Workforce Optimization with Event Data

Optimal staffing levels can increase sales performance and drive efficient operations. Reduce labor costs and increase profitability with PredictHQ

Powered by PredictHQ

  • Booking.com
  • Domino's
  • Wyndham
  • goPuff
  • Accenture
  • Amadeus
  • Sonder
  • Qantas
  • First Data

Optimize labor efforts.
Increase efficient spending.

Companies invest millions of dollars in software to optimize labor costs, but there are an abundance of external factors you might not be considering to improve forecasting. Legion Technologies - a workforce management platform - has seen labor forecasts become 98% accurate after investing in intelligent event data.

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Demand intelligence improves staffing efforts

Labor costs are one of the largest expenses for most companies. For retailers, these costs average roughly 20% of total revenue — more than the cost of inventory in many cases. Other industries such as food and hospitality often see this percentage closer to 30-35%. Demand intelligence helps data science teams identify demand catalysts based on intelligent event data so you can determine a lean working schedule for employees.

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Workforce optimization starts with high quality data

Real-world event data is always changing, difficult to standardize, and often messy with duplicate events and spam. PredictHQ solves these issues for their customers - Legion Technologies reduced the development and implementation time spent on culling events by 20% when investing in demand intelligence. The core of demand intelligence is high quality data that is aggregated, cleansed, enriched, and ranked. Data science teams can access intelligent event data through our API.

How to optimize labor costs with events

Integrate demand intelligence to create more efficient work schedules with these steps:

Aggregate event data and establish correlation

Identifying the aggregate impact of historical events can help businesses correlate historical demand to real-world events quickly.

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Predict future demand with event intelligence

After correlation is defined, businesses gain visibility into which event categories—such as conferences or concerts—impact their business most. Use the PredictHQ API to train your forecasting models to predict future demand using intelligent event data.

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Optimize work schedules and staffing to boost employee efficiency

Create staffing schedules that directly align with predicted demand so you’re delivering an ideal customer experience without overspending on labor.

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Why workforce optimization matters

Events drive influxes of traffic and demand in your area. Improved workforce optimization means you can reduce labor costs, improve guest satisfaction, and decrease employee turnover.

Retail

Outside of minimizing labor costs, workforce optimization generates more sales if stores are staffed at the right level.

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Quick Service

Identify unforeseen events that will impact your peak hours and update work schedules to avoid understaffing. Optimized staffing ensures you’re not missing sales.

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Accommodation

Labor costs are roughly 50% of a hotel’s operating expenses. Reduce hotel operating costs by staffing properties based on predicted demand.

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Transportation

Dispatch the right amount of drivers, assets or logistics teams into an area to maximize ride profitability.

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Get Started

Contact us now to find out the best solutions for your business. We'll get back to you within 1 working day.

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  • Accenture
  • Wyndham
  • Booking.com
  • Amadeus
  • Qantas
  • Domino's

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Legion relies on PredictHQ to help retailers
eliminate labor inefficiencies

“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."


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Thomas Joseph Head of Data Science at Legion Technologies

Hoteliers achieve an increase of 10% RevPar

“Hotels have a product with an expiration date. When you make the wrong decisions around a big event, that can cause thousands of dollars in missed revenue."


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Sven Blaurock Head of Product at HQ plus

Aviation Rank™ empowers airline analysts

“Airline analysts have traditionally been swamped with data around events with little guidance on what to do with it. PredictHQ's Aviation Rank changes this, vastly empowering analysts to make simpler, quicker and smarter sense of the impact events have on demand – in turn enabling airlines to optimize inventory and boost revenue."


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Benjamin Cany Head of Offer Optimization of Airlines at Amadeus

5x increase in revenue with PredictHQ

“With PredictHQ, we can now use their data and predicted impact to analyze and recommend prices for major events much more easily and accurately."


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Andrew Kitchell CEO and Founder of Wheelhouse

25% increase in customer sentiment

“PredictHQ has been a fantastic resource. They were able to help us uncover the impact of events, from sporting games, concerts and conferences to the effects of weather and political activity."


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Mirko Lalli Travel Appeal CEO and Founder

35% increase in conversions

“PredictHQ demonstrated that they could reveal insights better than we could guess with our manual alerts. They were instrumental in driving up conversion rates further than we could imagine.”


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Mark von Nagy CIO at Online Republic
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