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
The goal of Continuous Testing is to shift testing left to find defects earlier and release software faster. This can be achieved by integrating a set of open source functional and performance testing tools in the early stages of your software delivery lifecycle. There is one process that binds all application delivery stages together into one well-orchestrated machine: Continuous Testing. Continuous Testing is the conveyer belt between the Software Factory and production stages. Artifacts are m...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Cloud resources, although available in abundance, are inherently volatile. For transactional computing, like ERP and most enterprise software, this is a challenge as transactional integrity and data fidelity is paramount – making it a challenge to create cloud native applications while relying on RDBMS. In his session at 21st Cloud Expo, Claus Jepsen, Chief Architect and Head of Innovation Labs at Unit4, will explore that in order to create distributed and scalable solutions ensuring high availa...
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, d...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
In his session at @DevOpsSummit at 20th Cloud Expo, Kelly Looney, director of DevOps consulting for Skytap, showed how an incremental approach to introducing containers into complex, distributed applications results in modernization with less risk and more reward. He also shared the story of how Skytap used Docker to get out of the business of managing infrastructure, and into the business of delivering innovation and business value. Attendees learned how up-front planning allows for a clean sep...
Detecting internal user threats in the Big Data eco-system is challenging and cumbersome. Many organizations monitor internal usage of the Big Data eco-system using a set of alerts. This is not a scalable process given the increase in the number of alerts with the accelerating growth in data volume and user base. Organizations are increasingly leveraging machine learning to monitor only those data elements that are sensitive and critical, autonomously establish monitoring policies, and to detect...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...