IBM Accelerator Catalog
IBM Accelerator Catalog

Retail Analytics with Weather

Use The Weather Company data to help you understand how a retail inventory manager, marketer and retail sales planner can quickly determine the optimal combination of store, product and weather condition to maximize revenue uplift, know what to keep in inventory, where to send a marketing offer or provide a future financial outlook.

Slide Two

Key Challenges

What is an accelerator?
Industry Accelerators are a packaged set of technical assets used to help you tackle your next data science project by addressing your most pressing business challenges. With sample data, notebooks, scripts, a sample application and more, you can kickstart your own implementation and leverage the power of Cloud Pak for Data.

  • In a revenue business model, weather conditions can have a large impact on sales of particular products or at particular store locations. Not considering these factors leads to missed revenue opportunities.
  • Since competition is rife, finding the best combination is imperative. Most stores carry very limited inventory and need to be smart about how to promote what they do have in stock. All marketers must look to identify which optimal combination of stores, products and weather conditions to target in a marketing campaign.
  • Not knowing crucial stats such as top products and stores, products that must be discontinued, weather information during sales and its impact, would misguide product inventory planning effectiveness.

Expected Business Outcome

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Understand added value of weather data

How weather impacts business

Achieve financial success

Help organizations to understand which products need to be promoted by the store and weather conditions for an upcoming marketing campaign or upcoming inventory planning session

Understanding how weather conditions can directly impact sales in particular store locations or for specific products

Determine where the most revenue uplift exists when doing marketing or inventory forecasting

Key Features

Information architecture

End-to-end AI Ladder application

Modular framework

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An architecture enabling you to extract meaning from your data

From cataloging data through a glossary of terms to model development and deployment, simplify the lifecycle of your AI project

Composable and extensible pattern that can be applied to new data and industries

Get Started

Start experimenting today. Download and use this accelerator in your Cloud Pak for Data instance.

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Highlighted Products for this Accelerator

IBM Cloud Pak for Data

Built on Red Hat OpenShift Container Platform, IBM Cloud Pak for Data accelerates your journey to AI to transform how your business operates with an open, extensible data and AI platform that runs on any cloud.

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Watson Knowledge Catalog

Help your data users quickly find, curate, categorize and share data, analytical models and their relationships with other members of your organization.

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Watson Studio

Empower your data science and AI teams to refine data and visually build and deploy models, using data on the desktop for anytime, anywhere access.

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IBM Knowledge Accelerators

IBM Knowledge Accelerators offer pre-created, extensive, curated glossaries to improve data classification, regulatory compliance, self-service analytics and other governance operations.

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SPSS Modeler

You can use SPSS Modeler flows to build machine learning pipelines that you can use to iterate rapidly during the model building process.

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Related Accelerators

Sales Prediction using The Weather Company Data

Use machine-learning models and The Weather Company data to help you predict how weather conditions impact business performance, for instance prospective sales.

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Manufacturing Analytics with Weather

Use The Weather Company data to help you understand how a manufacturer can quickly identify the reasons why there are high amounts of scrap rate to save money and deliver quality product. This demonstration shows how weather was the key driver leading to reducing scrap rate using statistical analysis and dashboards using Cloud Pak For Data (CP4D).

ViewLearn More

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Additional details

  • Accelerator typeCloud Pak for Data industry
  • IndustryRetail
  • Business functionAny
  • Product and version Cloud Pak for Data,Watson Knowledge Catalog,Cognos Analytics - Current
  • Author typeIBM
  • Company nameIBM
  • Author name IBM
  • Last modifiedSeptember 28th, 2020
  • Language English