The convergence of big data, cloud and mobile technologies is enabling retail analytics to move beyond the major CPG players into markets like home improvement, sporting goods and beauty.
Toronto, Ontario (PRWEB) November 13, 2014
Askuity Inc. (http://www.askuity.com), creator of a leading cloud retail analytics platform, was recognized with a Companies-to-Watch Award for its innovative technology, management expertise and growth, as part of the Deloitte 17th annual Technology Fast 50™ Awards.
Askuity was launched to address an age-old problem in retail, namely poor information sharing and a lack of collaboration between retailers and their product suppliers, which results in missed opportunities to improve their joint business. Askuity’s cloud big data analytics platform provides a shared, real-time view into what’s occurring in store in order to enhance the customer experience by optimizing merchandising and promotions, as well as improving on-shelf availability and reducing frustrating out-of-stock situations.
Askuity's CEO, Eric Green, credits the convergence of big data, cloud and mobile technologies as the foundation for Askuity’s success with retailers and their suppliers. Green said, “This convergence is enabling retail analytics to move beyond the major consumer packaged goods players into markets like home improvement, sporting goods and beauty, and we’re excited that Deloitte Technology Fast 50™ has recognized our success in making this a reality.”
The Companies-to-Watch Award honors early-stage Canadian technology companies in business for less than five years. The winners are selected based on the potential they show for future growth and exemplify many characteristics of Deloitte Technology Fast 50™ ranked companies.
Askuity is a cross-retailer big data analytics platform that connects retailers and product manufacturers with insight and information, enabling better collaboration, planning and retail execution. Accessible in the cloud from any device, Askuity combines automated data sharing with easy-to-use, powerful analytics tools and mobile technology to drive better sales, marketing and supply chain outcomes. Askuity – See What’s in Store. For more information, please visit http://www.askuity.com.
About the Deloitte Technology Fast 50™ - The Deloitte Technology Fast 50™ program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50™ candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Bennett Jones and OMERS Ventures. For further information, visit http://www.fast50.ca.
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