Last week on December 10th our Managing Director - France, Hervé Fauvin, was honored to accept the 2014 Technology Innovation Award for Big Data Analytics in Retail from Frost & Sullivan in Frankfurt, Germany. The award is presented each year to companies that demonstrate a unique vision in leveraging new technologies that significantly impact the functionality and value of products and applications – and this year, OrderDynamics was the sole recipient. OrderDynamics was recognized for our Dynamic Action solution, a Decision Intelligence Application that analyzes data across a retailer’s organization and presents immediate actions for profitable growth across the enterprise.

Dynamic Action clients benefit from a complete omnichannel view of the entire enterprise – helping leading retailers such as Neiman Marcus, Brooks Brothers and T.M. Lewin track real-time data in all areas of their business, including products, services, marketing, customers and channels. By pinpointing specific barriers to profitability and gleaning insights on prioritized recommendations for prescriptive action, Dynamic Action customers have seen 21% YoY increase in profits from 2013 to 2014. As a result, OrderDynamics has seen 43% compound annual growth, and generated $48 million in the 2013 fiscal year alone – a 169% YoY growth rate.

 “OrderDynamics has engineered a big data analytics solution for retail that is one-of-a-kind in the marketplace. The ability to analyze big data in near real-time as it pertains to all areas of a retail business, across all storefronts – via online ecommerce or traditional brick-and-mortar – is a significant technological advancement and critical for retailers to succeed in today’s competitive landscape.” – Ben Gresham, Frost & Sullivan Research Analyst.

Frost & Sullivan conducted a full analysis of the big data analytics industry, and reported that, “OrderDynamics is a creator of decisive, dynamic, actionable data and software solutions that are critical for retail success.” The OrderDynamics team in the US and abroad are honored to have received such a prestigious recognition, and are committed to helping our customers continue to reach new heights in profitability and customer service!