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Types of business strategy

IBM Journey to AI blog

In today’s business environment, regardless of the product or service, leaders must develop a well-honed business strategy. Through decades of research, business thinkers identified several types of business strategy that can help guide an organization’s plans. These 3 core strategies include: 1.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Journey to AI blog

The following are examples of strategic sourcing use cases: Transparency and traceability From fast fashion to fluorite, consumers and stakeholders are keyed into product provenance—expecting brands to uphold ethical, responsible sourcing practices. Now, the full product history is available through just a batch or invoice number.

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Enhancing customer experience: Streamlining orders with custom email notifications in IBM Cloud

IBM Journey to AI blog

In their quest to provide exceptional service, they faced a challenge—how to ensure that customers could place orders as soon as new shipments of their artisanal products arrived. Step 1: Create an IBM Cloud Event Notifications service instance Log in to your IBM Cloud account. Select Custom Email as the destination type.

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Business strategy examples

IBM Journey to AI blog

Whether the organization is focused on developing new products or marketing an existing service to an under-served demographic, having a solid strategy will help an organization realize its long-term goals. A successful business strategy dictates the allocation of resources and outlines how a company will achieve its strategic goals.

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How to Package and Price Embedded Analytics

Just by embedding analytics, application owners can charge 24% more for their product. This framework explains how application enhancements can extend your product offerings. How much value could you add? Brought to you by Logi Analytics.

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Classification and Regression in Machine Learning: Understanding the Difference

Towards AI

For instance, when predicting house prices, we use a dataset comprising input features such as square footage, number of rooms, etc., alongside a target variable: the house price. Image by Author There are other types of learning in Machine Learning, such as semi-supervised and… Read the full blog for free on Medium.

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Unlocking success: Key components of a winning customer experience strategy

IBM Journey to AI blog

Creating happy customers should be a major business goal of every organization, as those types of customers are more likely to become repeat purchasers and make the effort to recommend products to their friends and family through word-of-mouth. Doing so increases the potential for profitability and customer retention.