Welcome!

News Feed Item

CORRECTING and REPLACING OTTO Wins BT Retail Week Technology Award with Blue Yonder

First paragraph should read: ...Blue Yonder, a leading provider of Predictive Analytics, were named winner... (instead of ...Blue Yonder, a leading provider of Predictive Analytics, are/were named winner...)

The corrected release reads: 

OTTO WINS BT RETAIL WEEK TECHNOLOGY AWARD WITH BLUE YONDER

OTTO and Blue Yonder named winner of Best Customer Insight Project for its Closed Loop implementation

OTTO, the largest online retailer for end-consumer fashion and lifestyle in Germany, and Blue Yonder, a leading provider of Predictive Analytics, were named winner of the Best Customer Insight Project category at the BT Retail Week Technology Awards in the UK.

The project, titled ‘Closed Loop – system-based decisions throughout the product lifecycle with Predictive Analytics and Big Data’, focused on the need for sales forecasts to evolve beyond traditional ‘static’ processes.

“We are thrilled to be the recipient of such a prestigious award in the retail industry especially considering the notable competition that we stood up to,” said Michael Sinn, Director of Supply and Category Management Support, OTTO. “As an early adopter of using Big Data techniques in the retail environment our business has made great progress as a result. We look forward to continuing our award-winning and trendsetting relationship with the team at Blue Yonder.”

With Blue Yonder’s Predictive Analytics technology, OTTO is paving the way when it comes to using Big Data to improve customer insights in the retail sector. The collaboration not only highlights the importance of accurate forecasting but also underlines the value of converting data into meaningful predictions about future trends that will meet current customer demand. A classical win-win-situation since this increases the business performance as well as the customer satisfaction.

“This is a major achievement for Blue Yonder to be recognised amongst so many of our industry peers,” added Rakesh Harji, UK Managing Director, Blue Yonder. “Accurate forecasting that gives retailers the power to predict future customer needs and purchasing habits is becoming critical in a multichannel world. For our Predictive Analytics technology to be selected as leader in this field is a huge accomplishment for all involved in the OTTO Closed Loop project.”

The awards were celebrated at the Hilton Hotel, Park Lane, London on 11 June 2014. Run by Retail Week and judged by retailers, the BT Retail Week Technology Awards are designed to showcase the way in which cutting edge technology is shaping retail, improving the customer experience and driving profits.

The shortlisted retailers, chosen from an impressive number of high-standard entries, were reviewed by an esteemed jury, made up of influential figures and experts from retail. These included:

  • Graham Benson, CIO, M&M Direct
  • John Bovill, IT and E-commerce Director, Monsoon/Accessorize
  • Peter Fredrico, CIO, The Travel Corporation
  • Andy Harding, Executive Director, House of Fraser
  • Ruth Spencer, Director of Digital and Loyalty, Boots
  • Paul Coby, IT Director, John Lewis
  • Mike McNamara, CIO, Tesco

Chris Brook-Carter, editor-in-chief, Retail Week, commented: “Innovation is the life-blood of the British retail industry, driven by the huge advances in technology we are seeing. A constant drive by retailers to use technology to improve the customer experience, increase convenience and solve problems is critical to maintaining UK retail’s success as a world-leader, and in continuing to create jobs and contribute billions to the economy every year. On behalf of Retail Week, I’d like to congratulate all our deserving winners on their outstanding achievements and for helping to shape the future of the great British retail industry.”

A full list of BT Retail Week Technology Award winners can be found here.

###

About OTTO

The single company OTTO has its headquarters in Hamburg and employs around 4,350 people at its Hamburg location. Sales in the 2013/14 financial year amounted to 2.27 billion euros. OTTO now generates over 80 per cent of total sales through otto.de and additional specialist online shops. Part of the Otto Group, OTTO is the largest online retailer for end-consumer fashion and lifestyle in Germany, and the second-largest B2C online retailer altogether.

Werner Otto founded the OTTO company in 1949 and it is still under family ownership today. Dr Michael Otto, son of the company founder and for many years Chairman of the Executive Board, has developed the Otto-Versand mail order company at the time into the internationally active retail and service group, Otto Group, with 123 companies in 20 countries. Today the single company OTTO is managed by the three Management Board Members: Dr Michael Heller (OTTO Management Board, Categories), Marc Opelt (OTTO Management Board, Marketing & Sales) and Petra Scharner-Wolff (OTTO Management Board, Services).

About Blue Yonder (www.blue-yonder.com)

Blue Yonder is the leading SaaS provider for Predictive Applications in the European market. The company’s platform automates mass decisions in real time, resulting in accurate forecasts. Founded in 2008 and based in Karlsruhe, Germany, Blue Yonder provides industry-specific forecasting software that enables customers like Otto, EON and Next to optimize the key business processes and to become “predictive enterprises.” Founded by the former CERN researcher Prof. Michael Feindt, Blue Yonder has the largest team of world-class Data Scientists in Europe. Using scientifically-based and innovative technologies such as predictive modeling and machine-learning approaches, Blue Yonder helps companies to increase their profit. With its scalable and cloud-based platform, Blue Yonder delivers precise predictions for demand planning and replenishment. It is also being used for dynamic pricing and customer analytics. In January 2014, Blue Yonder launched the Data Science Academy to provide relevant expertise to businesses and to train management as well as business users and IT. Blue Yonder's work has been recognized by many industry awards such as the 2013 FOCUS Digital Star Award and most recently, the Deutscher Innovationspreis 2014 and Retail Week Technology Awards 2014.

About Retail Week

Retail Week provides breaking news and accurate insight into the retail sectors and disciplines that matter, helping the UK retail industry make the right investment and business decisions. Subscribers access essential data, news and clear analysis through multiple channels including the weekly magazine, in-depth specialist reports and content from industry leading contributors; via an interactive retail database; and through unrivalled access, networking and celebration at Retail Week’s essential face-to-face business events and Awards. With 47 of the top 50 UK retailers as customers, Retail Week is at the centre of UK retail and both reflects and champions the industry. Its invaluable content guides businesses through the myriad of challenges in today’s retail environment. Retail Week, the UK’s number one retail brand, is powered by EMAP. www.retailweek.com

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
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
We all know that end users experience the internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices - not doing so will be a path to eventual ...
We all know that end users experience the internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices - not doing so will be a path to eventual ...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
Michael Maximilien, better known as max or Dr. Max, is a computer scientist with IBM. At IBM Research Triangle Park, he was a principal engineer for the worldwide industry point-of-sale standard: JavaPOS. At IBM Research, some highlights include pioneering research on semantic Web services, mashups, and cloud computing, and platform-as-a-service. He joined the IBM Cloud Labs in 2014 and works closely with Pivotal Inc., to help make the Cloud Found the best PaaS.
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.