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Profitect CEO Guy Yehiav, Professor Daniel Corsten, and Chris Hockley, business analyst at Marks & Spencer to speak on big data, predictive analytics and the bottom line
WALTHAM, Mass., March 6, 2013 /PRNewswire/ -- Profitect today announced the company will lead a keynote session along with Daniel Corsten, professor at IE Business School, and Chris Hockley of Marks & Spencer, one of the UK's largest retailers, at the 2013 Retail Technology Business Expo, March 12 at 9:45 am in theatre A, of Earl's Court, London.
The keynote will focus on how traditional business intelligence solutions are no longer enough. Retailers today understand that they not only need analytics, but also solutions that automate opportunities to take actions and ensure completion. Profitect will also highlight its modular Profit Amplification predictive analytics suite at stand #421 throughout the rest of the expo, March 12-13.
"Retailers are just beginning to understand the importance and benefits of utilizing big data and predictive analytics," said Guy Yehiav, Profitect CEO. "However, the missing link between analyzing big data and its value is making it actionable in a timely, detailed and guided manner. We will discuss how big data and pattern-seeking predictive analytics is a technology that offers that for retail."
In addition to presenting with Profitect, Corsten will also be the guest speaker at an exclusive dinner for leading UK retailers being held on Tuesday, March 12. Retailers interested in attending this dinner, please contact Fran Clark at email@example.com.
During that same period, Profitect will also be attending the 2013 FMI Asset Protection conference in Phoenix, AZ, March 10-13, where Profitect will be exhibiting their profit amplification suite.
Profitect's Profit Amplification software, a pattern-seeking solution, enables retailers to quickly realize increased revenue and reduced costs across the entire retail supply chain. Profit Amplification pattern-seeking algorithms can "tell a story" by identifying the root cause in anomalies such as inventory distortion, on-shelf availability, shrink/waste/damage, or process compliance – helping retailers minimize the effort necessary to identify controllable factors that the solution translates into action. As a result, retailers can move quickly to prevent profit leakage at all levels of the organization, ultimately improving business processes and the top & bottom line.
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