Today, Business Intelligence Group has named the Fresh Retail Platform a winner in the 2023 BIG Innovation Awards product category. This award is presented to a single product or product line launched or updated in the last 12 months whose innovative approach or product has caused market or customer disruption.
This marks the second consecutive year that the Invafresh Fresh Retail Platform (FRP) – the only centralized, cloud-native platform solution designed specifically for grocery retail – has been awarded a BIG Innovation Award.
FRP leverages Artificial Intelligence (AI), Machine Learning (ML) and built-in analytics, to provide grocery retailers access to real-time data and industry benchmarks, enabling data-driven decision-making to optimize processes across replenishment, merchandising and sustainability categories.
For many of our clients the ability to turn data into actionable insights has directly translated into sales growth, minimized shrink, and improved operational efficiency. Not only that, but as consumer behaviors continue to shift, the ability to understand data has enabled retailers to anticipate changing shopper trends and take action before it negatively impacts their business.
“Today, the industry is in a unique position where it needs to embrace technology to thrive,” says Joe Smirlies SVP of Product. “Invafresh is at the forefront of change within the grocery industry and fresh food retail operations with our Fresh Retail Platform, and we’re more dedicated than ever to creating a fresher, healthier, and more sustainable future for grocers and consumers alike.”
“Innovation is ‘business critical’ in today’s society,” said Maria Jimenez, chief operating officer of the Business Intelligence Group. “We are thrilled to be honoring Invafresh as they are leading by example and improving the lives of so many.”
Organizations from across the globe submitted their recent innovations for consideration in the BIG Innovation Awards. Nominations were then judged by a select group of business leaders and executives who volunteer their time and expertise to score submissions.
Discover how our Fresh Retail Platform can help you.
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.