Demand Forecasting
Quickly achieve a minimum 10% improvement in Forecast Accuracy
Global outbreaks such as COVID-19 and natural disasters like Hurricane Harvey cause thousands of event cancellations and postponements. And these cancelled events have major economic impact. The spread of the novel coronavirus has forced cancellations of many events like the Mobile World Congress, which has led to a loss of at least $480M for Spain’s economy.
Staying up to date on major events is crucial during periods of increased volatility. PredictHQ helps customers quickly identify event changes with our demand intelligence. PredictHQ is the real-world context platform powering enterprise decisions and AI. Its Real-World Context Graph verifies and structures events, and the platform delivers that context through one API that is updated every minute so you can stay ahead of the curve.
You can find cancelled events in real time using our API search feature or see a graph of the total impact of cancelled events by day in our WebApp.
Identifying cancelled or postponed events is just the first step to understanding how these events impact your bottom line. PredictHQ has created the only verified and ranked real-world context platform that brings real-world events and entities, with Predicted Attendance, Predicted Event Spend and impact predictions, directly into your own forecasting models and systems, so you can plan staffing, pricing and inventory ahead of demand. Event ranking is a key part of the data intelligence and enrichment process that allows businesses to understand which events matter the most. We’ve created three ranking technologies that represent the potential impact based on location and travel.
Attempting to manually track event cancellations or postponements isn't reliable or scalable. And you'll be missing out on breaking events and real-time event updates
PredictHQ allows you to stay informed on global pandemics and other major events that could cause decremental demand impact. We aggregate, cleanse, and enrich 500,000+ events that span across 18+ major event categories, including both scheduled events and unscheduled events. This real-time, real-world context reaches your systems through the PredictHQ APIs, which you can access in seconds. Now you can quickly search for updated cancellations and postponements in numerous ways - using airport IATA codes, geographical radius, or multiple location and category queries. Teams can lookup events and get JSON responses and integrate our data with any platform - we currently have Python and JavaScript SDKs available. We use the OAuth 2.0 standard for authentication, and access tokens are required to grant application access to the tools available on the demand intelligence API.
Quickly achieve a minimum 10% improvement in Forecast Accuracy
Give your AI models trusted real-world context for better inference and decisions
Get value from demand intelligence by being able to upload locations, search and identify relevant events efficiently
Identify demand catalysts to improve supply chain efforts and inventory levels
Unlock better targeting and timing for your ad campaigns with privacy-safe real-world context
Know impactful events in advance and adjust prices sooner
Reduce labor costs and improve profitability by scheduling around events
Visualize event data through BI tools like Tableau to better understand impact
Ensure your network of delivery drivers is prepared based on demand from events
PredictHQ is the only platform in the world that uncovers the impact that real-world events have on business, at scale. Shaping the next generation of real-world AI/ML models, and unlocking Billions in potential upside.
Reach out to our data science experts to explore how PredictHQ can support your use case. We'll follow up within one business day.