Australia is a vibrant country with exciting energy, and the local startup scene is booming. Australia’s economy is strong. It’s the world’s 13th-largest economy with the ninth-highest income.

Sydney is the largest of the Australian startup hubs with 35% of the nation's startups, followed by Melbourne. The area is filled with incubators and accelerators with one spreading 11 floors and 16,722 square meters. Best of all, it's right in the heart of the city.

HIVERY is mentioned in Valuer.ai's article The 50 Best Startup Cities in 2021!

HIVERY (Sydney, Australia) has been highlighted as a leader in providing category management simulation and optimization—using its novel approach to leveraging store-level data—by Coresight Research, a research and advisory firm specializing in retail and technology. 

Coresight Research’s report on precision category management features discussion of HIVERY’s Curate solution, which leverages a novel store-level (bottom-up) approach, powered by advanced machine learning (ML) and data science (DS) technologies originated in laboratories run by the CSIRO and its data innovation affiliate, Data61

HIVERY’s solution effectively analyzes store-level sales data to discover “latent shopper segments”— purchase behaviors across different shopper segments — which cannot be seen by traditional methods used today.

According to a Coresight Research survey of 200 global grocery retail decision-makers, more than half of grocery retailers globally (51%) lose 5–10% of sales due to poor in-store execution, including infrequent stock replenishment, non-compliance with planograms and cannibalization of demand due to the inability to leverage data and effective analytical tools.

Global retailers such as Walmart have also started testing new, small-format stores, significantly increasing the importance of localization in product assortment planning to respond to consumer purchasing trends and behaviors.

Coresight Research’s report highlights that HIVERY leverages store-level data, taking consumer preferences and merchandising rules into account at the store level, to help retailers better understand incremental revenue opportunities at each store. HIVERY Curate can generate optimized assortment and space recommendations as well as generate planograms at both cluster and store level. Because HIVERY Curate’s engine is able to be instructed with both assortment and space rules, the optimized assortment actually fits within the exact space available at each store. This is what truly unlocks store-level assortments and can then be rolled up into any cluster count. This report follows HIVERY’s recent listing in global agency Gartner’s Market Guide for Retail Assortment Optimization Applications in Merchandising.

A shopper-centric, store-level approach to assortment and space planning can help CPG companies and retailers to ensure effective and rapid retailer-supplier collaboration and decision-making augmented by ML/DS. This improves the shopper experience, increases overall sales and builds brand loyalty. The Coresight Research survey found that increased sales conversion emerged as the topmost benefit of effective retail merchandising. 

Deborah Weinswig, CEO and Founder of Coresight Research, said there was much excitement about the discovery of new disruptive companies such as HIVERY that are looking for problems to address category management in retail chains through speed, accuracy, flexibility, extending bottom up and localizing assortment of consumer goods.

“There is a clear gap between shopper expectations and retailers’ ability to understand or fulfill them. A data-driven approach to localization and product assortment planning is critical in today’s new retail environment. HIVERY’s ML/DS solutions can deliver significant benefits for retailers and CPG companies by leveraging store-level data in a unique way, discovering those latent shopper segments and optimizing assortment and space accordingly," Ms Weinsig said.

Scott Anderson, Chief Revenue Officer at HIVERY, said that by leveraging cutting edge technology with store-level analysis, CPG manufacturers and retailers can simulate and execute effective category strategies during their joint business planning (JBP) process to create “win-win” category strategies that grow sales and improve the shopping experience. 

“We are absolutely honored to be highlighted by Coresight Research as a leader in AI solutions for category management. With HIVERY Curate, we can now help our customers predict the impact of assortment changes, planned price changes and the incrementality of their new product innovations. This powerful predictive capability enables brand marketing, sales, and category management teams to collaborate on strategies that will grow sales for both the brand portfolio and the category. We have seen a reduction in category managers' time to execute assortment recommendations and planogram generation from weeks to hours.” Mr. Anderson said.

The Coresight Research report notes that effective localization of assortment and space planning is a challenging task, with many retailers falling short of harnessing the true potential of technologies such as modern approaches in ML and DS.

“By adopting these technologies, category management and retail merchandising professionals do not need to change their planning process. The power of AI enabled analytics enables them to be faster, smarter, and more strategic in how they leverage store-level data” Mr Anderson said.

You can download the full report here: https://www.hivery.com/age-of-precision-category-management 

HIVERY is a pioneer of hyper-local retailing, and offers simulation & optimization solutions to a growing number of retail and CPG clients in North America. 

For further information and media inquiries please contact:

Franki Chamaki, Co-founder, Marketing Director M: +61 409 213 683 E: franki@hivery.com

HIVERY is a multi-award winning pioneer of hyper-local retailing, combining machine learning, operations research, and human-centred design to help consumer packaged goods (CPG) manufacturers and retailers generate a return on physical space investments. HIVERY is transforming category management and retail trade promotion with innovative algorithms sourced from Australia's national science agency - CSIRO's Data61. HIVERY is venture-backed and headquartered in Sydney, Australia, with offices in the USA and Japan. HIVERY was founded on the vision that Data Has A Better IdeaTM - and we’re working together with our clients to uncover its full potential.

Coresight Research, is a research and advisory firm that provides future-focused analysis and consulting to organizations navigating the intersection of retail, technology and fashion.

The team, led by Deborah Weinswig, an award-winning retail and technology analyst, delivers cutting-edge research on topics such as the evolving retail landscape, changing consumer behavior, disruptive retail technologies and the future of supply chains in sectors such as apparel, beauty, grocery and furniture.

Coresight Research, with a global presence, including offices in New York, Hong Kong and London. Its services range from research and consulting to partnership building and events.

HIVERY, provider of retail simulation & optimization solutions, highlighted as involving new methods in precision category management  by Coresight Research

A high-tech aroma recovery manufacturer, a medical device innovator, a drone detection technology exporter and a dance company are among the fifteen NSW businesses to be recognised at the 2020 Premier’s NSW Resilient Export.  HIVERY was one of the fifteen.   

The Premier’s NSW Export Awards have honoured the achievements of outstanding local exporters for the past 57 years. In 2020, the NSW Government adapted the awards program as a platform to celebrate and promote stories of resilience, perseverance and adapting under pressure from the NSW export community.

Investment NSW CEO Amy Brown said the Awards shine a spotlight on stories of innovation and quick-thinking pivots by determined business leaders in the face of unprecedented challenges.


HIVERY recognised at the 2020 Premier’s NSW Resilient Export Award

A high-tech aroma recovery manufacturer, a medical device innovator, a drone detection technology exporter and a dance company are among the fifteen NSW businesses to be recognised at the 2020 Premier’s NSW Resilient Export Awards

HIVERY Curate is on track to grow client sales over $1 billion and has been named in the Gartner Market Guide for Retail Assortment Optimization Applications in Merchandising

SYDNEY, AUSTRALIA, April 30, 2021 - HIVERY has been recognized in the Market Guide for Retail Assortment Optimization Applications in Merchandising1  by globally recognized independent IT research and advisory company, Gartner.

HIVERY is a multi-award winning pioneer of hyper-local retailing, combining artiﬁcial intelligence (AI), operations research, and human-centered design to help consumer packaged goods (CPG) manufacturers and retailers generate a return on retail space investments by discovering each store's space and product assortment digital fingerprint.  HIVERY Curate is the world’s first true category management software that offers store-level optimization and rapid strategic category simulation and planogram generation.

The research report has pointed out that “assortment optimization applications can provide powerful inventory management that minimizes excessive and “dead” inventory, enabling dramatic improvement of free cash flow to fund broader digital investments.” What sets HIVERY Curate apart from others is that it can achieve this level of superior optimization by starting at the store level. HIVERY Curate identifies the unique ﬁngerprint of each store’s consumption patterns, across all items sold, then recommends the optimal assortment for each store to meet the localized consumer demand. Additionally, HIVERY Curate leverages artificial intelligence to enable our clients to perform rapid testing of different assortment options or category strategies, and predict the financial outcome of each, with unparalleled accuracy. 

Over the last year, clients have seen annual incremental sales growth of up to 10% by leveraging HIVERY Curate. In the coming months, projected client sales growth from using HIVERY Curate is on track to exceed $1 billion. In addition to incremental sales, clients have been able to streamline their category management processes and reduce resource hours by as much as 80%. The combination of sales growth and labor reduction has resulted in an unprecedented 10x return on investment for our clients 

HIVERY CEO, Jason Hosking, said that the company’s recognition by Gartner demonstrates how HIVERY’s unique artificial intelligence capability drives new brand and sales value for major CPG manufacturers and retailers in the North American market.

“HIVERY’s aim is to be the market leader in retail enabled AI solutions. Our background in deep tech and data science really sets us apart from other players. Our core focus right now is retail assortment and space optimization with our product, HIVERY Curate. Based on HIVERY’s significant growth in North America, the company plans to scale into other global markets over the next 18 to 24 months.” 

According to the Gartner report, “by 2024, Tier 1 retailers in North America and Europe will reduce inventory carrying costs by 30%, dramatically improving free cash flow for digital investment while revamping balance sheets. By 2025, the top 10 retailers globally will leverage AI to facilitate prescriptive product recommendations, transactions and forward deployment of inventory for immediate delivery to consumers.”

HIVERY is unique in that the business has the backing of the Australian Government through its national science agency, the CSIRO’s Data61. Additionally, HIVERY collaborates on research projects with universities, providing clients with unique access to the latest scientific data. HIVERY’s investors include The Coca-Cola Company, the CSIRO, and Blackbird Ventures (Australia’s pre-eminent Venture Capital firm) who successfully backed Australian billion dollar start-ups such as Canva, Zoox, Safety Culture and Culture Amp.  HIVERY has been operating for six years and has offices in Australia (Sydney), Japan (Tokyo) and the United States (Bentonville, Arkansas).

You can learn more about HIVERY Curate and view the video explainer here https://www.hivery.com/products/curate or download the latest research report by Coresight Research titled “The Age of Precision Category Management: Hyper-Localized Assortment Optimization Using Advanced Technologies” https://www.hivery.com/age-of-precision-category-management 

Source: 
1 Gartner, "Market Guide for Retail Assortment Optimization Applications in Merchandising", Robert Hetu, October 2020 

Disclaimer: 
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, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. 

Founded in Sydney in 2015, HIVERY uses artificial intelligence (AI) models to help retailers maximize revenue. HIVERY's solutions use technologies which originated in laboratories run by the CSIRO and its data innovation affiliate, Data61. These solutions generate AI-driven recommendations for CPG suppliers & retailers, enabling truly unprecedented hyper-local retailing, the simultaneous localization and optimization of product mix at the physical store level. Today, the company’s growing team of data scientists, engineers and designers are taking its applications to a global customer base. HIVERY has offices in Australia, Japan and the US.  hivery.com 

HIVERY was founded on the vision that Data Has A Better IdeaTM - and we’re working together with our clients to uncover its full potential.

To learn more about how we help decision makers fuel the future of business, visit gartner.com.

駅構内などで自動販売機を運用するJR東日本ウォータービジネス（東京・品川）が、AI（人工知能）を活用して売り上げ向上、オペレーション最適化を図っている。AIの指示で品ぞろえを見直した自販機では、比較対象機と比べて最大約40％の販売増を記録。コロナ禍で移動需要が減少する中でも、好調な実績をたたき出している... learn more

日経クロストレンド:  AIの指示で売り上げ最大約40％増　駅ナカ自販機のAI革命

Microsoft has officially launched the Microsoft Retail Innovation Club. Discover HIVERY and 28 other innovators from Australia and around the world new technologies that are disrupting stores, supply chains, customer and employee experiences.

From March to May 2021, you can access a series of videos showcasing what’s new from 28 of the industry’s most disruptive thinkers – and we’re very proud to be part of this club.

Available on-demand for a limited time only, secure your spot!

HIVERY makes the Microsoft Retail Innovation Club!

HIVERY is a multi-award winner pioneer of hyper-local retailing, combining artificial intelligence (AI), operations research, and human-centred design to help consumer packaged goods (CPG) manufacturers and retailers generate a return on physical space investments.

NSW Treasury’s Global Markets team wanted to capture the story of what HIVERY is doing in international markets, especially in Japan and our participation in the NSW Going Global Program and Japan Innovation Leaders Summit 2021

HIVERY is only one of two companies in all of NSW to be selected to be part of this exciting program. What a great honour, and to celebrate and share our story, the team at NSW Treasury’s Global Markets have produced this video.

HIVERY is a multi-award winner pioneer of hyper-local retailing,  combining artificial intelligence (AI), operations research, and human-  centred design to help consumer packaged goods (CPG) manufacturers  and retailers generate a return on physical space investments. HIVERY  is transforming category management and retail trade promotion with  innovative algorithms sourced from Australia’s national science agency, CSIRO’s Data61. HIVERY is venture-backed and headquartered in Sydney, Australia, with offices in the USA and Japan.

HIVERY was founded on the vision that Data Has A Better IdeaTM and  we’re working together with our clients to uncover its full potential.

NSW Treasury - HIVERY - Going Global Starts With Being Specific, Store-Specific!

NSW Treasury & HIVERY are going global

実証実験では最大50％※以上の売上増加も！全体では5.27％※の増加を記録！！
飲料補充の効率化で、業界の働き方改革も実現！
※近似環境でAIシステムを使用しなかった自販機との同一期間比較 ... learn more

豪州AIスタートアップHIVERYがJR東日本ウォータービジネス社と事業展開〜「HIVERY Enhance」をエキナカ自販機に本格導入〜

The two companies have been collaborating since 2017, leveraging Hivery's AI technology to optimize product assortment and column space for individual vending machines in Japan. Validated results from proof of concepts increased sales by 5.27％overall, up to a maximum of more than 50%, as well as reducing replenishment trips and improving operational productivity... learn more

Hivery, an Australia based artificial intelligence provider, will roll out its AI driven vending machine management solution to 6,000 machines across East Japan Railway's train stations, according to a press release.

Retail AI pioneer, HIVERY (headquartered in Sydney, Australia) and JR East Water Business (headquartered in Tokyo, Japan), a subsidiary of East Japan Railway Company, have agreed to rollout HIVERY Enhance - an AI-driven vending machine optimization solution, to 6,000 vending machines across East Japan Railway’s train stations.

Validated results from numerous PoCs (proof of concepts) increased sales by 5.27％ [1] overall, up to a maximum of over 50%, as well as simultaneously reducing replenishment trips and improving operational productivity.  

HIVERY and JR East Water Business have been collaborating since 2017, leveraging HIVERY’s latest AI technology to optimize product assortment and column space for individual vending machines in Japan. During the winter of 2019, the results of HIVERY Enhance showed an overall increase in sales volume by 5.27%, up to a maximum of over 50%. Furthermore, given labor storages due to a declining population, there has been growing pressure to improve operational productivity within the Japanese vending industry. HIVERY Enhance enabled JR East Water Business to streamline operations and reduce replenishment trips by automatically recommending the optimal product assortment and quantity for their vending machines. Based on this success, JR East Water Business has agreed to rollout HIVERY Enhance across 6,000 vending machines on their train stations for East Japan Railway - a first in Japan.

Until now, product assortment selection had been decided by individual operators (drivers) who are responsible for replenishing the vending machines at their designated locations. Given those decisions have been based on the operator’s accumulated experience and intuition over many years, it has been an ongoing challenge to transfer that knowledge to new operators and maintain a level of quality. HIVERY Enhance leverages the power of AI and JR East Water Business’ point of sales (POS) data, to automatically determine which products need to be stocked in which vending machine, as well as the optimal timing to swap products for individual machines. This enables any operator to efficiently make the right product assortment choices that will lead to a profitable outcome. 

Select products that are likely to sell well – By analyzing the vast amount of sales data from the full fleet of vending machines, it identifies patterns in the sales data and identifies products that are likely to sell well in any particular location.

Optimize product assortment - By understanding the demand for individual products and the effects of cannibalization of demand between products in each location, it can determine which products should be inserted and which should be taken out, to lead to the optimal outcome.

Reduce replenishment trips - From the demand forecasts of products in any location, it can calculate the number of days before each product is likely to go out of stock and recommend the optimal quantity and column allocation to maximize the time between replenishment trips, thereby reducing labor costs.

Optimizing a  group of vending machines - Rather than only focusing on individual vending machines, it can also assess a group of banked vending machines in the same area at the same time, and optimize the products for the entire area as if it were one large vending machine.

By ingesting vast arrays of data and incorporating intricate operational rules as well as physical and business constraints into its algorithm, HIVERY Enhance can instantaneously provide executable recommendations for the optimal product assortment and column configurations for both an individual as well as a group of vending machines. Furthermore, by leveraging weather data, it can respond to changes in seasonal patterns and suggest the optimal time to insert hot and cold products, while taking into account the effects of cannibalization for the product mix at each location, thereby providing the optimal product assortment at any given time.

In March 2018, HIVERY invited JR East Water Business’s Vending Division team to its Sydney headquarters to meet with one of HIVERY's first customers, Coca-Cola Amatil, to exchange ideas and share their experience and best practice for implementing cutting edge technology for their respective vending businesses.

“We believe the combination of the rich human experience of our operators cultivated over many years and the utilization of big data is our greatest strength.  With HIVERY Enhance, we can realise that vision, and we aim to establish a new platform for our vending machine operations that will help us recover from the impact of this year’s pandemic, as well as improve worker productivity which has been an issue for us for many years.” 

~ Yuta Higashino, Manager at JR East Water Business

Moving into category management: the $US900[2] billion opportunity.

HIVERY Enhance is just the beginning. HIVERY has released its new offering - HIVERY Curate  - The world’s first truly hyper-local category management solution, helping companies like Coca-Cola and Walmart transform category management. HIVERY Curate delivers store-level recommendations with sophisticated self-learning AI algorithms that discover buying patterns at each store and make product assortment and space recommendations from this, resulting in a 10X return on investment to date.

HIVERY is a multi-award-winning pioneer of hyper-local retailing, combining Artificial Intelligence (AI), operations research, and human-centered design to help Consumer Packaged Goods (CPG) manufacturers and retailers generate a return on physical space investments. HIVERY is transforming category management and retail trade promotion, with innovative algorithms sourced from Australia's national science agency - CSIRO's Data61. HIVERY is venture-backed and headquartered in Sydney, Australia, with offices in the USA and Japan. HIVERY was founded on the vision that Data Has A Better Idea[TM] - and we’re working together with our clients to uncover its full potential.


Innovation Leaders Summit Tokyo (ILS) 3rd~12th March 2021

HIVERY has been selected by Austrade (The Australian Trade and Investment Commission) and the NSW Government of Australia, as one of 2 promising startups to participate in next year’s Innovation Leaders’ Summit.  Details of the event can be found here: https://ils.tokyo/

JR East Water Business Co media release  

[1] Compared to vending machines not leveraging HIVERY Enhance during the same period.

[2] “Out of Stocks, Out of Luck How Retailers Alienate Customers and Lose Billions Due to Poor Inventory Practices” IHL Group 2018, G. Buzek

Hyperlocal retailing pioneer HIVERY (headquartered in Sydney, Australia) and JR East Water Business (headquartered in Tokyo, Japan), a subsidiary of East Japan Railway Company, have agreed to rollout HIVERY Enhance, an AI driven vending machine optimisation solution, to 6,000 vending machines across East Japan Railway’s train stations.

Australian AI startup HIVERY partners with JR East Water Business to optimise vending machines in Japan

Australian AI startup, HIVERY, partners with JR East Water Business to optimize vending machines in Japan.

Expert food industry analyst and journalist, Phil Lempert, has a candid conversation with HIVERY's CEO, Jason Hosking, on future of retail, category management and AI. Watch this episode of Lost in the Supermarket... watch video

Future of retail, category management and AI (video)

HIVERY is taking data science to the next level by adding an additional layer with prescriptive analysis – what should happen – removing human effort to understand the data, as well as human bias that sways future decision-making....read more

How an Aussie analytics start-up is helping retailers with ROI

On Thursday 15 October, Technical Officer at HIVERY, Andy McQuarrie and co-founder, Matt Robards will be speaking at the Databricks APAC Industry Leadership Forums. Backed by The Coca-Cola Company, CSIRO and Blackbird Ventures, HIVERY is pioneering hyper-local retailing.... read more

HIVERY to present at Databricks APAC Industry Leadership Forum

The 14th World Retail Awards aim to put a spotlight on many examples of innovation, creativity and world-class retailing.

The retail industry is embracing a rapid transformation in the digital age; and we are excited to be shortlisted for the "The Retail Technology Game-Changer" category. This is a strong validation of our hard work over the years.

The category recognises technology companies that are inventing new solutions to re-shape the industry for the better. At HIVERY, we are helping consumer packaged goods (CPGs) companies and retailers prevail in an era of big data, complex merchandising rules, and AI, supporting their shoppers and employees in the process. Ultimately, HIVERY’s AI-driven recommendations are about allocating our planet's resources more optimally.

Last year's winners included METRO GMBH, The Dubai Mall, Afterpay (category winner), and Nike, to name a few. HIVERY is honored to be amongst great brands.

Learn more about the World Retail Congress and the Awards

HIVERY is proud to be shortlisted for the World Retail Awards this year

Aussie AI startup HIVERY has raised $8 million in Series A funding, led by Blackbird, as it makes a grab for a global opportunity helping retailers stock the products consumers really want.

Founded in 2015 and backed by drinks giant Coca Cola, HIVERY uses AI to inform retailers which products should be placed where, and how much they’re likely to shift.

Find out why HIVERY has secured funding for the development of innovative rapid Strategic Category Stimulation informed by AI and deep learning.

Funding For AI Category Management Solutions

Aussie AI startup HIVERY secures $8 million for tech telling retailers what to stock

The data economy is making new demands of Australia’s, and indeed the world’s, business models, with rapid advances and availability of technology redefining markets and reshaping industries.

AI is already helping business owners better understand their customers, supply chains and emerging opportunities. There are numerous companies (large and small) using predictive analytics and machine learning to analyse their data. 

One company that applies AI-powered solutions to help retailers generate a return on retail space investment is HIVERY, a big-data start-up using cutting-edge AI tech to inform product recommendations, price learning, space rationalisation, and promotions.

Founded in 2015 and spun out of CSIRO’s Data61 the same year, HIVERY uses  cloud-based AI-powered solution based on machine learning to gather and convert data findings into easy-to-action measures.

From small experiments with dozens of vending machines in Newcastle Australia, to counting Coca-Cola as a client and exporting five products globally, HIVERY have expertly leveraged the power of AI and machine learning to grow and expand their business.

Retailers need to know which products to stock, how much of that product to stock, and how to price/promote it all in the most cost-effective way in different locations and markets.

“Take Coca-Cola – they have 500 brands and around 3,000 beverage types or SKUs (stock-keeping unit, most often a scannable barcode printed on product labels),” explains HIVERY COO and co-founder, Franki Chamaki. 

“Coke in a can, Coke in plastic bottles and even different variations of Coke: Coke Diet, Coke Cherry and not to mention Coke in 200ML, 250ML, 1.5 Litre, etc. How do you determine what SKU should be placed in a specific outlet? What is the best?

Optimal space is just a derivative of the right assortment and the right price/promotion. In order to have optimal space, you need to work out what optimal SKU/assortment and as well as price/promotion. This is what we solve.”

Self-learning algorithmic models that use AI and machine learning provide the mechanics behind HIVERY’s unique product ranking method, while the operations research element (the application of advanced analytical methods to help make better decisions) determines how much of the recommended product should be supplied. 

This process also simultaneously incorporates the specific requirements and rules distinctive to individual businesses. 

The same methodology can be applied to vending machines. “It takes a vending planner around 45 minutes to optimise one vending machine, and that’s just space, not assortment,” says Chamaki. 

“With HIVERY’s solution, this is done seconds and we are able to optimise for both space and assortment while incorporating merchandising rules all simultaneously in one click of a button. Literally one button.” 

AI can be used in any business and any industry, says Chamaki. “It has the potential to create new competitive advantages provided the goals are well defined.

AI is a general-purpose technology, meaning it can be leveraged by any entity, just like the internet or electricity before.” 

In four years, HIVERY has grown their product suite from one to five, have four international offices (Sydney, Japan, USA, and Mexico), and count The Coca-Cola Company, Walmart, Red Bull, Diageo and TRIAL Co as clients. 

They recently won the Export Council of Australia’s Technology and Innovation Award, Deloitte’s Top 500 Technology Award (2018), Business Chamber’s Excellence Export (2018), and are representing New South Wales in the 57th Australia Export Awards. 

Over the course of the next four years, HIVERY plans to continue scaling their AI and operational research products, with an outlook to generate US$20 million in recurring revenue. 

HIVERY COO Franki Chamaki at Export Awards 2019, where HIVERY won Export Council of Australia’s Technology and Innovation Award

Chamaki credits CSIRO’s Data61 with a critical role in fostering HIVERY, lending specialised knowledge in AI and skills to develop unique intellectual property, acquire talent, and access grants. 

“Our recent product in the trade promotion space was actually co-developed with Data61’s research assistance. Here, we needed to demonstrate to our client that we could generate a more profitable promotional schedule, observing a number of constraints. 

A Data61 researcher worked with us in developing a unique prediction model to produce an optimised promotional schedule. The promotional schedule generated results that are 40 percent better than the current business method,” explains Chamaki. 

“Given over 80 percent revenue of most consumer-packaged foods revenue comes for trade channels like supermarkets, any improvement can generate significant commercial benefits and competitive advantages.” 

AI, ML and data science revolutionising industry

According to Chamaki, AI technology has the ability to reshape and optimise not just Australia’s retail industry, but industry in general. “It’s a general-purpose technology, hence it will impact all and every aspect of personal life, society and industry just as electricity or the internet did.” 

Find out where HIVERY is exporting innovative AI Planograms Software and how it can help your retail chain.

Exports Of Our AI Retail and CPG Software

HIVERY utilises cutting edge artificial intelligence (AI) technology to provide key product insights to retailers, including stock recommendations, price learning, space optimisation and more.From small experiments with dozens of vending machines in Newcastle Australia in 2014, to counting Coca-Cola as a client and exporting five products globally, HIVERY have expertly leveraged the power of AI and machine learning to grow and expand their business... Read more

Learn about our cutting edge AI Category Management software and how it can help you generate exceptional Trade Promotion Calendars.

Cutting Edge AI Category Management, Trade Promotion Software

Retail’s changing dynamics demand planning for the required retail selling space, not the available space. New applications deliver constant assortment editing for new products and near-real-time updates. Retail CIOs can use this research to understand current trends and identify vendors.  HIVERY Curate mentioned in the analysis. Access report (account access required)

HIVERY Curate mentioned on Gartner's Market Guide for Advanced Retail Space Management Applications

Artificial intelligence (AI) gives companies and organizations the ability to make use of vast amounts of data to improve operational efficiencies and drive top line growth. Given the capital intensive and detail intensive nature of vending, it stands to reason that AI brings an invaluable tool to the table.

While AI is finding application in a wide range of industries, Australia based HIVERY has recognized the benefits AI can bring to vending and developed a vending focused package called Vending Analytics. For the second year in a row, the NAMA show at the Las Vegas Convention Center featured a presentation on how the HIVERY AI tool has made vending operations more efficient and improved profitability. Read More.

Operators Explain How AI Boosts Efficiencies And Improves Profits At NAMA Show

The Export Awards celebrate NSW business excellence in international trade and recognise exporters’ contribution to the NSW economy.  HIVERY digital technologies finalist. Read more.

ECA announces 2018 Premier's NSW Export Awards finalists

Last week’s fanfare over the arrival of the Keurig Kold soda-dispensing machine glossed over a far more interesting story that’s been bubbling for some time: Coca-Cola Company is investing in businesses like Keurig Green Mountain to bring radical innovations to Coke’s distribution and marketing processes.  Read more.

How Coca-Cola Uses Entrepreneurs (And Keurig) To Jump-Start Innovation