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History of Prognos

Prognos Inc. was created through the alignment of four talented people, each bringing a unique skill set, to found a company dedicated on solving business problems. Our growth has been based on a commitment to acquiring and nurturing the best mathematical and analytical minds with the goal being to build an unmatched core competency in sophisticated statistical analysis. Today, Prognos is focused specifically in the Consumer Packaged Goods and Retail industries as the facilitators of measurable financial results.

Prior to co-founding Prognos in 2007, one of Sam Iosevich’s greatest contributions to the success of the Intelligent Business Solution group at Accenture was the development of a Store Segmentation solution. That led to various projects around the world which included building a Demand Forecasting solution for one of Europe’s largest TV stations and several CPG and Retail solutions for SAS Institute where he went on to lead their Retail Consulting practice .

As a Research Assistant in the early days of the Internet, Yogesh Kulkarni was intrigued by the opportunities presented when the Internet was made available to the general population of India. Thinking about potential uses such eCommerce, eCatalogs and other applications with user interaction, Yogesh led a group of his graduating class into their first venture in the business world. His passion to build something unique grew into a company of 120 employees. The company built websites for major newspapers, banks, telecoms, and other organizations during a solid run in the late 90’s and earlier this decade. Eventually the company would be merged and Yogesh would pursue other interests including incubating companies to their full potential and a period at SAS Institute. It was at SAS where Yogesh would create the first vertical Retail application the company would take to market.

Georgiy Arutyunyants was part of the Retail consulting team at SAS. After receiving a PhD in Mathematics at the University of Missouri, George realized that rather than joining the academic world as a professor, he was much more interested in solving real world analytical problems. As an Analytical Consultant at SAS, George had the opportunity to work closely with R&D. Today George works with every new consultant at Prognos to train them not only in our unique methodology and products, but also about the business problems they will likely encounter.

As a student of Mathematics, Juee Dadhich opted for a statistical pursuit in graduate school thinking that this discipline was better suited to solving business problems than mathematics. During her studies, Juee was fortunate to have motivated professors present her with real business problems to expedite her development. It was when she was teaching grad school that she responded to a SAS advertisement seeking the ‘best minds’ to implement SAS projects. Juee’ contributed greatly to the success of SAS for 7 years before being asked to take on a management role. However, Juee’ felt that this would limit her direct involvement awith projects and relationships with her clients, which she valued most. Juee is now responsible for managing the off-shore team for Prognos in Pune, India where as she put it…‘I want to continue to work with the smartest people in order to continue to learn and grow’.

It was during their time spent at SAS that Sam and Yogesh realized that they shared the same vision, ideas, and basic principles and thought about building a company together. And they enlisted their most successful colleagues to help.

We all subscribe to a common belief that as soon as analytics are viewed as IT projects is when the projects would ultimately begin to fail. We realized some time ago that projects need to be true to their end goal, and whatever that goal is should be measured financially. Financial benefit will always be the driver of successful projects.