Artificial intelligence (AI) is the name commonly given to the ability of machines to mimic the human aptitude to reason, solve problems, and learn from experience. Research in this field over the past few decades has spanned many disciplines, including the mathematical, social, and biological sciences. This issue of Foresight includes “Forecasting the Impact of Artificial Intelligence,” by Spyros Makridakis, the first of four articles we plan to publish on the subject.

Paul Goodwin ’s latest Hot New Research column addresses the challenges of forecasting products with very short life cycles plus the whimsy of rapidly changing tastes and priorities.

Christian Schäfer and Stephan Brebeck present a promising data-driven approach to “Predicting the Uptake Curves of New Drugs” —an approach that, among other features, can improve a pharmaceutical firm’s decisions on product promotion.

Forecasting in industry is highly collaborative, both across companies and within the firm. John Mello discusses the major form of external collaboration in his article “Principles, Benefits, and Pitfalls of Vendor-Managed Inventory.”

On the internal side, Chris Gray and John Dougherty present Part 2 of their examination of “Misconceptions, Missteps, and Bad Practices in S&OP.” Here they take on mispractices related to metrics, time fences, freezing of forecasts, documentation of assumptions, and the linkage of planning and operations to company strategy.

In response to Gray and Dougherty’s argument over the role of software in S&OP in Part 1 of their article, Bill Tonetti attempts to reconcile different viewpoints in his commentary “Do Companies Really Need Software for S&OP?”

Finally, registration is now open for the 2017 Foresight Practitioner Conference, November 15-16 at North Carolina State University’s Institute for Advanced Analytics in Raleigh. This year’s theme is Recoupling Forecasting with Inventory Control and Supply Planning.

To receive this issue, start your subscription today!

Subscribe now

Already subscribe? Visit our bookstore to download the full issue.