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. We aggregate, verify and maintain millions of unique event data points in 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.
Quickly achieve a minimum 10% improvement in Forecast Accuracy
Use event data to enable your AI models with contextual real-world data
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 event data
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
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 demand intelligence data set that you can seamlessly build directly into your forecasting systems. 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.
Don't underestimate how much effort it takes to work with event data... Being able to rely on a company whose sole purpose is to remove the ambiguity of event data has been game-changing for us.
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 data is all stored in our feature-rich demand intelligence API that you can access is 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.
Knowing the impact of demand causal factors like events will transform your business. The American Society of Hematology has a $45M estimated economic impact — and that's only one event in one city.
Contact our data science experts to find out the best solutions for your business. We'll get back to you within 1 business day.