We are honored to be recognized with IIA's ANNY award for Excellence in Analytics and to be in the good company of the other finalists and previous years' winners."--John Ginder, Ford Motor Company
Portland, Oregon (PRWEB) October 28, 2014
The International Institute for Analytics (IIA), the leading independent research and advisory firm focused exclusively on guiding its clients to leverage the power of analytics, today announced Ford Motor Company, as the winner of its 2014 Excellence in Analytics Award (The ANNY). The award ceremony took place during IIA’s 3rd annual Chief Analytics Officer Summit at the Bellagio Las Vegas on October 21, 2014.
IIA honored all the finalists, Ford, Hewlett Packard, John Deere, and XL Group and ultimately bestowed the ANNY award upon Ford Motor Company for its use of analytics to optimize dealership inventory management. John Ginder, Manager of Systems Analytics & Environmental Sciences at Ford was presented with the award by last year’s recipient, Lee Pierce of Intermountain Healthcare.
Ford Motor Company was recognized for its impressive accomplishment of optimizing inventory management for its nearly 3,000 Ford and Lincoln dealerships in North America with its “SMART INVENTORY MANAGEMENT SYSTEM” (SIMS). SIMS uses advanced analytics to produce dealer-specific vehicle order recommendations to ensure dealers have the right number and mix of inventory to accommodate customer preferences and demand. The number of combinations of vehicles and features modeled weekly by SIMS is huge and requires a supercomputer to run the algorithm. As a result, Ford dealerships are confidently making smart and cost-effective inventory ordering decisions.
“We are honored to be recognized with IIA’s ANNY award for Excellence in Analytics and to be in the good company of the other finalists and previous years’ winners. I am very proud of the work our team accomplished with SIMS and we are delighted to be acknowledged by IIA and our peers,” said John Ginder, Manager Systems and Analytics & Environmental Sciences at Ford Motor Company.
Recipients of the ANNY award are nominated by IIA’s community of analytics experts and practitioners in recognition of each organization’s use of analytics to drive measurable business impact. All nominees were asked to complete an in-depth application and were evaluated in five key areas:
- Outcomes: Evidence of sustained, measurable success against planned targets and objectives
- Ambition: Evidence of innovative and unique quantitative analytical techniques being applied
- Scale: Level of coordinated internal resources to foster a meaningful, enterprise-wide analytics program
- Skills: Evidence of a commitment to improving analytical skills of all user types across the enterprise
- Insights: Evidence of higher quality insights and decision-making resulting in the analytical activity
Ford Motor Company was selected after a rigorous review process conducted by IIA’s Research Director Tom Davenport and IIA Faculty. This annual award acknowledges companies that go above and beyond to develop advanced analytics capabilities. These trailblazing organizations make use of analytics to deliver significant business impact. Previous years’ winners have included Procter & Gamble, UnitedHealth Group, and Intermountain Healthcare.
“Ford Motor Company’s use of analytics to optimize inventory management for dealerships stood out as exceptional. IIA congratulates Ford and the finalists for their great work to harness the power of analytics within their organizations,” said IIA Co-founder and CEO, Jack Phillips.
About the CAO Summit
The CAO Summit is one of IIA’s signature client events that convenes analytics professionals to discuss and share the latest research findings and best practices in analytics. The event is designed for business leaders charged to deliver measurable impact with analytics. With a cross-industry focus, the CAO Summit will provide thought-provoking strategies and tactics to advance any analytics program. For more information about the CAO Summit, visit caosummit.com.
The International Institute for Analytics (IIA) is an independent research and advisory firm for organizations committed to accelerating their business through the power of analytics. Co-founded by Research Director Thomas H. Davenport and CEO Jack Phillips, IIA works across a breadth of industries to uncover actionable insights from its network of analytics practitioners, industry experts and faculty. IIA’s Enterprise Research clients gain access to an extensive research library, faculty-moderated executive roundtables and phone conversations. IIA also provides analytics benchmarking, inquiry and advisory services to its members, allowing business leaders and analytics professionals to keep their fingers on the pulse of analytics in the new data economy. Since its inception, SAS, Intel, Teradata, and Dell have supported IIA as underwriters. For more information about IIA, and how you can become a member, visit http://www.iianalytics.com or call 503-467-0210.