Welcome!

News Feed Item

Predictix Thinks Differently, Challenges the Status Quo to Give Retailers a Competitive Edge

Predictix will showcase its suite of highly differentiated Planning and Merchandising and Supply Chain solutions this week at the National Retail Federation (NRF) Conference and Expo, booth #975, Jan. 14 and 15. Every aspect of the Predictix approach—from a fundamentally better architecture and science to an adoption-focused implementation approach—is designed to drive significantly better decisions across the retail organization.

Predictix solutions are designed for the mission-critical decisions on the front-end of retail, including Planning, Assortment, Pricing, Promotions, Forecasting and Replenishment. However, unlike rigid, traditional software solutions, Predictix takes a fresh approach by:

  • Offering highly tailored solutions that fit each retailer's unique business model and need.
  • Providing a better understanding of consumer demand as the foundation for smarter decision-making across the entire retail organization.
  • Driving solutions that nimbly evolve as the retailer's business needs change.

Predictix is on the forefront of one of the most important trends in retail today, as retailers seek new answers to their toughest problems in a highly competitive era marked by Big Data, omni-channel retailing, and an intense battle for the customer. As a McKinsey Global Institute article pointed out, "radical customization, constant experimentation, and novel business models will be new hallmarks of competition as companies capture and analyze huge volumes of data"1—an approach that is embraced by Predictix.

The Predictive Adaptive Platform for Intelligent DecisionsTM is at the heart of the Predictix approach, with a cloud-based platform that provides unprecedented scale and the ability to manage, mine and process data volumes that were previously unachievable. The platform includes a component library platform that encompasses unlimited cloud-computing power, predictive analytics combined with the latest forecasting science, and fully configurable processes. The platform drives Predictix' tailored solutions that are uniquely suited to each retailer's purposes and processes and that are designed for rapid user adoption.

As a result, Predictix is helping retailers compete more effectively with solutions that challenge the status quo in retail technology.

For example, the Merchants and Assortment Planning teams at one STORES Top 10 retailer had very different needs for both deciding product/store eligibility for future merchandise seasons, as well as managing the current assortments week-to-week in-season. The retailer had large sets of SKUs/stores to manage but also wanted to give their stores input in their assortment decisions. The retailer selected Predictix as the only vendor that was able to provide a single solution to recommend actions in-season to maximize current assortment performance, while also offering end-to-end pre-season assortment planning.

In another case, a Tier 1 specialty retailer needed to improve its localized assortments and increase inventory turns, encompassing core products, as well as, highly seasonal merchandise with a well-defined selling period. Predictix was able to meet the retailer's precise needs with Predictix Financial Planning, Assortment Planning and Item Planning solutions that can adapt to a complex business model that includes distinct needs across each of the retailer's channels, brands and geographies.

"Predictix is proud to work with some of the most successful and innovative retailers in the industry, and to deliver differentiated solutions that can't be found with any other technology provider," said John Simon, CEO, Predictix. "Predictix dares to think differently, and we look forward to expanding the breadth and capabilities of our solutions even further in 2013 and to helping our Predictix clients compete even more effectively."

About Predictix

Predictix empowers retailers and brands to drive competitive advantage and market differentiation through innovative planning, merchandising and supply-chain solutions. The Predictix Adaptive Platform for Intelligent Decisions™ leverages Big Data, sophisticated predictive analytics, the latest high-performance retail science, and the unlimited elasticity and computing power of the cloud. Our unified decision support platform quickly enables retailers to gain real-time, accurate insights that shape better decisions, improve agility, and reduce risk.

Predictix transforms the way decisions are made – allowing retailers to create market differentiation and outperform the competition. Learn more at www.predictix.com.

1 McKinsey Quarterly, "Are you ready for the era of ‘big data’?," October 2011

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
"Cloud computing is certainly changing how people consume storage, how they use it, and what they use it for. It's also making people rethink how they architect their environment," stated Brad Winett, Senior Technologist for DDN Storage, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at 20th Cloud Expo, Brad Winett, Senior Technologist for DDN Storage, will present several current, end-user environments that are using object storage at scale for cloud deployments including private cloud and cloud providers. Details on the top considerations of features and functions for selecting object storage will be included. Brad will also touch on recent developments in tiering technologies that deliver single solution and an end-user view of data across files and objects...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settl...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
In his session at @ThingsExpo, Dr. Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, presented the findings of a series of six detailed case studies of how large corporations are implementing IoT. The session explored how IoT has improved their economic performance, had major impacts on business models and resulted in impressive ROIs. The companies covered span manufacturing and services firms. He also explored servicification, how manufacturing firms shift from se...
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...