Dr. Davit Sahakyan Email and Phone Number
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Dr. Davit Sahakyan is a distinguished figure in the fields of economics, technology, and academia. He served as the Deputy Minister of High-Tech Industry for the Republic of Armenia from 2021 to beginning of 2024. He is an esteemed leader and an accomplished professional with over 25 years of multifaceted experience in the business landscape. His expertise spans various domains, including Business Strategy, Operations Management, Financial Management, Innovation Development, Data Science & Mathematical Modeling, Product & Project Management, and Business Process Management (BPM).His career journey includes pivotal roles at esteemed institutions such as Converse Bank, Inecobank, VTB-Armenia, Haypost, and TeamViewer. Additionally, he has successfully managed his consulting services firm, focusing on BPM, Business Strategy, and Financial Modeling. Dr. Sahakyan has significantly contributed to the development of startups, leveraging his insights and expertise for over a decade.Davit Sahakyan served as a Lecturer at Yerevan State University from 1994 to 2005, advancing to the role of Associate Professor at the Russian-Armenian University's Institute of Economics and Business from 2003 to 2023, where he also led Master Programs and spearheaded academic excellence from 2008 to 2023 and led the Chair of Mathematical Modeling and IT in Business from 2020 to 2021.Currently he teaches at French University of Armenia and provides advisory services to the startups in operations management, business development, financial modeling, and fundraising.He holds a PhD in Mathematics from the National Academy of Sciences of the Republic of Armenia and has pursued advanced studies at the Katz Business School of the University of Pittsburgh. Furthermore, he participated in the "Leadership for the 21st Century" executive education program at Harvard University's Kennedy School of Governance.
Innovent
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Founder And CeoInnovent Jun 2024 - PresentYerevan, ArmeniaIncubation and Acceleration Programs,Startup Advisory Services (Business Development, Operations, Financial Modeling and Fundraising),IT Solutions Development
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LecturerFrench University Of Armenia Feb 2024 - PresentYerevan, ArmeniaEntrepreneurshipBusiness DevelopmentBusiness Process Management -
Chairman Of The BoardՀայփոստ Փբը | Haypost Cjsc Official Aug 2021 - Jan 2024Yerevan, Armenia -
Deputy MinisterMinistry Of High Tech Industry Of The Republic Of Armenia May 2021 - Jan 2024Yerevan, Armenia- High-Tech Sector (incl. IT, Biotech, Quantum, etc.) Development- Startup Ecosystem Development Programs Implementation- Capacity Building Programs Implementation- Domestic Exhibitions Organization- International Exhibitions Participation- Postal Sector Development -
Head Of Master ProgramsRussian-Armenian University Sep 2008 - Jul 2023Yerevan, ArmeniaEstablished following master programs:- “Business Engineering” (2020-2023)- “Data Analysis in Business” (2016-2021),- “Business Economics” (from 2018-2021),- “Information Technologies in Economy” (2008 – 2018), - “Financial Engineering” (2014 – 2016).Developed education programs, hired professors, organized the education process and research activities.Implemented Salesforce, Tableau, Shopify, Hubspot, Minit, Qlikview and other solutions in education process. -
Associate-ProfessorRussian-Armenian University Feb 2003 - Jul 2023Yerevan, ArmeniaTeaching following courses: - Startup Engineering and Business Engineering in Bachelor program,- Financial Mathematics in Bachelor program, - Business-Process Management and Process Mining in Master programs, - Data Analytics and Data Visualization in Master programs,- Business Organization in Master Program- Business-Process Management in MBA program,
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Head Of Mathematical Methods And Information Technologies In Economics And Business DepartmentRussian-Armenian University Jul 2020 - Apr 2021Yerevan, Armenia
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Head Of Financial And Economics DepartmentNeutron R&P Corp May 2020 - Apr 2021Yerevan, ArmeniaBusiness plans developmentCost accountingProduction planningBudget planning and Cash forecasting
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Executive Director Of Business Incubator Of UniversityRussian-Armenian University Jul 2011 - Dec 2019Yerevan, ArmeniaEstablished and managed Business Incubator, coordinated Business Incubator activates, Developed startup ecosystem in university (education programs, acceleration program, incubation program, startup events, relationships with investors, etc.),Organized events:- Handmade products exhibitions for students.- “Smart Solutions for Smart Countries” start-up events.- Career days.- Various trainings and seminars.
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Head Of Epg AnalyticsTeamviewer Feb 2017 - Aug 2019Yerevan, ArmeniaLeading TeamViewer Emerging Product Group products (Monitis, ITBrain, Blizz, TeamViewer IoT) analytics activities. Established department. Hired and trained the staff.Data Ware House development, BI Analytics tools (Tableau) implementation. Business reporting and analytic system development.Customer behavior prediction (churn prediction), customer segmentation and analysis, product analysis, product usage analysis, pricing plan analysis. Sales process improvement by implementing products associations rules.Machine Data Analysis. Telemetric data analysis, Analytics in the product, Internet of Things data analytics, machine performance prediction, predictive maintenance, Dynamic threshold and anomaly detection algorithms development.Data monetization. New and innovative products and services development based on data analytics. -
Chief Data Scientist, Head Of Analytics DepartmentMonitis Feb 2016 - Aug 2019Yerevan, ArmeniaEstablished department, hired staff.Conducted and lead the following projects:- Internet of Things analytics.- New product bundles and tariff plans analysis and optimization.- Products and services recommendation system development.- Customer behavior analysis and prediction (including churn prediction).- Customer social networks data analysis and preferences revelation.- Predictive maintenance methodology development.- Internal reporting system development and optimization.- Data monetization. New products development based on data analysis.
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Advisory Board MemberMer Soft Llc Jun 2014 - Dec 2018Yerevan, ArmeniaManagement ConsultancyBusiness DevelopmentStrategic Plan DevelopmentBusiness Process ManagementBusiness Analytics Tasks Supervision -
Ceo And FounderDav Solutions Llc May 2015 - Jun 2016Yerevan, ArmeniaStartups development.Established training center, organized and conducted trainings (business process design and improvements, strategic planning, business model development, etc.).Provided consulting services: - business process description, optimization and improvement,- strategic planning,- business models development,- data analysis (market basket analysis, customer behavior prediction, etc.),- sales department organization (sales process description, CRM and data mining system implementation, sales planning, hiring and training of sales personal, sales staff motivation system development),- IT consulting and software implementation. -
Head Of Product Development DepartmentConverse Bank Mar 2014 - Feb 2016Yerevan, ArmeniaDeveloped and implemented the regulation of Product Management (product design, sales, monitoring, etc.).Designed and improved more than 20 banking products (loans, mobile banking, payment cards, deposits, etc.). Developed bank’s analytic system: - Developed data architecture,- Implemented Qlikview software, - Developed reporting system, - Implemented mathematical models and algorithms (market basket analysis, sequential analysis, churn management, customer behavior analysis, etc.).Analyzed bank’s queue management system data and presented improvement recommendations. -
Head Of The Postbank Services DepartmentConverse Bank Oct 2012 - Aug 2014Yerevan, ArmeniaDeveloped and implemented Postbank project: - developed concept paper (business and financial models) for submission to the Central Bank of Armenia, - designed Postbank products (payment cards, deposits, loans),- developed Postbank software technical requirements,- defined Postbank branches requirements,- developed Postbank branches documents’ templates for submission to the Central Bank of Armenia, - analyzed Haypost branches network, prepared the list of potential Postbank branches.
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Director Of Business DevelopmentKey Solutions Llc Apr 2009 - Dec 2013Yerevan, ArmeniaEstablished training center, organized and conducted over 20 trainings (business process design and improvements, strategic planning, business model development, etc.).Provided consulting services for governmental organizations, financial institutions, retail businesses, start-ups, etc.:- business process management, - strategic planning, - business models development, - data analysis (market basket analysis, customer behavior, etc.), - sales department organization (sales process description, CRM and data mining system implementation, sales planning, hiring and training of sales personal, sales staff motivation system development),Organized “Startup House” start-up promotion events and competitions.Managed “Student Internship and Employment Project” (USAID grant project).
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Deputy Director, Director Of Postal Financial ServicesHaypost Jul 2008 - Jun 2011Yerevan, ArmeniaDeveloped and managed Postal Financial Services Business Unit:- reorganized the business unit,- hired new staff (25 employees),- developed new strategy,- documented business unit’s procedures and activities and implemented in all levels of the company,- developed ICT infrastructure for postal-financial services,- established Management Information System.Improved existing postal-financial services:- money transfer systems: Contact, Coinstar and STEFI, - pension distribution, - utility payment collection: telephone, gas, water and electricity,- taxes and fees collection, etc.Developed and implemented new services:- money transfer systems: Blizko, Migom, EuroGiro and Western Union; - internet, IP telephone, mobile phones and garbage fees collection, - salary distribution and other payments,Developed and implemented:- Post financial services costing methodology (activity-based costing),- planning and reporting system, data analysis system for business unit,- quality control system (6 sigma),- process improvement continuous methodology (lean production),- cash flow prediction models and cash distribution decision making system for all post offices. -
Adviser To The Trust ManagerHaypost Trust Management B.V. (Armenian Branch) Jan 2007 - Jun 2008Yerevan, ArmeniaReorganized financial and accounting departments: - evaluated existing staff, - revised accounting policy, documented strategic planning and budget planning processes, defined functions,- developed and implemented the postal services cost accounting methodology (activity-based costing and scenario analysis models).Developed ICT infrastructure, Management Information System based on Microsoft Dynamics NAV and CRM, Data Warehouse and Business Intelligence Systems.Developed costing model (including simulation model) and reporting system for Public Services Prices Regulation Commission.Prepared the Postbank business plan and submitted to the Central Bank of Armenia. Developed branches network management model (post office franchising).
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Visiting ProfessorUniversity Of Pittsburgh Katz Graduate School Of Business Jan 2008 - May 2008Pittsburgh, UsaAudited 12 courses and analyzed education programs, Studied business school management concepts. -
Head Of Planning And Analysis DepartmentInecobank Apr 2005 - Dec 2006Yerevan, ArmeniaReorganized the department, defined new functions, documented bank strategic planning and budgeting processes. Developed strategic plan, created annual and quarterly budgets, executed bank performance monitoring and analyzing, performed bank branches’ budget planning, monitoring, controlling and analyzing activities.Developed and implemented models (mathematical and spreadsheets) for bank resources management, budgeting, risk management (6 sigma), banking services cost accounting (activity-based costing), branches rating and motivation. -
Director Of Business Development, Director Of Business Consulting Unit"Antares" Media Holding Apr 2005 - Dec 2006Yerevan, ArmeniaReorganized the company, developed strategy, improved printing house business processes (lean production), implemented managerial accounting, and developed performance analysis and motivation systems.Managed business consulting unit, established training center, provided consulting services: CRM, strategic planning, business-process reengineering, and lean production.Represented Terrasoft (Terrasoft CRM software, Ukraine) and Business Engineering Group (BEG-Master process description software, Russia) companies in Armenia. -
LecturerYerevan State University Sep 1994 - Jul 2005Yerevan, ArmeniaTaught courses: - Financial mathematics, - Mathematical modeling,- Numerical methods. -
Head Of Development And Planning DepartmentVtb Bank (Armenia) Apr 2000 - Apr 2005Yerevan, ArmeniaReorganized the department, defined new functions, documented bank strategic planning and budgeting processes, designed data warehouse and analytic system. Developed strategic plan, created annual and quarterly budgets, executed bank performance monitoring and analyzing, performed bank branches (100 branches) budgets planning, monitoring, controlling and analyzing activities.Developed and implemented branches rating (multidimensional system for performance estimation) and motivation (bonus calculation and distribution) systems.Developed and implemented models (mathematical and spreadsheets) for financial resources management, budgeting (game model for planning), resources planning (lean production), risk management (6 sigma), banking services cost accounting (activity-based costing). -
ResearcherInternational Monetary Fund (Washington Dc, Usa) Feb 2004 - Mar 2004Washington Dc, UsaAnalyzed existing banks rating, failure prediction and early warning systems models.Developed Multidimensional System for the Banks Performance Analysis and Rating. -
Banking SupervisorCentral Bank Of Armenia Dec 1998 - Jan 2000Yerevan, ArmeniaPrepared and presented to the Board of Central Bank of Armenia quarterly reports of banks liquidity GAP, monthly reports for banks’ CAMELS ratings and analysis and banks’ UBPR reports.Developed mathematical models for the bank risk management (credit risk, market risk and operational risk) and bank performance optimization, banks new rating system, developed Visual Basic codes for banks reporting system, calculated current liquidity and credit risks normative rates.
Dr. Davit Sahakyan Skills
Dr. Davit Sahakyan Education Details
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Leadership -
Business Administration
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Yerevan State UniversityApplied Mathematics -
Yerevan State UniversityApplied Mathematics
Frequently Asked Questions about Dr. Davit Sahakyan
What company does Dr. Davit Sahakyan work for?
Dr. Davit Sahakyan works for Innovent
What is Dr. Davit Sahakyan's role at the current company?
Dr. Davit Sahakyan's current role is Startup Advisor, Expert in Operations Management, Business Development and Financial Modeling.
What is Dr. Davit Sahakyan's email address?
Dr. Davit Sahakyan's email address is da****@****ail.com
What is Dr. Davit Sahakyan's direct phone number?
Dr. Davit Sahakyan's direct phone number is +181342*****
What schools did Dr. Davit Sahakyan attend?
Dr. Davit Sahakyan attended Harvard Kennedy School, University Of Pittsburgh Katz Graduate School Of Business, Yerevan State University, Yerevan State University.
What are some of Dr. Davit Sahakyan's interests?
Dr. Davit Sahakyan has interest in Mathematics, Psychology, Management, Data Analysis, Product Development, Travelling, Business Analysis, Education, Mathematical Modeling, Chess.
What skills is Dr. Davit Sahakyan known for?
Dr. Davit Sahakyan has skills like Strategy, Management Consulting, Business Strategy, Analysis, Management, Risk Management, Strategic Planning, Start Ups, Business Analysis, Leadership, Business Development, Research.
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