Profitect Contending Finalist for Third Consecutive Year of (R)Tech AP Innovation Award
BURLINGTON, MA – April 30, 2018 – Profitect Inc., the leading prescriptive analytics solution provider for the retail and CPG industry, today announced the company will co-present with customer Walgreens at the 2018 RILA AP conference. The presentation, titled, “Walgreens Mobile First Approach to Combating Total Retail Loss,” will take place on Tuesday, May 1 at 2:45 pm. The full RILA AP conference will run from April 29 – May 2 and will be held at the Gaylord Palms Resort & Convention Center in Orlando, Florida.
In addition to speaking and exhibiting at the conference (booth #606), Profitect is also a finalist for the third consecutive year for the (R)Tech AP Innovation Award. These awards showcase game-changing technologies that mitigate total retail loss and recognizes the visionary companies that are developing these solutions. In last year’s award ceremony, Profitect won the Retailers’ Choice Award for the second consecutive year, and placed second in the Innovation Award, having placed first in the year prior. The awards for first, second, and third place, and Retailers’ Choice, will be announced live from the main stage on Tuesday, May 1 at 3:45 pm.
“We have so much going on at this year’s RILA AP conference and we truly cannot wait for the show to get started,” said Guy Yehiav, Profitect CEO. “In addition to speaking with Walgreens on Tuesday, we are honored to be recognized as a finalist once again for the (R)Tech AP Innovation Award and are eager to highlight our innovative machine learning capabilities to the committee. The team and I can’t wait to bring our prescriptive analytics message to such an engaged loss prevention community. I am confident this will be our best RILA AP to date!”
Details for the RILA AP speaking session include:
- WHO: Walgreens Director Asset Protection Solutions Bill Inzeo, Profitect CEO Guy Yehiav
- WHAT: Walgreens Mobile First Approach to Combating Total Retail Loss
- WHEN: Tuesday, May 1st at 2:45 pm – 3:30 pm
- WHERE: Emerging Technology Track, Gaylord Palms Resort & Convention Center, Profitect also available for questions at booth #606
RILA AP offers a best-in-class educational program addressing the topics that matter most to retailers. As one of the premier events for retail asset-protection executives, this is the only industry event for those that hope to gain powerful insights, extensive networking, and in-depth content. Profitect will be participating in the social conversation around the show via the hashtag #RILAAP.
Profitect’s prescriptive analytics solution leverages pattern detection and machine learning to identify opportunities that impact sales and margin. Profitect takes retail and CPG company data to identify areas for improvement including: inventory accuracy, out of stocks, pricing accuracy, unsellable merchandise, and assortment discrepancies. Profitect customers typically realize a 2-5% increase in sales, better consumer experience, 10%-15% basis point margin improvement, and labor productivity improvement within 6 months. To learn more about Profitect visit: http://www.profitect.com.