Forecasting forms a base of a advanced Decision support system for any organization.

1. FORECASTERONLINE
– FORECASTING SIMPLIFIED
Page  1
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

2. Forecasting
 Forecasting is estimation of the expected value for some variable in future.
 Its a technique which helps management in its attempts to cope with
the uncertainty of the future.
 Forecasting forms a base of a advanced Decision support system for any
organization.
 For organizations forecasting provides the ability to address difficult business
issues and then use those findings to differentiate them from the competition.
Page  2
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

3. DATA INTELLEGENCE
optimization
Forecasting
Report and and
OLAP Analysis
Data
management
Data
Access
Organizational move from data to information to knowledge, and finally to intelligence.
Page  3
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

4. Forecasting techniques
 Time series/ Trend analysis
Methods for analyzing time series data in order to extract meaningful statistics and other
characteristics of the data.
 What if Analysis
Also called as sensitivity analysis, this is a attempt to represent a real-life system with
a model to determine how a change in one or more variables affects the rest of the system
 Neural Networks
A type of artificial intelligence that attempts to imitate the way a human brain works by
creating connections between processing elements.
Page  4
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

5. BENEFITS
OF
FORECASTING
Page  5
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

6. Application of Forecasting in Functions
Forecast demand for products and services.
Which product will be in demand in how much quantity in which region
Perform promotional analysis.
Will the 10% increase in discount assure sales increase by 20%
Predict staffing and resource needs.
How many resources will be required to complete the work in said deadlines
Make effective pricing decisions.
What will be the correct price for a new launch to get an edge over competition
Predict customer and market behavior.
What type of product mix is preferred by customers of age group 20 – 30 years
Page  6
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

7. Application in Business
Retail - Pharmaceuticals -
Mostly used for performing customer Plays a major role in Clinical research
clustering and demand analysis for FMC and R&D. Statistics say that application
goods. Also helps to plan for promotions forecasting reduces as high as 50% of
and new product launch the research failure cost
All Domains
Manufacturing –
Banking And Financial services –
Used mainly for production and material
Credit Analysis, Fraud detection are
planning. Further gives insights in
some areas in BFSI where forecasting
inventory management and supply
has proved to be a game changer.
change optimization.
Page  7
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

8. Number Crunching through Cloud Computing
1) Forecasting requires heavy number crunching
using terabytes of data.
2) Complex algorithms can only be handled by faster
processing machines to deliver on demand results.
3) Thus TPS uses cloud computing models for
supporting Forecasteronline..
4) Cloud computing has some attractive qualities for scientific researchers. It delivers data
storage and processing as a service, rather than software that's loaded onto a hard drive,
or something that sits on a desk somewhere.
5) In the cloud, the "supercomputer" exists virtually, meaning no clunky hardware; the software
interface is easy to use; and scientists have access to their data and
simulations from just about anywhere by simply logging in.
.
Page  8
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

9. Cloud Architecture supporting Forecaster Online
Amazon EC2
Cloud server
Forecaster Online
Users Log on to Forecaster Online Complex algorithms are run on the cloud server
and sent in their data` “Amazon EC2”
Page  9
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

10. Existing Tools
 Forecasting uses highly complex analysis and exhaustive algorithms to tackle tricky scenarios. Large
amount of number crunching is done using different statistical techniques.
 Big giants in forecasting are SAS and SPSS.
 Drawbacks
 Desktop based – Need installation on every system thus increasing infrastructure cost
 Need statistical knowledge to work with.
 Provide plethora of features which are not necessarily required for your
business perspective
 High licensing cost.
 Web based are a few like Lokad and Vanguard but again involve heavy licensing cost.
Page  10
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

11. Introduction to Forecaster Online
 Forecaster online is a web based on demand
forecasting solution developed by Trans Pacific
Software. http://www.forecasteronline.com/
 The tool is based on SAAS (software as a service)
model and gives a easy to use console to the end
user.
 The tool runs on backend customized algorithms that
suit your organization data and can plot and forecast
trends in the data over a period of time.
 Forecaster online uses highly advanced backend
algorithms to parse the data, determine patterns and
forecast using different parameters in the input.
 Forecaster online acts as a one stop tool for
executives as well as Managers
Page  11
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

12. TPS Advantage and Customization.
 Forecaster online is a fully customizable SAAS based offering from Trans Pacific
 We understand that every business is unique in its own way and thus has to be
supported by unique solutions
 TPS has a team of analyst who work closely with the client on every project and devise a
strategy to develop a customized algorithm to best suit your business and provide error
free forecasting.
 A team of developers than cast this strategy into coded algorithms which work on the
data.
 Customized solution thus makes the forecasting more reliable.
 Being a web based solution on SAAS model assures the client low cost on maintenance
and upgrades and easy accessibility.
Page  12
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

13. Page  13
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved

14. Thank you
Page  14
© 2010 Transpacific Software Pvt Ltd,Inc. All rights reserved