Fastest growing AI-product company joins renowned ranks of extraordinary pioneers
NEW YORK, March 31, 2023 – Impact Analytics is thrilled to announce that it has been named to Fortune list of America’s Most Innovative Companies for 2023. Impact Analytics is a leading provider of SaaS AI-based solutions for supply chain, merchandise planning and price optimization in retail, CPG and manufacturing.
“Our Impact Analytics team is honored to be named to the Fortune list of America’s Most Innovative Companies 2023, alongside other renowned innovators like Apple, Microsoft, Tesla and Boeing, to name a few, who are paving the way for future advancements in their respective fields,” said Prashant Agrawal, CEO of Impact Analytics. “To be recognized as a peer among these industry giants is a testament to our team, and their talent and drive to continuously innovate.”
Impact Analytics, the youngest company in the top 100, is the only software company focused on helping retailers, CPG brands and manufacturers in taking a modern approach to solving today’s supply chain, merchandise planning, and lifecycle pricing needs. The company’s best-in-class forecasting engine is changing how these verticals consume and leverage AI.
“Time to insight is critical, and our customers are moving at the speed of the consumer with AI and ML,” Agrawal said. “Through our data-driven platform, companies gain valuable real-time insights into consumer behavior, demand patterns, pricing elasticities and inventory levels, reducing the risk of excess inventory and optimizing working capital.”
Customers benefit from significantly improved forecast accuracy, which leads to substantial revenue and margin increases. Impact Analytics uses more than 30,000 modeling constructs to generate highly accurate forecasts to drive smarter decision making, combining recency and history. These forecasts power their end-to-end integrated planning, pricing, and merchandising platform, while the AI layer orchestrates and automates end-to-end data management and governance of all models.
The AI-powered platform also improves sustainability efforts by assisting users in making more precise decisions, reducing waste, and lowering their carbon footprint.
“It’s thrilling and rewarding to see how our customers are developing business resilience with our AI platform, resulting in better customer experiences, increased sales and greater profits,” Agrawal said.
Read more about Impact Analytics client successes like Ralph Lauren, Tapestry, Dick’s Sporting Goods, Carter’s, PVH Corp., BJ’s Wholesale Club, Pet Supplies Plus, Ring, Procter & Gamble and their innovations here.
Fortune and Statista selected America’s Most Innovative Companies 2023 based on product innovation, process innovation and innovation culture. Following a rigorous evaluation, the 300 US companies with the highest score were awarded as America’s Most Innovative Companies 2023. The full list can currently be viewed on the Fortune website.
ABOUT IMPACT ANALYTICS
Impact Analytics is a proven leader in retail, CPG, manufacturing and supply chain-focused enterprise AI SaaS solutions. Its suite of products for planning, forecasting, merchandising and end-to-end lifecycle pricing is empowering leading retailers to make smart data-based decisions, transform their businesses, and achieve substantial business benefits. Impact Analytics’ unique engagement model allows for quick implementations to be executed in a cost-efficient manner with lower TCO. To learn more, visit www.impactanalytics.co.