferences while taking into account macro- and microeconomic events.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2ac36d0\" data-id=\"2ac36d0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68c380a elementor-widget-laptop__width-inherit elementor-widget__width-initial body elementor-widget elementor-widget-text-editor\" data-id=\"68c380a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>We <strong>split the data into training and validation sets, following the standard 80\/20 ratio<\/strong> \u2014 80% of data for training, and the rest 20% for validation. Splitting was performed randomly to eliminate bias in both sets and, thus, boost the model\u2019s prediction reliability.<\/p><p>As the client didn\u2019t have the necessary high-performing GPUs in place and didn\u2019t plan to update their hardware park in the near future, it was more budget-wise for them to leverage Azure-based computing resources for the RNN training rather than invest in their own GPUs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-324bd6c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"324bd6c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-709b9ce\" data-id=\"709b9ce\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-37d072e elementor-widget__width-initial elementor-widget-tablet__width-inherit body elementor-widget elementor-widget-text-editor\" data-id=\"37d072e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Through multiple re-training cycles of the ML-powered prediction model, we <strong>hit the 92% accuracy mark<\/strong>, with potential to reach 98% over time.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7481519 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7481519\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-1e92f3f\" data-id=\"1e92f3f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-888d2bc custom-ordered-list custom-ordered-list--big custom-ordered-list--blue heading-4-bold elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"888d2bc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ol>\n \t<li><h3 class=\"heading-4-bold\">Addressing two major challenges of ML-driven demand forecasting<\/h3><\/li>\n<\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-9126929 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9126929\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2fe367b\" data-id=\"2fe367b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1585e5d elementor-widget-tablet__width-inherit heading-5 elementor-widget__width-initial elementor-widget-laptop__width-inherit elementor-widget elementor-widget-heading\" data-id=\"1585e5d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Ensuring a seamless ML lifecycle<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1951c94 elementor-widget-laptop__width-inherit blue body elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"1951c94\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.instinctools.com\/blog\/ai-development\/\" target=\"_blank\" rel=\"noopener\">The adoption of AI<\/a> and ML isn\u2019t all sunshine and rainbows. To <a href=\"\/blog\/ai-model-optimization\/\">preempt issues<\/a> that might affect the model\u2019s performance, we established a structured and transparent ML workflow, relying on best <a href=\"\/mlops-consulting-services\/\">MLOps<\/a> practices:<\/p><ul><li>Automated data pipelines for data collection and preprocessing<\/li><li>Version control of the model training<\/li><li>Standardized and traceable deployments<\/li><li>Auto re-training mechanism in case of data changes<\/li><li>Continuous model performance monitoring with auto alerting of any issues<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-76c6268\" data-id=\"76c6268\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4b81d93 elementor-widget-tablet__width-inherit heading-5 elementor-widget__width-initial elementor-widget-laptop__width-inherit elementor-widget elementor-widget-heading\" data-id=\"4b81d93\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Tackling software maintenance complexity<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2dfc2a8 elementor-widget-laptop__width-inherit body elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"2dfc2a8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You still need human oversight to make the most out of artificial intelligence. Since the client doesn\u2019t have in-house data scientists and ML engineers, they decided to retain our experts for <a href=\"\/application-support-and-maintenance\/\">adaptive software maintenance<\/a> to modify the model in line with the updates in the company\u2019s policies, regulations such as GDPR, and other possible post-deployment changes. Our specialists also stay in charge of <strong>regular re-evaluation and updates of the training and validation sets<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f711e1a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f711e1a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-fa64815\" data-id=\"fa64815\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64e5bad custom-ordered-list custom-ordered-list--big custom-ordered-list--blue heading-4-bold elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"64e5bad\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ol>\n \t<li><h3 class=\"heading-4-bold\">Making ML-based demand insights accessible across the company<\/h3><\/li>\n<\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-816f831 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"816f831\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6bb49cc\" data-id=\"6bb49cc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-56ddb17 elementor-widget__width-initial elementor-widget-tablet__width-inherit body elementor-widget elementor-widget-text-editor\" data-id=\"56ddb17\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Accurate demand forecasting means nothing if not followed with timely actions. However, outputs generated by ML models are primarily designed for data scientists, limiting their accessibility to other employees. To democratize ML tools across various departments, the client decided to use Power BI for data visualization. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2f2af3a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2f2af3a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-d572eae\" data-id=\"d572eae\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bb55ac8 elementor-widget-laptop__width-inherit elementor-widget__width-initial body elementor-widget elementor-widget-text-editor\" data-id=\"bb55ac8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Both Azure ML and Power BI being part of the Microsoft stack allowed for seamless integration, enabling automatic updates to visualizations whenever the prediction model is re-trained.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-412d4c5\" data-id=\"412d4c5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-29223da elementor-widget__width-initial elementor-widget-mobile__width-initial elementor-widget-laptop__width-inherit elementor-widget-tablet__width-initial elementor-widget elementor-widget-image\" data-id=\"29223da\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"890\" height=\"478\" src=\"https:\/\/www.instinctools.com\/wp-content\/uploads\/2024\/08\/ml-demand-forecasting-for-an-ecommerce-company-image2.png\" class=\"attachment-full size-full wp-image-95774\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4db98c8 elementor-reverse-tablet elementor-reverse-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4db98c8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-9233462\" data-id=\"9233462\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-86383a4 elementor-widget__width-initial elementor-widget-mobile__width-initial elementor-widget-laptop__width-inherit elementor-widget-tablet__width-initial elementor-widget elementor-widget-image\" data-id=\"86383a4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"890\" height=\"478\" src=\"https:\/\/www.instinctools.com\/wp-content\/uploads\/2024\/08\/ml-demand-forecasting-for-an-ecommerce-company-image3.png\" class=\"attachment-full size-full wp-image-95775\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6b31af6\" data-id=\"6b31af6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-13b877f elementor-widget-laptop__width-inherit elementor-widget__width-initial body elementor-widget elementor-widget-text-editor\" data-id=\"13b877f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Here\u2019re the examples of <strong>analytical dashboards<\/strong> the client was provided with.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0784549 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"0784549\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e09d1ca\" data-id=\"e09d1ca\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fef71c3 elementor-absolute elementor-hidden-mobile elementor-hidden-laptop elementor-hidden-tablet elementor-widget elementor-widget-html\" data-id=\"fef71c3\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"draw draw_color-right draw_not-hide\"><\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3caf8a4 elementor-absolute elementor-hidden-mobile elementor-hidden-laptop elementor-hidden-tablet elementor-widget elementor-widget-html\" data-id=\"3caf8a4\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"draw draw_color-right draw_not-hide\"><\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5dd4713 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5dd4713\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-457a324\" data-id=\"457a324\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-71ed7ad heading-3 elementor-widget elementor-widget-heading\" data-id=\"71ed7ad\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Before<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-681282b elementor-widget__width-initial elementor-widget-widescreen__width-initial elementor-widget-laptop__width-inherit gray-light body elementor-widget elementor-widget-text-editor\" data-id=\"681282b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Excel-based demand forecasting limited to linear regression analysis<\/li><li>Failure to take into account all valuable external and internal data<\/li><li>High reliance on manual processes<\/li><li>Poor accuracy in long-term forecasts<\/li><li>Permanent stockouts and overstock<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-70efa2d\" data-id=\"70efa2d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-15c79c1 heading-3 elementor-widget elementor-widget-heading\" data-id=\"15c79c1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">After<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8b8e8fd elementor-widget__width-initial elementor-widget-widescreen__width-inherit elementor-widget-laptop__width-inherit body elementor-widget elementor-widget-text-editor\" data-id=\"8b8e8fd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Advanced demand forecasting with a deep learning engine at its core<\/li><li>Holistic ML model incorporating multiple internal and external data sources<\/li><li>Automated data processing and forecasting<\/li><li>High-fidelity long-term demand forecasts<\/li><li>Mitigated shortages and overstock<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9498944 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"9498944\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fa64961\" data-id=\"fa64961\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2f26148 animated-slow elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2f26148\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;none&quot;,&quot;animation_delay&quot;:0.01}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-346333c\" data-id=\"346333c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aded4d6 elementor-widget__width-initial elementor-widget-tablet__width-inherit heading-2-bold elementor-widget elementor-widget-heading\" data-id=\"aded4d6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Business value<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3b3af74\" data-id=\"3b3af74\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a7741e6 elementor-widget-tablet__width-inherit white body elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"a7741e6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><strong>92%<\/strong> demand forecasting accuracy<\/li><li>Stockouts reduced to <strong>10%<\/strong><\/li><li>Overstocks below <strong>5%<\/strong> <\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ca4f7ec elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"ca4f7ec\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-619a275\" data-id=\"619a275\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5dac1fe elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5dac1fe\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-2f32322\" data-id=\"2f32322\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b50765 heading-2-bold elementor-widget elementor-widget-heading\" data-id=\"5b50765\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Multiplier effect<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5317524 elementor-section-height-min-height elementor-section-content-middle elementor-section-boxed elementor-section-height-default\" data-id=\"5317524\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1d494e2\" data-id=\"1d494e2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-93d843b elementor-widget-tablet__width-inherit elementor-widget__width-initial elementor-widget-widescreen__width-initial body elementor-widget elementor-widget-text-editor\" data-id=\"93d843b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Is there an industry where you can hit it big without meticulous planning backed by accurate demand forecasts? Be it ecommerce, healthcare, manufacturing, entertainment and media, or any other sector, as a business owner, you have to <strong>constantly balance your offering against customer needs and market changes<\/strong>. Switching from spreadsheets to frontier forecasting can improve operational efficiency by a mile in predicting hospital visits and the need for medications, anticipating power consumption, or planning workforce \u2014 the list can go on and on. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-182d6b2 image-col-skew_new\" data-id=\"182d6b2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-46aa839 elementor-widget elementor-widget-image\" data-id=\"46aa839\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1130\" height=\"604\" src=\"https:\/\/www.instinctools.com\/wp-content\/uploads\/2024\/08\/ml-demand-forecasting-for-an-ecommerce-company-image5.jpg\" class=\"attachment-full size-full wp-image-95780\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7bf884a2 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"7bf884a2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-38578ae8\" data-id=\"38578ae8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2cd88622 elementor-widget elementor-widget-shortcode\" data-id=\"2cd88622\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t<div data-elementor-type=\"section\" data-elementor-id=\"73393\" class=\"elementor elementor-73393\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5585bb7d elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"5585bb7d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-558ccb19\" data-id=\"558ccb19\" 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data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Related capabilities<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-58a3e251 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"58a3e251\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-7a11caeb\" data-id=\"7a11caeb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-215c7889 elementor-widget elementor-widget-related_pages\" 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class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-44661f4a elementor-widget elementor-widget-template\" data-id=\"44661f4a\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"page\" data-elementor-id=\"81039\" class=\"elementor elementor-81039\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a59259c elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"a59259c\" data-element_type=\"section\" id=\"cases-form-title\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-19976e5\" data-id=\"19976e5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c3ff9c7 elementor-absolute elementor-hidden-mobile elementor-widget elementor-widget-html\" data-id=\"c3ff9c7\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"draw draw_color-right draw_green xl-hide\"><\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ca841b4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ca841b4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-27129d3\" data-id=\"27129d3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f2e2563 elementor-absolute elementor-hidden-mobile elementor-hidden-tablet elementor-widget elementor-widget-html\" data-id=\"f2e2563\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"draw draw_color-right draw_gray draw_not-hide\"><\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2af9609 elementor-widget-tablet__width-initial elementor-widget-mobile__width-initial heading-2-bold elementor-widget elementor-widget-heading\" data-id=\"2af9609\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"heading-2-regular\">Do you have a<\/span> similar project idea?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7e36dca1 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"7e36dca1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element 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