At the Data Festival 2018, I had the chance to present developments in predictive analytics in the supply chain. Many thanks to Mr. Priese from BASF SE, the organizers, and all the participants. The Data Festival was a great event. I am particularly pleased that we were able to show what benefits are possible through modern methodology.
From the program to the Data Festival: Using the data from the global chemical company BASF, empirical results show that this approach clearly outperforms forecasts provided by classical Advanced Planning Systems (APS) in accuracy and plausibility while reducing the planning effort significantly.
Dr. Thomas Christ (Chief Data Scientist)