(PRWEB) February 13, 2014
NutriSavings is proud to announce it has been awarded the CIO Impact Award from Frost & Sullivan, a global growth consulting firm, for enabling breakthrough new business models and strategies through the innovative use of transformative technologies. NutriSavings received the highest score in Advanced Analytics and Big Data, and was recognized for its novel technology in employee wellness.
“Our mission is to improve health, prevent chronic disease, and reduce the enormous cost of healthcare,” said Gerard Bridi, CEO. “We are grateful to Frost and Sullivan for this recognition. Above all, we are grateful to our dedicated staff and to our partners for helping us to develop an innovative solution to educate consumers about the importance of nutrition.”
Working with a panel of health and nutrition experts, NutriSavings developed the first measurable nutrition wellness program, which incentivizes healthy purchases with savings at the supermarket. NutriSavings is on a mission to improve the health of the U.S. workforce and reduce the enormous healthcare costs shouldered by employers – through better nutrition. Annual U.S. spending on treating chronic diseases is $700 billion*.
NutriSavings leverages Big Data to process 150 million nutritional data elements and provide incentives and rewards based upon behavioral changes that take place while participants shop at their supermarket. Participants access sponsor-funded rewards and manufacturer-funded discounts on healthier food items.
“We believe that eating nutritiously shouldn’t be so confusing or costly,” said Niraj Jetly, NutriSavings SVP, CIO/COO. “For these reasons, we created a Big Data ecosystem to help employees identify nutritious food items, choose healthier alternatives, and save money on healthy purchases.”
According to the Centers for Disease Control and Prevention, an unhealthy diet and physical inactivity can contribute to or aggravate many chronic diseases and conditions, including type 2 diabetes, hypertension, heart disease, stroke, and some cancers.
“NutriSavings’ accomplishment in building its nutrition ecosystem using Big Data analytics is a great example of an IT organization delivering tangible business value,” said David R. Brousell, Global Vice President and Editorial Director, Frost & Sullivan. “Not only will this innovation help NutriSavings employees lead healthier lives, but it also establishes a model to help others battle the global obesity epidemic.”
Jetly, along with CIOs from 25 other leading national companies, received the award at the 2nd Annual ConNEXTions 2014: A Frost & Sullivan Executive MindXchange & CIO Impact Award Gala at the Hyatt San Francisco, Calif.
NutriSavings is an online ecosystem where employers, health plans, food and beverage companies, and produce growers, join forces to get employees healthy. We are on a mission to improve the health of American workers and reduce the enormous costs associated with obesity and other chronic diseases through better nutrition. NutriSavings is the first measurable nutrition benefit solution that is designed to change shopping behavior and incentivize healthy food purchases. Our solution is integrated with 70% of the nation’s largest supermarket chains, enabling participants to see their grocery basket score in near real-time. NutriSavings is a joint-venture between Edenred, the world leader in employee benefits, and SavingStar, the only national fully digital grocery savings service in the U.S.
Edenred, which invented the Ticket Restaurant® meal voucher and is the world leader in prepaid corporate services, designs and manages solutions that improve the efficiency of organizations and purchasing power to individuals.
By ensuring that allocated funds are used specifically as intended, these solutions enable companies to more effectively manage their:
The Group also supports public institutions in managing their social programs.
Edenred operates in 40 countries, with more than 6,000 employees, nearly 640,000 companies and public sector clients, 1.4 million affiliated merchants and 40 million beneficiaries. In 2013, total issue volume amounted to €17.1 billion, of which almost 60% was generated in emerging markets.
Ticket Restaurant® and all other tradenames of Edenred products and services are registered trademarks of Edenred SA.
*U.S. Department of Health & Human Services