In this paper, we show how to apply machine learning to pricing and discounts. The goal is to create the optimal discounting strategy, which results in maximizing the total retail income. To do this, we use machine learning to predict sales based on given combination of discounts, and then we formulate and solve a mathematical model that allows combining the discounts to achieve the desired maximum outcome. We also outline the reference architecture for this implementation. The architecture includes open …
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To a certain extent, young children emulate and imitate their parents. -Angela Duckworth, “Grit” The picture above is of my dad (the founder of Learn iT!) and I in the summer of 1983. I developed my love of sports, movies, and reading from trying to be just like my dad. I have always been someone who likes to read. At the beginning of 2017, I set a personal goal to read 50 nonfiction books. I was off to a solid …
We work with all sorts of technology everyday and when used correctly, it helps us get our work done efficiently and accurately. It seems companies like Microsoft, Google and Apple are relentlessly launching new products and tools for improved collaboration, data analysis and problem-solving but technology does not address the fact that we work in companies and on teams with many other people. The challenge then, is that most of our day we’re working with other colleagues. Trying our best …
There is a fundamental disconnect between managers and millennials that leads to organizational tension, less than full engagement on the part of millennials, and misdirected effort and energy by managers. Perceptions many managers have of the millennial workforce need to be expanded to include an understanding of the behaviors behind their perceived orientations before we can reduce tension and build trust on teams. People’s behaviors are driven by their beliefs, values and expectations. Leaders who understand the values behind the …