HARMAN Introduces ForecastGPT, a Generative AI powered Forecasting Platform

STAMFORD, CT - September 3, 2024 - HARMAN's Digital Transformations Solutions (DTS) Business Unit, a strategic business dedicated to blending the physical and digital to make business technology more dynamic, is introducing HARMAN ForecastGPT, a predictive analytics platform that empowers organizations to accurately predict future trends, optimize resource allocation, and enhance overall business performance. Leveraging advanced GPT technology, HARMAN ForecastGPT has reasoning capabilities and provides detailed commentary to explain trends in data. It is designed for businesses that need to make accurate predictions and informed decisions and operate in dynamic and uncertain markets, where demand and supply can vary significantly.

HARMAN ForecastGPT supports a variety of forecasting scenarios such as Sales Forecasting (sales volumes, demand patterns), Supply Chain Forecasting (inventory levels, stockouts), Financial Planning (revenue, expenses, cash flow), Marketing (marketing campaigns, click through rates) across industries such as Retail, Manufacturing, Healthcare, Hospitality, Communications etc. For example, in Financial Planning scenarios, analysts can forecast revenue from multiple streams with precision, identify anomalies and generate detailed commentary to explain the trends in the data.​

Nick Parrotta, President - Digital Transformation Solutions & Chief Digital and Information officer at HARMAN said, "Embracing AI is imperative for business success and at HARMAN DTS, we are pioneering the application of AI to deliver tangible, bottom-line results. By understanding the unique challenges and aspirations of each client, we're crafting AI solutions that go beyond generic predictions. The ForecastGPT platform is a testament to our commitment to equipping businesses with the tools to move past challenging roadblocks and fully capitalize on the potential of AI."

Designed with a singular focus on predictive analytics, HARMAN ForecastGPT allows for a deeper understanding of complex data patterns and more accurate forecasting without requiring any predefined templates or formulas. The platform features advanced AI capabilities, real-time adaptability and the ability to seamlessly integrate with various platforms, supported by a dedicated implementation team. It can work with any data format and source, such as CSV, Excel, SQL, API, and more.

For more information on HARMAN ForecastGPT, visit https://services.harman.com/services/forecastgpt.

About HARMAN Digital Transformation Solutions (DTS)

HARMAN's Digital Transformation Solutions (DTS) is a strategic business unit dedicated to blending the physical and digital to make technology more dynamic in order to serve the ever-changing human needs. Leveraging our unique Life-ware approach, our team of over 7,000 employees, spread across 12 countries in 45+ locations, with their expertise across hardware, software, and industry domains are transforming everyday experiences for our 200 clients globally. Compliant and certified with international standard/ management system EN 9100:2018 / AS9100D, ISO 9001:2015, ISO 27001:2013, ISO 13485:2016 and appraised at CMMI-DEV 2.0 ML5, HARMAN DTS aims towards helping customers deliver a holistic experience to their customers - through the convergence of digital, cross channel user experience, cloud, mobility, insightful data, and internet-of-things backed by scalable underlying IT platforms. Healthcare, Communications, Industrial, Retail, Software, and Hospitality being our key focus areas, we have made significant investments into this space. Leveraging our global delivery approach, IPs, platforms and people, we deploy next generation technology platforms across industries, offer cost savings and deliver innovative solutions to help our clients on their digital journey.​​ To know more, please visit https://services.harman.com/

About HARMAN

HARMAN (harman.com) designs and engineers connected products and solutions for automakers, consumers, and enterprises worldwide, including connected car systems, audio and visual products, enterprise automation solutions; and services supporting the Internet of Things. With leading brands including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon®, Mark Levinson® and Revel®, HARMAN is admired by audiophiles, musicians and the entertainment venues where they perform around the world. More than 50 million automobiles on the road today are equipped with HARMAN audio and connected car systems. Our software services power billions of mobile devices and systems that are connected, integrated and secure across all platforms, from work and home to car and mobile. HARMAN has a workforce of approximately 30,000 people across the Americas, Europe, and Asia. In March 2017, HARMAN became a wholly owned subsidiary of Samsung Electronics Co., Ltd.