Trond Kongrød

InovRetail, a predictive analytics company focused on retail, working with players like Levi’s, Nike and others. 1. Predicting the sales baseline and the promotional impact for a Fashion retailer where they isolate what share of the sales are due to the Promotions in place, to the weather conditions, to a specific holiday and even to localfootball games – in some cases the difference between the predictions and the real observations are less than 2%!2. Predicting the churn patterns of another Fashion retailer’s clients, allowing them to predict who is more likely to churn and allowing them to take action before it is too late3. Predicting the products that are most likely to be out-of-stock and in what locations, optimizing the logistics and operations by several orders of magnitude – this is in place for Fashion, Food and now in Sports retailers.