KEBA
An AI-supported demand forecasting solution is being implemented to improve forecasting accuracy and reduce manual effort; initial results from the ongoing evaluation phase show a significant increase in efficiency.
Who is
KEBA?
KEBA?
KEBA is an internationally active technology company based in Linz, Austria. The company develops innovative automation solutions for various industries, including industrial automation, banking and logistics automation and e-mobility.
Business Challenge
- Manual and time-consuming creation of demand forecasts.
- Limited accuracy of previous forecasting methods.
- High demand volatility makes long-term planning difficult.
- Goal: Improve forecast quality and automate processes
Solution
- Introduction of an AI-supported demand forecasting solution.
- Use of historical time series data for more precise forecasting of product demand.
- Automation of forecasting processes to reduce manual effort.
Services
- Consulting and implementation by CANCOM in cooperation with AIS2.
- Training and co-working sessions for KEBA for independent use of the platform.
- Ongoing evaluation and support during the test phase.
Technology
- Artificial intelligence and machine learning for time series analyses.
- Cloud-based forecasting platform.
- API integration for connection to existing systems.
Method
- Time series analyses to identify patterns and trends.
- Iterative model improvement through continuous training with current data.
Value
- 50 % reduction in forecasting error compared to the previous internal method.
- Significant time savings thanks to automated forecast creation.
- Improved planning reliability and inventory optimization.
Future prospects
- Ongoing evaluation of the solution and subsequent operationalization.
- Possible integration into additional business areas of KEBA.