LINTHICUM HEIGHTS, Md., June 26, 2024 (GLOBE NEWSWIRE) -- Ernst & Young LLP (EY US) today announced that Prashant Agrawal, Founder and Chief Executive Officer of Impact Analytics was named an Entrepreneur Of The Year^® 2024 Mid-Atlantic Award winner. Entrepreneur Of The Year is the preeminent competitive awards program for entrepreneurs and leaders of high-growth companies.

Agrawal was selected by an independent judging panel made up of previous award winners, leading CEOs and other business leaders. Candidates were evaluated based on their ability to create long-term value through entrepreneurial spirit, commitment to their purpose and the demonstration of growth and substantial impact, among other key indicators.

Impact Analytics has been pioneering and perfecting the use of AI in retail forecasting, planning and operations for nearly a decade. Its tools for planning, forecasting, merchandising and pricing enable retailers to make smart data-based decisions rather than relying on last year’s figures to forecast and plan this year’s business. Agrawal is a former senior consultant at McKinsey and Boston Consulting Group and current Adjunct Professor at Columbia University who teaches about the use of AI in retail.

“I’m honored to have been named EY’s Mid-Atlantic Entrepreneur of the Year,” said Agrawal. “As AI becomes a bigger and more sophisticated tool for all businesses, it’s gratifying to be recognized for bringing vast improvements to retail—a multi-billion dollar industry that relied on historical data to make forward-based decisions for too long.”

As a Mid-Atlantic award winner, Agrawal is now eligible for consideration for the Entrepreneur Of The Year 2024 National Awards. The National Award winners, including the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the Strategic Growth Forum^®, one of the nation’s most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the World Entrepreneur Of The Year^® Award in June 2025.

Entrepreneur Of The Year recognizes many different types of business leaders for their ingenuity, courage and entrepreneurial spirit. The program celebrates original founders who bootstrapped their business from inception or who raised outside capital to grow their company; transformational CEOs who infused innovation into an existing organization to catapult its trajectory; and multigenerational family business leaders who reimagined a legacy business model to fortify it for the future.

The Entrepreneur Of The Year program has recognized the leadership of entrepreneurs such as:

• Daymond John of FUBU
• Hamdi Ulukaya of Chobani, Inc.
• Holly Thaggard and Amanda Baldwin of Supergoop!
• Howard Schultz of Starbucks Coffee Company
• James Park of Fitbit
  
• Jodi Berg of Vitamix
  
• Kendra Scott of Kendra Scott LLC
• Michael Happe of Winnebago Industries
• Reid Hoffman and Jeff Weiner of LinkedIn Corporation
• Sheila Mikhail of AskBio
  

Entrepreneur Of The Year Award winners become lifetime members of a global, multi-industry community of entrepreneurs. They receive exclusive, ongoing access to the experience, insight and wisdom of program alumni and other ecosystem members in more than 60 countries — all supported by vast EY resources.

In addition to Entrepreneur Of The Year, EY US supports other entrepreneurs through the EY Entrepreneurial Winning Women™(Winning Women) program and the EY Entrepreneurs Access Network (EAN) to help connect women founders and Black and Hispanic/Latino entrepreneurs, respectively, with the resources, network and access needed to unlock their full potential.

Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, Cresa, Marsh USA, SAP and the Ewing Marion Kauffman Foundation. In Mid-Atlantic, sponsors also include platinum sponsor, ADP, gold sponsors, Cooley and DLA Piper, and silver sponsor, Kelly Benefits Strategies.

About Entrepreneur Of The Year^®
Founded in 1986, Entrepreneur Of The Year^® has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the US, and it has since expanded to nearly 80 countries and territories globally.

The US program consists of 17 regional programs whose panels of independent judges select the regional award winners every June. Those winners compete for national recognition at the Strategic Growth Forum^® in November where National finalists and award winners are announced. The overall National winner represents the US at the World Entrepreneur Of The Year^® competition. Visit ey.com/us/eoy.

About EY
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

Impact Analytics Media Contact
Berns Communications Group
Danielle Poggi
dpoggi@bcg-pr.com