SOURCE: Profitect

Profitect

November 02, 2015 08:00 ET

Profitect CEO to Speak at Retail Industry Leaders Association Conference

WALTHAM, MA--(Marketwired - November 02, 2015) - Profitect Inc., the leading prescriptive analytics provider for the retail industry, today announced its CEO Guy Yehiav will be speaking to attendees from 15 of the leading retail brands at the upcoming Retail Industry Leaders Association (RILA) Horizons conference. The event, held Nov. 3-4, 2015 at Carnegie Mellon University in Pittsburgh, PA, features executives from retailers across verticals in the U.S., who come together for industry-specific problem solving and the sharing of best practices.

As one of a select few technology vendors speaking at the conference, Yehiav will be presenting on the critical need for retailers to turn big data into action. From loss prevention to sales, retailers can benefit from prescriptive analytics across the organization. Through the identification of patterns and an associated resolution that is delivered to the right person, at the right time, organizations will begin to optimize the decision-making process for retail sales, inventory, compliance, waste/damage and profitability. Yehiav will discuss how retailers must move beyond traditional business intelligence, exception based reporting and complex reporting to provide the highest volume of sales and the lowest turnover for losses.

Profitect analyzes data from POS, inventory, supply chain, and merchandizing systems. Through the use of prescriptive analytics, retailers can quickly identify opportunities for improvement, reduce shrink, increase sales, improve margins, and achieve the overarching goal of providing better customer service.

For more from the exclusive event, follow @Profitect and @guyyehiav for real-time updates. Also, check out the Profitect blog for more from Guy and key learnings stemming from the conference.

About Profitect

Profitect leverages existing big data investments to identify, resolve, and measure opportunities for improvement by delivering actionable prescriptive analytics to the right person, at the right time.

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