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Richard Schwartz

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President and CEO Pensa Systems

Richard Schwartz is President and CEO of Pensa Systems, a company focused on Vision AI for retail. Richard has repeatedly created and led organizations to innovate and develop software that has made significant market impact globally. He has previously founded and successfully exited four technology venture-backed companies. Richard holds a PhD in Computer Science from UCLA. After completing his PhD, he was senior AI researcher at Stanford Research Institute (SRI International) prior to founding his first company. He has been board member, mentor and investor in a number of companies and high-technology incubators. He holds multiple patents and is the author of numerous publications. He is the co-creator of the Paradox database.

Bio from: Data + AI Summit 2025

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Let’s Elevate: An Open Source Model for Data Sharing and Collaboration in Retail and Consumer Goods

Retailers and suppliers face persistent financial and technical challenges to data sharing — including expensive proprietary platforms, complex data integration hurdles, fragmented governance and more — which currently restrict seamless data exchange primarily to their largest trading partners. In this session, we’ll provide an in-depth explanation of Elevate, an industry alliance focused on building open source standards for data sharing and collaboration to drive greater efficiency across the entire ecosystem. This session will highlight proposed standards for data sharing, data models, business cases on the ROI and potential areas of innovation to democratize data sharing, drastically reduce costs, simplify integration processes and foster transparent, trusted collaboration. Learn about the Elevate industry data-sharing initiative and how your company can participate and help guide standards to improve data sharing with your key partners.