Washington, D.C. (PRWEB) September 04, 2015
Applied Predictive Technologies (APT) today announced that its Space Planning Optimizer (SPO) software has been named the recipient of the 2015 Silver International Business Award for Best New Product or Service of the Year in the Big Data Solution category. This win for APT comes on the heels of four 2014 Stevie Awards including a Gold for the APT Index and Bronze for APT Category Management Insights in the same category, a Silver for its Corporate Social Responsibility Program, as well as a Bronze for Most Innovative Company of the Year.
The award reflects APT SPO’s powerful capability to generate significant profit improvement through rigorous analytics and its ability to address the challenges encountered by retailers and manufacturers seeking to allocate their store space most effectively. The SPO software employs APT’s rigorous test versus control methodology to measure the incremental impact of both micro and macro space changes and rapidly deliver localized space recommendations at the category or department level.
Earlier this year, APT released the latest version of SPO with several unique capabilities, including incorporating a company’s operational constraints into recommendations, delivering optimized and localized space allocations, and automating this rigorous analytic process to enable a fast and iterative approach to space optimization.
APT CEO Anthony Bruce commented on the award stating, “We’re thrilled to accept this award, as it’s a great testament to our commitment to continuous innovation and product improvement. A streamlined and robust process for optimizing space provides companies with a powerful competitive advantage and we’re excited to bring this capability to leading retailers and manufacturers.”
The International Business Awards (IBAs), also known as “Stevies,” are chosen by an organization dedicated to honoring and generating public recognition for the achievements and positive contributions of organizations and working professionals worldwide. The Stevie® Award trophy is one of the world's most coveted prizes and each year the IBAs receive more than 3,000 entries from organizations in more than 50 nations and territories. There are six Stevie Awards programs, each with their own focus and list of categories. More than 200 executives around the world participate in the rigorous International Business Awards judging and scoring process each year. Since 2002, Stevie Awards have been conferred for achievement in business to organizations and individuals in more than 60 nations and past award winning companies include Acer, Inc., Apple, BASF, BT, Ford Motor Company, ING, Proctor & Gamble, Roche Group and Samsung, among many others.
About the Stevie Awards
Stevie Awards are conferred in six programs: The American Business Awards, The International Business Awards, the Asia-Pacific Stevie Awards, the German Stevie Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards http://www.stevieawards.com and on Facebook, LinkedIn, Twitter, and YouTube.
APT is a leading cloud-based analytics software company that enables organizations to rapidly and precisely measure cause-and-effect relationships between business initiatives and outcomes to generate economic value. Our intuitive and proprietary Test & Learn® software utilizes sophisticated algorithms to analyze large amounts of data, enabling business leaders to conduct experiments and allowing them to make optimal decisions and implement business initiatives at scale. We also offer products that support decision-making for specific business needs including transaction analysis, space planning, promotion design, category management and location selection. APT’s client portfolio features some of the world’s best known brands, including Walmart, Starbucks, Coca-Cola, Victoria’s Secret, American Family, Hilton Hotels, SUBWAY, TD Bank, T-Mobile, and others. APT has offices in Washington, D.C., San Francisco, London, Bentonville, Taipei, Tokyo, Sydney, and Chicago. Visit http://www.predictivetechnologies.com to learn more.