Solution empowers businesses in retail, manufacturing, and consumer goods to reduce costs, improve forecast accuracy, and make resilient decisions in an uncertain market.
Ikigai Labs, the leader in AI for enterprise tabular and time-series data, today announced the launch of its new Demand Forecasting and Planning solution. Built to address the growing complexity of modern supply chains, this advanced AI-powered offering equips organizations with the ability to predict demand with unprecedented accuracy—even for new or unpredictable products. By leveraging Ikigai’s patented Large Graphical Model (LGM) technology, the solution delivers actionable insights that help businesses reduce inventory costs, prevent stockouts, and respond dynamically to market changes.
“Traditional forecasting tools often fail to account for uncertainty or handle novel scenarios,” said Devavrat Shah, CEO and co-founder of Ikigai Labs. “Our demand forecasting and planning solution changes the game. Our AI is designed specifically for structured and time-series data enabling businesses to move beyond rigid forecasts and instead simulate and plan for a range of real-world outcomes. Whether launching a new product or navigating demand volatility, Ikigai empowers companies to make smarter, faster decisions.”
Addressing Today’s Forecasting Challenges
Many organizations rely on legacy approaches and tools that are not designed to deal with sparse data, complex hierarchies, or multivariate structured, time-series data that drives demand forecasting. Ikigai’s Demand Forecasting and Planning solution offers a breakthrough alternative, enabling businesses to:
- Predict demand with confidence, even for new products or scenarios with no historical data.
- Align forecasts across complex product hierarchies (e.g., regions, channels, SKUs) for end-to-end accuracy.
- Simulate demand variability with dynamic “what-if” scenarios tailored to real-world factors, both internal and external, like pricing, promotions, and seasonality.
Advanced Features for Real-World Results
The Ikigai solution combines cutting-edge AI techniques to address even the most complex forecasting challenges:
- Time2Vec Technology: Captures hidden patterns across large datasets, uncovering trends traditional methods miss.
- Data Reconciliation: Creates synthetic data for products with limited or no historical demand, such as new product launches.
- Expert-in-the-Loop (XITL): Blends human expertise with AI insights, enabling domain experts to refine forecasts for greater precision.
- External Data Integration: Incorporates real-time inputs like weather, social sentiment, and events to adjust forecasts dynamically.
- Anomaly Detection: Identifies outliers and change points in demand, providing greater explainability that allows businesses to act proactively.
Proven Use Cases
“Companies operating in high-variability sectors like retail and manufacturing finally have a tool that aligns forecasting precision with real-world complexity,” said Shah. “This isn’t just about improving accuracy—it’s about transforming how businesses make decisions under uncertainty.”
The Demand Forecasting and Planning solution is designed for key challenges across industries:
- New Product Launches: Forecast demand for innovative products with no historical data and minimize risks associated with over- or underproduction.
- Seasonality Management: Adjust inventory dynamically to meet demand fluctuations during peak seasons like holidays or back-to-school periods.
- Inventory Optimization: Prevent costly stockouts or excess inventory by aligning production and distribution with range-based forecasts.
- Lifecycle Planning: Improve product roadmap decisions and end of life strategies with actionable insights.
Business Impact
“Our customers face complex forecasting challenges, from predicting demand for new products to navigating volatile market trends,” says Vinayak Ramesh, Co-Founder and Chief Customer Officer of Ikigai. “They rely on Ikigai to stay competitive in a fast-changing world.”
Organizations using Ikigai’s solution have reported:
- A 30%+ improvement in forecast accuracy, reducing costly forecasting errors.
- Significant decreases in inventory costs and stockouts.
- Faster decision-making and improved agility in volatile markets.
Customer Momentum and Industry Validation
The launch comes on the heels of a banner year for Ikigai Labs, which secured marquee customers including Delta Children, Hive Financial, Ivy Energy, Minera San Cristobal, and Verano, as well as strategic partnerships with firms like CustomerInsights.ai and enVista. These organizations are already leveraging Ikigai’s generative AI technology to tackle critical forecasting and planning challenges.
Demand Forecasting with AI Workshops: Unlocking the Power of Time-Series Data
To showcase the solution, Ikigai Labs is announcing immediate availability of their Demand Forecasting with AI workshops. Designed for forecasting and planning practitioners and experts as well as data scientists and developers, the workshop program offers hands-on insights into Ikigai’s AI capabilities, including data and forecast analysis, integrating external data, and building forecasts for unpredictable business scenarios. Register for a workshop here.
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