Forecasting involves predicting future outcomes or trends based on historical data and patterns. By analysing past data and applying statistical techniques, businesses can make informed forecasts for sales, demand, market trends, and resource allocation. Accurate forecasting helps organisations optimise operations, plan strategies, and make data-driven decisions.
Automation involves the use of technology, including AI, to perform tasks and processes with minimal human intervention. By automating repetitive or time-consuming tasks, businesses…