Enterprises using Social Media To Predict Demand: PepsiCo

Consumer demand today changes faster than ever before. As a result, new product launches are failing at extremely high rates. After all, accurately assessing the market and predicting demand requires terabytes of data, which ranges from point-of-sale numbers, e-commerce transactions, out-of-stock histories, pricing averages, promotional planning, special events, weather patterns, and a many other factors. To add to that, most enterprises continue to ignore the significance of applying online consumer dialogue to predict future purchasing