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CPG Industry Veteran Steven Hornyak Named CEO of Symphony CPG|AI, a New SymphonyAI CompanySymphony CPG|AI, a global provider of strategic revenue management solutions for CPG brands powered by machine learning and natural language processing, today announced Steven Hornyak as its CEO. In this role, Hornyak will lead the rapid growth of a new company delivering a new value proposition to an industry that is accelerating its investment in data science and automation, but often struggles to increase revenues due to a lack of comprehensive and easily understood real-time data. To address this challenge, Symphony CPG|AI provides a suite of AI-enabled decision support solutions designed to incrementally increase revenues and margins by sensing, predicting and shaping consumer behavior to optimize product, price, promotion, space, assortment, and inventory strategies. The solutions provide actionable intelligence to CPG teams based on real-time data analysis across all channels, presented in a natural language format so that even non-technical members of the organization are able to identify new threats and opportunities and accelerate the pace, scale and profitability of decision making. Symphony CPG|AI will play a key role within the SymphonyAI group, delivering CPG-specific solutions built on more than two decades of experience working with large scale grocery retail data and analytics and a legacy of machine learning innovation. Its partnership with Symphony RetailAI provides detailed insights into more than $350 billion worth of grocery transactions, 175 million households, 3 billion SKUs and more than 250,000 stores - which is why 25 of the top 25 CPG companies rely on its data. "Throughout my career, I've worked to solve challenges presented by inefficient and inconsistent data sharing between field teams, sales reps, brand marketing and corporate teams, and the associated negative impact on revenues," said Hornyak. "Symphony CPG|AI makes key strategic revenue management and trade promotion optimization insights available to front-line users." Hornyak most recently served as CEO, Americas for Trax Image Recognition, the world's leading image recognition and artificial intelligence company for CPG and retailers, and has three decades of experience leading global commerce initiatives for leading organizations including Clarus, SQL Financials, Oracle (News - Alert) and PWC. Prior to Trax, he served as EVP Sales and Marketing for Flir/NOMi (formerly Brickstream Corporation), a vertically integrated software enabled sensor and analytic SAAS software company focused on delivering customer behavior insights to bricks and mortar companies. To learn more about Symphony CPG|AI, visit www.cpgai.com. About Symphony CPG|AI Symphony CPG|AI is a global provider of a strategic revenue management solution suite for CPG manufacturers powered by artificial intelligence. Created from the ground up based on deep retail, grocery and CPG experience, the Symphony CPG|AI solution suite features the latest innovations in machine learning and natural language processing to provide comprehensive actionable intelligence across all channels in plain English, enabling CPG teams to work smarter and faster to incrementally increase revenues and profits. That's why 25 of the Top 25 global CPG brands rely on our insights. Symphony CPG|AI is a SymphonyAI company. More at www.cpgai.com. About SymphonyAI SymphonyAI is a group of companies that provide the leading AI-centric solutions for transforming the business enterprise by driving revenue growth and operational excellence, for the retail, CPG, healthcare and industrial verticals, and for finance, IT and other key enterprise horizontal functions. Founded by Dr. Romesh Wadhwani, SymphonyAI is one of the fastest growing companies in the business-to-business AI solutions sector with revenue this year of $275 million and 1,500 employees. More at www.symphonyai.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190110005049/en/ |
