TORONTO (PRWEB) November 19, 2020
Daisy Intelligence, an AI-Powered platform that automates complex processes for retailers and insurance companies, today announced it has been recognized by Deloitte as one of Canada’s fastest-growing technology companies in North America. Transforming the industry through bold innovation, rapid growth, and entrepreneurial spirit, Daisy Intelligence has ranked No. 29 by achieving 669 percent in revenue growth from 2016 to 2019.
The Deloitte Technology Fast 50 program winners consist of public and private companies in the technology sector, which have transformed the industry. Now in its 23rd year, the program runs alongside the broader Deloitte North American Technology Fast 500™, with winners automatically eligible for this elite ranking.
Daisy’s AI-Powered solutions generate significant financial results for the company’s clients in the retail and insurance industries by delivering business recommendations and automating many complex processes that lay beyond human capability. Daisy has catalyzed a revolution in category management that has helped drive the company’s retailer clients to increased sales by an average of 2.9%; through optimization of their product and pricing mixes. Insurance company clients use Daisy’s AI-Powered risk management platform to save millions of dollars by detecting fraud and automating the adjudication of claims.
“We are honoured to be ranked among Canada’s top fastest growing technology companies,” said Gary Saarenvirta, Daisy’s Founder and CEO. “Daisy’s impressive and ongoing growth is only possible through the contributions and support of our employees, both past and present, our customers and strategic partners, our investors, and the technology business community here in Toronto. We are proud and grateful for where we stand today.”
“This year’s Fast 50 winners should be especially proud of this designation, as their role in the fabric of Canadian business – particularly during these turbulent times – is crucial,” said Erica Pretorius, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Their bold vision and true commitment to innovation allow them to not only improve today’s world, but also shape tomorrow’s, despite the constant uncertainty. This year’s winners are proving themselves resilient, innovative and adaptable, all in an unpredictable year defined by economic instability and the continuing public health crisis.”
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.
About 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 distinct categories, including the Technology Fast 50 ranking, Enterprise Fast 15, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying technology companies in the United States and Canada. The 2020 program sponsors include Deloitte, RBC, CBRE, Clarity Recruitment, and Lafond. For further information, visit http://www.fast50.ca.
Deloitte provides audit and assurance, consulting, financial advisory, risk advisory, tax, and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and service to address clients’ most complex business challenges. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see http://www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
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About Daisy Intelligence
Daisy is an AI-Powered platform for retail and insurance. Daisy uses reinforcement learning, a branch of AI, and its patent-pending Theory of Retail™ and Theory of Risk™ to be truly unique in the marketplace and on the cutting edge of the category management and risk management revolution. Daisy’s platforms, developed by a highly skilled team of 50+ computational scientists, mathematicians and business domain experts analyzes 100% of an organization’s transactions, executing billions of simulations daily to deliver optimized merchandise planning and risk management decisions for its clients. For additional information visit daisyintelligence.com.