With PredictX retailers can take advantage of predictive real-time analytics
26th Feb 2018 – Visitors to this year’s EuroCIS expo, 27th February – 1st March, will be the first to learn about Epson’s new Omnilink Merchant Services partner PredictX, a leader in predictive analytics and machine learning, and its solutions for retail.
Thanks to Epson’s Omnilink Merchant Services that processes cloud connected receipt data at unprecedented speeds, PredictX can provide a wide range of predictive analytics in real-time, allowing retailers to react quicker than ever before and take predictive actions to a rapidly evolving market.
Armed with information from a live stream of analytics, retailers signed up to PredictX will be able to respond to emerging trends by spotting well performing stores and categories, allowing them to roll out and repeat successful actions. They will also be able to identify and intervene on low performing stores or categories.
Offering prescriptive analytics, the PredictX retail application will also ease the burden and frequency of reporting for finance, head office and executive teams thanks to automated reports, trends and dashboards – created in real-time.
Using real-time predictive analytics and AI applications, retailers will be able to take predictive actions for their operations by optimising product placement, promotion planning, fraud detection, workforce planning, inventory planning, employee training, shrinkage minimisation and more.
Keesup Choe, CEO, PredictX, says, “We are very excited to partner with Epson to bring predictive analytics to retailers. Our partnership will enable retailers to gain visibility over sales and operations previously inaccessible due to disconnected systems in the business. Access to intelligence from live receipt data will allow retailers to pre-empt operational inefficiencies and prioritise actions to maximise spend per customer.” Shobana Balasundaram, Senior Product Manager, PredictX, says “PredictX and Epson are together transforming the way retailers access intelligence and real time AI”.
David Gross, product manager, Epson Europe, says, “retailers are under enormous pressure to perform and need every tool they can get to help them face a challenging market. With this solution, retailers are going to be able to get the information they need, when they need it, to enable them to make smart and incisive decisions that benefit their business.”
Visitors to the EuroCIS expo, 27th February – 3rd March 2018, can find out more about the new partnership on stand D40.
PredictX works with retailers and allows finance, operation and marketing managers full visibility into all elements of operational and sales activity. It uses advanced analytics to ensure all data across systems is captured, matched, enriched and analysed. The product provides an integrated reporting suite and dynamic analysis to allow managers to make business decisions based on accurate data and predictive insight.
Epson is a global technology leader dedicated to connecting people, things and information with its original efficient, compact and precision technologies. With a lineup that ranges from inkjet printers and digital printing systems to 3LCD projectors, smart glasses, sensing systems and industrial robots, the company is focused on driving innovations and exceeding customer expectations in inkjet, visual communications, wearables and robotics.
Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises more than 80,000 employees in 86 companies around the world, and is proud of its contributions to the communities in which it operates and its ongoing efforts to reduce environmental impacts.
About Epson Europe
Epson Europe B.V., based in Amsterdam, is the Group’s regional headquarters for Europe, Middle-East, Russia, and Africa. With a workforce of 1,750 employees, Epson Europe’s sales for fiscal year 2016 were 1,668 million Euros. http://www.epson.eu
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