Grocery retailers and manufacturers are increasingly wanting to identify the next big retail technology trends before they hit the mainstream
Sunnyvale, CA (PRWEB) February 22, 2015
Manufacturers and retailers in need of innovative software to compete in today’s global economy look to Silicon Valley for leading edge technology.
Companies are partnering with Silicon Valley’s Plug and Play Tech Center with the goal to become leaders in innovation. As part of the program, Plug and Play selects the most sought after tech start ups to present to executives across top companies such as Simon, Kohl’s, Proctor & Gamble, Pizza Hut among many others.
"Incubators, pitch-sessions and start ups are the hottest buzzwords currently within the area of retail innovation. Grocery retailers and manufacturers are increasingly wanting to identify the next big retail technology trends before they hit the mainstream. We worked with the Plug and Play Brand & Retail Center of Innovation, a start-up accelerator based in Silicon Valley, to identify five companies that are working on commercializing new technologies for the retail environment.", according IGD
Prevedere was selected along with innovative start ups such as KptnCook, Product Play, Pijon, and Sparkle.
IGD, provider of retail industry research and analysis selected Prevedere as a start up to watch for commercializing new technologies for their innovative analytics software. IGD sites that leading retail companies are looking for the competitive advantage of predictive analytics on global data that Prevedere software provides.
Prevedere collects and analyzes over 1.5 million global data series on economic conditions, manufacturing activity, consumer behavior, internet traffic and even weather data. According to CEO & Founder, Rich Wagner, “What is unique about Prevedere is our ability to leverage today’s In Memory technology to pair this global data with a company’s internal results and quickly find highly accurate leading indicators of demand for key products and services. We then use these results to forecast demand with greater accuracy than companies can do with internal data only.”
“Our solution provides real time and fact based answers on what is coming next and identifies opportunities for growth for all levels within the organization including finance, sales and marketing, risk, strategy and top executives,” says Wagner.
Technology industry groups such as Gartner have also taken notice and ranked Prevedere as a top vendor in “Information Innovation.” According to Doug Laney, VP, Information Innovation and Strategy, “Ultimately, the ability to curate the Internet’s storehouse of information and intersect it in unique ways with a company’s own proprietary information will separate the winners from the losers.”
Prevedere Software's Predictive Analytics software allows companies to look beyond their four walls for key external drivers of financial performance. Our software collects and analyzes millions of global metrics including macroeconomic factors, manufacturing activity, consumer behavior, online traffic and weather data in real time. This information provides companies improved financial performance with more accurate forecasts of future demand for all their products and services. Prevedere software quickly and easily integrates with any financial planning platform to ensure companies are looking at the right factors that drive business.
IGD provides leadership to the food and consumer goods industry to ensure it delivers what matters to the public. A research and training charity, IGD is the leading source of information and best practice on the consumer goods industry worldwide. We use our insight and expertise to equip people to face the challenges of this fast-changing world.