Invent Analytics, a provider of AI solutions for retailers, has been named the winner of 2020 Startup Innovation Awards for Supply Chain presented by the Retail Industry Leaders Association (RILA), the trade association representing the world’s largest retail brands. Invent Analytics’ solutions use artificial intelligence (AI) to help companies optimize their inventory and pricing levels.
For this year’s award RILA received more than 50 nominations, which were narrowed down by its Supply Chain Technology Advisory Council to three finalists: Invent Analytics; autonomous delivery-vehicle provider Gatik and autonomous mobile robot provider Magazino. Each of the finalists presented their solutions on Monday to the attendees during a general session at LINK2020 and attendees voted on the winner. “We’re honored to win RILA’s Startup Innovation Award,” said Gurhan Kok, founder of Invent Analytics. “The tremendous feedback we’ve received shows retailers are ready to take inventory management to the next level and that our profit maximizing solution, driven by state-of-the-art AI, is what they have been waiting for.”
“As retailers look to evolve their supply chains to meet consumer demands in new and exciting ways, exposure to new players and cutting-edge solutions is incredibly valuable,” said Jess Dankert, RILA’s vice president of supply chain. “The Awards showcase innovation and the fact that top retail supply chain executives chose Invent Analytics as the winner is a great testament to their technology and hard work. RILA is honored to be able to recognize them in Dallas.”
Read the official announcement here.
The Retail Supply Chain Conference gathers top executives in retail supply chain to network and learn.
If you want to learn how you can leverage cutting-edge technologies like AI and Machine Learning to give more profitable Inventory and Price decisions, schedule a meeting with us in our booth #1614.
Invent Analytics is organizing a hackathon and algorithm challenge in cooperation with COMPEC.
The event will take place at Invent Analytics in ITU Arı 8 on May 6 and 7.
Challenge: Design an algorithm and create a basic decision-support system for the given business problem utilizing data-driven analysis, data visualization, and/or innovative apps.
Teams can be comprised of 2 to 5 people.
COMPEC is a career club founded in 1994 at Boğaziçi University that works on areas like computer science, computer hardware, software, IT and the Internet technologies. The club aims to help students become skilled and educated individuals in computation and technology.
Apply here: https://goo.gl/forms/HRMntIKMQqpMt1482
For detailed info: https://www.facebook.com/
Invent Analytics offices at ITU Teknokent ARI 8 (Maslak). https://goo.gl/maps/bXBhFMmMciH2
Q: What type of things should we build?
A: We have data-related business problems. Based on data provided, you may share your analysis and suggestions or create a cool, innovative and useful app out of it.
Q: What should I bring?
A: You should bring yourself, great ideas and a laptop.
Q: How the data will be provided?
A: We will provide the dataset as CSV files. You may also use any data from internet if you think it would be useful.
Q: Do I have to be on a team? What if I don’t have one?
A: No, but working in teams will typically allow you to get more done in the limited amount of time you’ll have.
Q: What language or platform can I use?
A: The choice is yours! You can choose ones you feel more comfortable.
Q: Do I need to be engineer to attend hackaton?
A: No, If you are interested in data-related problems and able to come up with suggestions to solve it, you’re welcome.
Q: What if I have no experience in data-analytics?
A: Not a problem. Moreover, you will have a chance to meet with field experts. It would be a great starting point.
Q: What if I don’t have an idea?
A: That’s normal. Most people don’t have an idea before they get to the event. But once you start talking to other people, you might come up with something. You can also work with somebody else on their idea if you like it.
Q: Will I annoy people if I ask them questions?
A: Not at all! It’s the complete opposite. Hackaton aimed specifically to encourage everyone to have fun and help each other. If you’re ever stuck on anything, go find a volunteer who might able to help and if not, they will almost certainly know who can.
Q: Will food be provided?
A: It wouldn’t be a hackathon without food!
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