Vekia Listed Again in Gartner Market Guide for Retail Forecasting and Replenishment Solutions
During the Gartner’s annual Supply Chain Executive Conference held May 23-25 in Phoenix USA, Vekia, one of the two global world’s top software publishers and the start-up that revolutionizes retail Supply Chain with Artificial Intelligence, was recognized twice byt Gartner : In the “Market Guide for Retail Forecasting and Replenishment Solutions” (December 2016) and in the “Hype Cycle for Emerging Technologies” (July 2016).
Vekia believes its inclusion confirms the leadership status of the French software for demand forecast and supply management.
The Market Guide for Retail Forecasting and Replenishment Solutions(December 2016) analyzes all challenges Retailers face today. According to the report, « Machine Learning technologies disrupt the previous limits of demand forecast and supply management by widening the sphere of possibilities due to routine task automation, robust nature and extreme agility.
In this report, Gartner identifies forecasting and replenishment market direction is shaped by three key trends:
- Increased interest in cloud platforms
- The pursuit of customer-centricity
- The increased importance assigned to measuring forecast accuracy
Hype Cycle for Emerging Technologies, (July 2016) places Machine Learning at the peak of inflated expectations.
This year, three trends stand out at a high level:
- Perceptual smart machine age
- Transparently immersive experiences
- Platform revolution
The report conveys that Machine Learning is at the peak of inflated expectationsand will be widely adopted by the most companies within 2 to 5 years.
Machine Learning is increasingly valuable to companies over the next few years with the ease of implementation, computing power and data volumes that will allow companies to quickly adapt to new situations, indicates the technology consulting firm.
Vekia is a Machine Learning pioneer in inventory and supply management systems. Artificial intelligence is at the heart of Vekia’s expertise and solutions.
Machine Learning takes the precision to the next level and is present in each of Vekia’s sales forecast and inventory calculations. This capacity enables a systematic and efficient approach to most precise forecasting model.
“Vekia has been included for the second year in a row by Gartner. We believe the exceptional nature [of being twice included] demonstrates the strength of our expertise and our long experience in the field of Machine Learning for Supply Chain. We are proud and continue to invest in order to remain at the cutting edge of technology to deliver the highest possible performance to our customers, “concludes Manuel Davy, Executive President of Vekia.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.