Retail Strategies For the Digital Revolution: https://www.youtube.com/watch?v=2nTHaa3n5dM

Grabango

Grabango is a trailblazer in the era of cashierless shopping. Grabango’s app, which uses advanced computer vision and machine learning algorithms, enables shops to develop frictionless checkout solutions, allowing customers to just grab and leave. Grabango improves the shopping experience, lowers operational costs, and increases efficiency for both businesses and customers by eliminating traditional checkout lines.

Website: https://www.grabango.com/

The Yes

The Yes is transforming online shopping with its tailored platform powered by AI and machine learning. The Yes analyses user preferences, browsing behaviour, and fashion trends to deliver customers with finely curated product recommendations tailored to their own style choices. This personalised strategy improves not only the shopping experience, but also conversion rates and consumer happiness.

Website:https://theyes.com/

Heuritech

With the rise of social media influencers and rapidly changing fashion trends, shops must stay ahead of the curve. Heuritech addresses this issue by analysing social media and runway photographs with AI-powered image recognition technology, thereby identifying upcoming fashion trends in real time. By delivering actionable insights into consumer preferences and market trends, Heuritech enables retailers to make data-driven decisions and enhance product assortments.

Website: https://www.heuritech.com/

Osaro

Osaro specialises in robotic automation solutions for warehouse operations, specifically robotic picking and sorting. Osaro’s program, which combines AI with robotic manipulation technology, allows autonomous robots to detect, grip, and move objects with precision and efficiency. This technology not only accelerates order fulfilment procedures, but it also lowers labour expenses and eliminates errors in warehouse operations.

Website: https://osaro.com/

Faire

Faire’s online marketplace connects merchants to independent companies and artists, revolutionising wholesale shopping. Faire uses data analytics and machine learning algorithms to provide shops with individualised product recommendations, improved pricing, and expedited ordering processes. This allows merchants to find unusual products, improve inventory management, and expand their offerings to better satisfy their consumers’ different preferences.

Website: https://www.faire.com/

Dorabot

Dorabot specializes in last-mile delivery solutions with its network of autonomous delivery robots. Dorabot’s robots are equipped with powerful navigation systems and AI algorithms, allowing them to navigate urban surroundings, avoid obstacles, and carry products to customers’ doorsteps with precision and efficiency. Dorabot minimizes delivery costs, speeds up delivery, and improves the entire customer experience by automating the last mile delivery process.

Website: https://www.dorabot.com/

LinkedIn: https://www.linkedin.com/company/dorabot-inc.

Aifi

Aifi’s self-service, cashierless store solution is transforming the retail business. Aifi’s app, which uses a combination of computer vision, sensor fusion, and deep learning algorithms, allows retailers to establish fully automated stores where customers can purchase and pay without having to wait in line or deal with cashiers. This not only increases operational efficiency, but also improves the in-store shopping experience by reducing wait times and friction at the checkout.

Website: https://aifi.com/

Covariant

Covariant’s AI-powered robotics platform transforms warehouse automation by allowing robots to learn from human demos and adapt to changing settings. Covariant’s program, which combines reinforcement learning with computer vision and robotic manipulation, allows robots to do complicated tasks like picking and packing at unparalleled speeds and accuracy. This technology transforms warehouse operations, enabling firms to boost efficiency, cut costs, and meet the rising needs of e-commerce fulfilment.

Website: https://covariant.ai/

SC

SC specializes in supply chain optimization solutions, assisting retailers and manufacturers with inventory management, procurement, and logistical operations. SC’s software uses AI and machine learning algorithms to optimize inventory levels, prevent stockouts, and minimise supply chain disruptions. This allows firms to improve operational efficiency, lower costs, and increase customer satisfaction by ensuring products are available when and where they are required.

In conclusion, technological breakthroughs and innovative apps are driving a significant upheaval in the retail and warehousing industries. These apps, ranging from cashierless checkout solutions to autonomous warehouse robotics, are transforming how businesses operate, manage inventory, and deliver products to customers. As the digital revolution unfolds, businesses must embrace these innovative technologies in order to remain competitive, increase productivity, and satisfy the changing expectations of today’s consumers. Retailers and warehouse firms can use AI, machine learning, and robots to uncover new growth prospects, increase operational agility, and create excellent customer experiences in an increasingly digital environment.

The post The Digital Revolution in Retail and Warehousing: Unlocking Efficiency with 9 Innovative Apps first appeared on AITechTrend.

This purpose-built GrubMarket AI integration leverages the power of generative AI to provide both buyers and sellers on WholesaleWare immediate access to wholesale market pricing data for thousands of products. Directly integrated into the WholesaleWare user experience, GrubMarket AI will surface relevant pricing data for the same and similar products, so that sellers can gain insights into fair market pricing while entering sales orders. This can be particularly helpful to businesses selling new or specialized products, where there are limited reference points available, but pricing decisions need to be made quickly.

On the purchasing side, the AI will surface relevant market data for both FOB and delivered costs, so that buyers can more effectively negotiate with vendors while placing purchase orders. This helps buyers ensure that they do not overpay for inventory. The application of this sophisticated tool enhances the broader functionality of WholesaleWare while helping WholesaleWare users make more accurate pricing and costing decisions more quickly with relevant market insights presented where they need it, when they need it. Negotiations on both the buying and selling sides are streamlined, forging deeper trust and stronger relationships with both customers and vendors.

“The latest release of our GrubMarket AI integration with WholesaleWare is an exciting evolution of our rapidly expanding AI product suite. As the first mover in offering enterprise AI technology to the food supply chain industry, our vision is to make revolutionary AI technologies widely available to the food supply chain industry. We started last year with the launch of our groundbreaking Farm-GPT product for growers, and now we will arm both fresh food buyers and sellers with wholesale pricing insights that will save them enormous amounts of time and money in their operations. This is a game-changing application of AI for this industry; wholesalers and distributors finally have the power to access vast amounts of market data at their fingertips,” said Mike Xu, CEO of GrubMarket.

The GrubMarket AI integration with WholesaleWare solidifies GrubMarket’s position as one of the food industry’s most influential digital transformers and technology enablers. Going forward, GrubMarket will continue to expand its transformative AI product suite with powerful analytics tools, as it builds out the most comprehensive AI solution for the food supply chain industry.

Access to the GrubMarket AI integration is available to both existing and new WholesaleWare customers. For more information or to sign up, please visit https://erp.wholesaleware.com/#/. 

About GrubMarket

Founded in 2014, CA-based GrubMarket is a technology enabler and digital transformer of the American food supply chain industry, as well as one of the largest private food tech companies in the U.S. As a first mover in the tech-enabled B2B food eCommerce space and a pioneer offering cutting-edge software-as-a-service solutions, GrubMarket uses technology to fundamentally transform the American and global food supply chain. GrubMarket operates in all 50 U.S. States and has a global presence in Argentina, Canada, Chile, Colombia, Egypt, India, Mexico, South Africa, and Spain, with plans to expand further across the U.S., Canada, South America, Europe, Africa, and other parts of the world.

For Media Inquiries:
GrubMarket Media Team
media@grubmarket.com
(415) 986-0523

GrubMarket
1925 Jerrold Ave.
San Francisco, CA. 94124

SOURCE GrubMarket

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“we’re particularly interested in exploring the potential of Foundational Models to take over more application logic. The goal is to shift from content generation to completing complex tasks, enabling more intelligent applications that can react to users’ needs in real-time.”Post this

Economic Impact and Growth Potential
According to McKinsey, the potential economic impact of Generative AI is staggering, with annual estimates ranging from $2.6 to $4.4 trillion globally. In the retail and consumer packaged goods sector alone, anticipated growth is projected to reach $400-660 billion. This growth will largely be driven by efficient content creation, optimized data use, enhanced product discovery, AI-infused search functionalities, and greater personalized shopping experiences.

Generative Shopping Experiences
Algolia is announcing a new suite of Generative Shopping Experiences products. With Generative Shopping Experiences, retailers will have the unprecedented ability to reimagine their search and discovery experiences and to create entirely unique and captivating revenue-generating interactions.

Algolia’s Chief Product Officer, Bharat Guruprakash, noted that the first place Generative AI will be used is in the search bar. “Shoppers are becoming more expressive when telling the search bar what they want. Generative AI in search uses Large Language Models and can understand what customers are asking for and then match items inside the product catalog much more accurately. However, to more fully enable e-commerce companies, we are packaging these capabilities into Generative Shopping Experiences to enrich and personalize a shopper’s journey.”

Generative Shopping Experiences provides a dynamic platform upon which retailers can experiment and seamlessly deploy new Generative AI use cases. Moreover, armed with a comprehensive array of APIs, user experience (UX) libraries, and merchandising tools, retailers can navigate the evolving landscape of e-commerce with confidence and creativity. Algolia’s Generative Shopping Experiences promises to be a game-changer, which sets a new standard for personalized and immersive online shopping experiences, will initially include the following five solutions:

• Product Comparisons: Generative product comparisons that summarize and present the differences between different products enabling the shopper to more quickly and easily choose the one most suitable to satisfy their needs.
• Product Reviews: Enhanced and personalized product review experiences shared by owners or users of the product, who provide their opinions on the pros and cons of a specific product.
• Buyers Guides: AI-powered personalized guidance for a seamless shopping experience.
• Query Refinement: Proactive and respectful AI chat agents to assist throughout the shopping journey and narrow down the choices.
• Conversational Interface: A shopper-friendly, conversational agent that uses the breadth of Generative AI to provide a rich and engaging chat experience.

Shaping the Future of Generative AI
Bharat Guruprakash acknowledges that the Generative AI transformation is in its early stages, anticipating continued and rapid development, “we’re particularly interested in exploring the potential of Foundational Models to take over more application logic. The goal is to shift from content generation to completing complex tasks, enabling more intelligent applications that can react to users’ needs in real-time.”

Driving Efficiencies and Enhancing Experiences
The core challenge for every e-commerce business remains the same: increase product selection, decrease costs, and improve conversions. The introduction of Generative AI presents a transformative opportunity to achieve more with less. Algolia’s Generative AI principles serve as the guiding force behind its product development, ensuring a strategic and customer-focused approach to addressing the evolving landscape of e-commerce:

• Generational Technology: Algolia believes that Generative AI is a generational technology, akin to the transformative impact of mobile and the cloud. Rapid and uneven change calls for a long-term approach.
• UX and AI working harmony: Algolia will emphasize the importance of a user-centric approach, asserting that successful AI deployment requires seamless integration with the shopper’s user experience (UX) – ensuring a harmonious relationship between the UX and AI.
• Ensemble of Models: Algolia advocates for the use of multiple AI models in an ensemble, providing superior results and greater flexibility.
• Continuous Experimentation: Acknowledging the uncharted territory of Generative AI capabilities, Algolia expects there will be continuous experimentation to discover the full extent of possibilities.
• Dynamic Applications: As reasoning capabilities and performance improve, Algolia envisions more dynamic applications that can adapt to shoppers’ needs in real-time.

Commitment to Innovation
Algolia’s commitment to advancing Generative AI for Shopping Experiences is a testament to its dedication to innovation, customer satisfaction, and helping businesses thrive in the ever-evolving digital landscape. To learn more, visit algolia.com.

To participate in a private beta program for Conversational AI Co-Creation, please submit your application here.

Algolia is at NRF 2024: Retail’s Big Show – Booth #4146. Additionally, join Bernadette Nixon (Algolia CEO), Josh Platt (Rue Gilt Groupe, SVP, Product and User Experience), and Michael Klein (Klein4Retail) for a keynote (in the River Pavilion, goTRG stage), in which they discuss how artificial intelligence will actually humanize the digital experience and enable more immersive shopping journeys than ever before.

About Algolia
Algolia is the world’s only end-to-end AI search and discovery platform. Our engineers invented a breakthrough use of AI to create exponentially better search & discovery. Algolia’s proprietary NeuralSearch tech combines vector-based natural language processing & keyword matching in a single API. Algolia powers 1.75 trillion search requests a year or more than 30 billion a week enabling more than 17,000 customers in 150+ countries to build blazing-fast and relevant search and discovery experiences for their in-app users and/or online visitors using any web, mobile or voice device – by surfacing the desired content instantly and at scale. www.algolia.com.

Contacts

Media
Audrey Surette
PAN Communications for Algolia
algolia@pancomm.com

https://www.businesswire.com/news/home/20240112737388/en/Revolutionizing-Retail-Algolia-Unveils-Groundbreaking-Generative-AI-for-Shopping-Experiences

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TEL AVIV, Israel, Jan. 11, 2024 /PRNewswire/ — Syte, the leading Visual AI Platform for retail, today announced the launch of its AI Styling and Product Description Generator solutions, leveraging its existing proprietary visual AI engine with new generative AI capabilities to improve on-site product discovery while streamlining backend merchandising operations. The launch follows the recent inauguration of Syte Labs, a new division within the company dedicated to innovations that complement Syte’s core visual AI technology and benefit its customers and partners as well as the broader retail industry.

Following the rise to prominence of generative AI, McKinsey predicted that the retail and consumer packaged goods industry is expected to see some of the greatest potential impact as a percentage of revenues from this new technology, reaching up to $660 billion annually. However, harnessing generative AI in a practical, effective way still feels out of reach for many brands and retailers. Syte’s new solutions are designed to bridge the gap between the endless possibilities presented by this innovative technology, and practical applications that move the needle for retail performance.

“Syte has innovation in our DNA, but we are equally focused on improving business performance for our customers,” said Syte CEO Vered Levy Ron. “When we began integrating generative AI into our visual AI capabilities, we made a concerted effort to focus on easy-to-implement, high-impact solutions, rather than flashy or novel AI applications. I’m proud to announce the launch of Syte’s AI Styling and Product Description Generator solutions because they are uniquely designed to serve the needs of brands and retailers, who in the current economic climate, need to prioritize efficiency without compromising on quality.”

The Product Description Generator combines visual and generative AI, scanning catalogue product images to generate AI product tags based on visual attributes, and using those tags to auto-generate product titles and descriptions instantly. The titles and descriptions can be regenerated to align with a variety of brand voice options, or manually edited for complete control. Auto-generating descriptions saves merchandising teams significant labor, while improving product discoverability and SEO with the help of the detailed descriptions included in the text. It also standardizes product catalogues, which is particularly critical for marketplaces that include multiple brands or sellers. This solution is already live for Syte customers, saving them countless merchandising hours and resources.

Syte’s AI Styling solution uses a combination of generative and visual AI to automatically produce styling suggestions for any given product on a brand or retailer’s website, promoting cross-selling across diverse product catalogues and audiences. The styling recommendations keep up to date with changing stock and seasonality, align with brand aesthetic, and provide a tailored, custom experience. AI Styling is expected to be live with several Syte customers early in Q2.

“We are thrilled to be leading the charge in practical AI for retail, expanding our offering to cater to our customers’ needs, and setting the standard for practical innovations in our industry,” said Levy Ron. 

For more information about Syte’s visual AI technology, please visit https://www.syte.ai/. 

About Syte:

Syte empowers shoppers to instantly find items they’ll love with inspiring, visual product discovery journeys that drive conversion. As the world’s first Visual AI Platform for retail, Syte creates intuitive search and discovery experiences for all types of shoppers while streamlining retail operations. Syte’s solutions include visual search, out-of-stock, shop similar, and shop the look recommendations, as well as smart merchandising tools, like automated product tagging, thematic curation, and more. Brands and retailers like Farfetch, Prada, Chico’s, Coleman Furniture, and Hibbett, partner with Syte to boost revenue and drive business growth. To learn more about Syte’s solutions, products, technology, and patents, visit www.syte.ai.

Media Contact:
Michelle Bitran,
Head of Marketing at Syte
michelle.b@syte-vc.com
+972546892171

Photo – https://mma.prnewswire.com/media/2315812/Syte_AI_1.jpg
Photo – https://mma.prnewswire.com/media/2315811/Syte_AI_2.jpg

https://www.prnewswire.com/news-releases/syte-pioneers-generative-ai-powered-styling-and-merchandising-solutions-for-retailers-302032477.html

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TORONTO–(BUSINESS WIRE)–Pivotree Inc. (TSXV: PVT) (“Pivotree” or the “Company”), a leading provider of frictionless commerce solutions and services, today announced that it will be unveiling its latest solutions at NRF 2024, Retail’s Big Show in New York, January 14-16, Booth #4047. Retailers can pre-book a meeting today with key executives at Pivotree to learn more about Pivotree’s latest products, and how to better address the frictionless commerce expectations of your customers.

“This new reality requires brands and retailers to adapt rapidly and keep brand promises intact through frictionless customer experience across every channel and full-spectrum digital transformation.”Post this

“Adapting to inflation and supply chain uncertainty, the retail world has endured numerous global challenges. In addition, a digital-savvy Gen Z consumer base has established itself as an influential gamechanger with expectations for flawless delivery and impeccable experience,” said Bill Di Nardo, CEO at Pivotree. “This new reality requires brands and retailers to adapt rapidly and keep brand promises intact through frictionless customer experience across every channel and full-spectrum digital transformation.”

Pivotree SKU Build has been created to deliver fully enriched and curated SKUs. The product data service is designed by taxonomists and powered by AI and ML to get products to market 60% faster and 75% cheaper than traditional manual methods. Pivotree is currently offering a complimentary data assessment to give retailers a better picture of their product data quality and the next steps businesses can take to resolve data gaps and address inconsistencies.

Pivotree Control Tower is a dynamic SaaS-based solution designed to help retailers gain control over commerce complexity. According to Retail Systems Research 51% of retailers are looking for real time views and insights into their operation. Control Tower addresses that market need. The newest feature is the BOPIS (buy online pick up in store) dashboard, offering unique operational insights that can optimize staffing and hours for peak performance across the organization and at every store.

Pivotree WMS (Warehouse Management System) addresses the importance of integrated solutions for complete transparency and control of omnichannel fulfillment. With agility at the forefront, and access to an ecosystem of innovation partners and microservices, Pivotree WMS can increase operational efficiency, reduce cost, and respond to demand with future ready, frictionless fulfillment.

“We’re very excited about Pivotree’s product lineup this year at NRF’24 and eager to have them showcase their solutions and services in our booth. If you want to see our partnership in action and how we’re helping retailers, visit the Fluent Commerce booth #6245 on Tuesday January 16, 2024 at 11am for a live demo,” said Chad Hooker, SVP, Global Channel & Alliances Fluent Commerce.

Retailers can also register for a free expo pass from NRF and visit Pivotree at Booth # 4047

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Pivotree

Pivotree, a leader in frictionless commerce, strategizes, designs, builds, and manages digital Commerce, Data Management, and Supply Chain solutions for over 200 major retailers and branded manufacturers globally. With a portfolio of digital products as well as managed and professional services, Pivotree provides businesses of all sizes with true end-to-end solutions. Headquartered in Toronto, Canada, with offices and customers in the Americas, EMEA, and APAC, Pivotree is widely recognized as a high-growth company and industry leader. For more information, visit www.pivotree.com or follow us on LinkedIn.

About Fluent Commerce

Fluent Commerce is a global software company focused on inventory availability data management at scale and distributed order management (DOM) for commerce. Both B2C and B2B organizations rely on their cloud native, highly flexible and fully scalable solutions to transform fulfillment complexity into a competitive advantage. Fluent Order Management provides accurate, real-time inventory availability across all locations, order orchestration, fulfillment optimization, fulfillment location management, in-store pick and pack, customer service, and reporting. This enables retailers, brands, and B2B organizations to ensure they never oversell or undersell and to deliver their orders profitably every time.

Fluent Commerce works with organizations such as JD Sports, L’Oréal, Prada Group, Aldo, LVMH, Dulux and Kingfisher. For more information visit fluentcommerce.com

Contacts

For further information, please contact:

Sarah Kirk-Douglas, Vice President of Marketing, Pivotree
sarah.kirk-douglas@pivotree.com
905-251-6502

https://www.businesswire.com/news/home/20240111347844/en/Pivotree-Introduces-Innovative-Products-Powered-by-AI-to-Empower-Frictionless-Commerce-at-NRF-2024

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“With AWS at the core of our AI-driven solutions and technology infrastructure, BrainBox AI is honored to join the APN”Post this

“With AWS at the core of our AI-driven solutions and technology infrastructure, BrainBox AI is honored to join the APN,” said Jean-Simon Venne, Co-founder and Chief Technology Officer at BrainBox AI. “Many years ago, we decided to build and host our solution on the AWS Cloud because it offers the scalability and flexibility that is necessary to handle our vast and rapidly growing data volumes, seamlessly integrating with building systems worldwide. Our path to joining this elite network required us to meet AWS’s rigorous security, reliability, and operational standards. Doing so has been both a privilege and a testament to our commitment to product and customer excellence as we continue to deliver on our mission to help save the planet with AI.”

The company’s AI solution leverages internal and external data, proprietary algorithms, and artificial intelligence to completely change how HVAC systems operate in buildings. Powered by AI, it maps the numerous zones of a commercial building, learns, and quickly acts on that data to predict future states, and modulate pieces of equipment autonomously. For example, by predicting the temperature in a retail store based on historical data and external datasets, like weather, BrainBox AI can decrease energy costs by up to 25%, reduce the carbon emissions by up to 40%, and improve customers’ comfort by up to 60%. It transforms an HVAC system from one that solely reacts to thermostat readings with no information relating to weather or the energy grid, to one that considers the building’s external environment to make much smarter decisions.

BrainBox AI also recently announced its collaboration with AWS and Amazon Bedrock for the development of its Generative AI solution, set to be released in the coming weeks. BrainBox AI will bring a new GenAI-powered innovation geared toward facility and building managers that will catapult its platform capabilities to an industry-defining level. The new product will take on the role of an intuitive and autonomous building operations co-pilot to further facilitate the work and decision-making processes of building operators and facilities managers.

As an APN member, BrainBox AI joins an extensive, global network of partners from more than 150 countries working with AWS to provide innovative solutions, solve technical challenges, win deals, and deliver value to mutual customers.

NRF 2024: The Retail Expo; January 14 – 16

Representatives from BrainBox AI’s executive team will be on site at the National Retail Federation’s Retail’s Big Show Conference & Expo in New York City. Conference attendees with inquiries concerning this news release are encouraged to visit BrainBox AI’s booths, located in the AWS Partner Pavilion #6020 or Booth #8045 in the Innovation Zone of the Riverside Pavilion, at the Jacob K. Javits Convention Center.

About BrainBox AI

Founded in 2017, BrainBox AI was created to address two critical issues currently facing the built environment: carbon emissions and energy consumption. As innovators in the decarbonization movement, BrainBox AI’s game-changing HVAC technology leverages AI to make buildings smarter, greener, and more efficient. Through strategic global relationships, BrainBox AI elevates real estate clients across various sectors from office buildings and hotels to commercial retail, grocery stores, airports, and more.

Headquartered in Montreal, Canada, a global AI hub, our workforce of over 170 employees, bring with them talent from all sectors with the common thread of being in business to heal our planet. BrainBox AI works in collaboration with research partners including MILA – Quebec AI Institute, the Institute for Data Valorization (IVADO), as well as education institutions including McGill University. For more information: https://brainboxai.com

Contacts

Rebecca Handfield
Vice-President, Marketing & Public Relations
r.handfield@brainboxai.com

https://www.businesswire.com/news/home/20240110910322/en/BrainBox-AI-Joins-the-AWS-Partner-Network-to-Bring-its-AI-driven-Emissions-Reduction-Technology-to-AWS-Real-Estate-Retail-Customers

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January 11, 2024 11:02 AM Eastern Standard Time

PALO ALTO, Calif.–(BUSINESS WIRE)–SymphonyAI, a leader in predictive and generative enterprise AI SaaS applications, delivered rapid growth in its retail CPG vertical in 2023. Annual recurring revenue in the retail CPG vertical surged more than 30% in 2023, significantly bolstered by acquiring key retail and CPG customers such as Marks and Spencer, Save Mart, Coca-Cola Europacific Partners, Calsun, Save-A-Lot, and Southern Co-op and Scotmid. The growth also reflects deepening strategic muti-year relationships major industry leaders including Metro Digital GmbH, Rimi Baltic, Intermarché, and REMA 1000.

“Serving our largest vertical, the SymphonyAI retail CPG team’s success in 2023 was key to the impressive momentum across SymphonyAI as a whole, and we all remain energized and focused on even greater growth and success ahead”Post this

This growth is primarily attributed to innovative AI-driven products and advanced AI models in retail and CPG. Among the standout offerings of 2023, which will be showcased at NRF 2024 from Jan. 14-16 in booth #1441 at the Jacob K. Javits Convention Center in New York City, are:

• CINDE Gen AI platform, providing customer-centric, supply chain-centric, and shelf-centric insights for retailers and CPG companies.
• The SymphonyAI Category Manager Copilot, using tuned, relevant generative AI to enrich and speed high-impact decision making.
• Innovation in generative AI for the supply chain with a Demand Planner copilot featuring Demand Forecast AI.
• Advanced Store and Shelf Intelligence solutions tailored for retailers and CPG.
• Revolutionary Assortment and Space GenAI products, optimizing assortment and enhancing space management.

Retailers and CPGs attending the NRF event can request a private meeting and demo with SymphonyAI experts.

SymphonyAI Retail CPG President Manish Choudhary said, “2023 marked a year of extraordinary growth and global expansion for our team. We’re now proudly serving hundreds of the leading global retailers and CPGs and have introduced cutting-edge predictive and generative AI copilots. Our innovative approach has attracted 20 of the top global 30 retailers as clients, a testament to our leadership in the industry. We are at the forefront of revolutionizing retail with customer-centric, store-centric, and shelf-centric solutions, from assortment optimization to advanced demand forecasting and replenishment strategies. Our integrated platform delivers faster time to value and unprecedented returns for retailers, setting new benchmarks in the industry. In 2023, we not only grew but also redefined what’s possible in retail AI.”

“Serving our largest vertical, the SymphonyAI retail CPG team’s success in 2023 was key to the impressive momentum across SymphonyAI as a whole, and we all remain energized and focused on even greater growth and success ahead,” said Sanjay Dhawan, CEO of SymphonyAI. “Our powerful AI solutions today serve 13 of the top 15 retailers globally, and we look forward to continuing rapid expansion in 2024 with new customer acquisition as well as expansion of relationships with existing customers. We are successfully positioned for both near-term and long-term growth across the business as we aggressively invest in leading predictive and generative AI to expand our markets in retail, financial services, industrial, enterprise IT systems management and media.”

About SymphonyAI

SymphonyAI is building the leading enterprise AI SaaS company for digital transformation across the most critical and resilient growth verticals, including retail, consumer packaged goods, finance, manufacturing, media, and IT/enterprise service management. SymphonyAI verticals have many leading enterprises as clients. Since its founding in 2017, SymphonyAI has grown rapidly to more than 3,000 talented leaders, data scientists, and other professionals. SymphonyAI is a SAIGroup company, backed by a $1 billion commitment from successful entrepreneur and philanthropist Dr. Romesh Wadhwani. Learn more at www.symphonyai.com

Contacts

Jenna Jordan
Ketner Group Communications (for SymphonyAI)
jenna@ketnergroup.com

https://www.businesswire.com/news/home/20240111421809/en/Enterprise-AI-Software-Leader-SymphonyAI%E2%80%99s-Retail-CPG-ARR-Grew-More-Than-30-Through-AI-Innovations-That-Expanded-Software-to-80000-Additional-Retail-Stores

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Omar Fergani, Ph.D., Co-founder and CEO of 1000 Kelvin, stated, “The manufacturing and production sector accounts for one-fifth of global carbon emissions and 54% of the world’s energy usage. 3D printing has the unique ability to address these issues, but not until it works consistently. By improving the efficiency and reducing the waste associated with 3D printing, while making the technology easier to use, AMAIZE contributes to a more sustainable future.”

AMAIZE enables the generation of optimal print recipes using a physics-informed AI technology for first-time-right 3D printing. Users upload a print file to the AMAIZE cloud, which analyzes the part and automatically corrects thermo- mechanical issues by optimizing the scan strategy and process parameters. This eliminates the need for costly finite element simulation software and multiple physical iterations, which result in wasted materials, energy, and money.

1000 Kelvin has already directly integrated the cloud native solution AMAIZE with multiple machine OEMs enabling next generation AI- software and compute infrastructure for additive manufacturing. As a result of successfully concluding its early adoption program, AMAIZE has already been adopted by companies in the energy, aerospace, and contract manufacturing industries. One example is a California-based rocket launch provider, who faced significant challenges in 3D printing a critical part. The issues stemmed from print failure due to overheating and substantial reduction of support structures, leading to inefficiencies and delays.

By leveraging AMAIZE, the company was able to digitally iterate solutions to these thermal management problems. The result was a successfully printed part with improved surface quality and performance. Notably, AMAIZE enabled the customer to reduce support structures by over 80%, leading to a more than 30% reduction in the overall cost per part when considering both saved material and post-processing costs. This case study exemplifies how AMAIZE’s focus on tackling the root cause—thermal management—can significantly accelerate time to market.

1000 Kelvin has so far secured $3 million in funding, which has allowed it to grow beyond Europe and establish a presence in Los Angeles, California to cater to its clients in the aerospace and defense industry.

About 1000 Kelvin

Founded by a team of former Siemens executives and experts in AI and additive manufacturing, 1000 Kelvin is committed to transforming the 3D printing industry. Its AI-driven software, AMAIZE, enables aerospace, medical, and industrial manufacturing companies to print metal parts ‘first-time-right,’ improving yield, quality, and repeatability while reducing costs and CO2 emissions.

Contact Information
For more information, please contact:

Abedin Gagani, Ph.D.
Director of Business and Partnerships
368058@email4pr.com
+39/ 376 176 1965
1000Kelvin.com

SOURCE 1000 Kelvin

https://www.prnewswire.com/news-releases/1000-kelvins-ai-powered-copilot-for-3d-printing-goes-commercial-adopted-by-leading-manufacturers-302021829.html

The post 1000 Kelvin’s AI-Powered Copilot for 3D Printing Goes Commercial, Adopted by Leading Manufacturers first appeared on AITechTrend.

Generation Z, the tech-savvy cohort, is particularly enamored with these interactive robots, which have seamlessly integrated into their lives, often serving as humanistic companions. In this article, we’ll explore the world of interactive AI robots available in the market, with a keen focus on those offered by Amazon.

Gen Z’s Fascination with Interactive AI Robots

The younger generation, often referred to as Gen Z, is at the forefront of embracing AI technology. They find joy and entertainment in interacting with AI-powered robots. These machines not only provide endless hours of fun but also offer educational value, sparking curiosity and creativity among young minds.

Exploring Amazon’s Interactive AI Robot Collection

When it comes to purchasing interactive AI robots, Amazon stands as a prominent marketplace. The e-commerce giant offers a diverse range of options to cater to various preferences and budgets. Let’s delve into some of the top choices available on Amazon:

Milagrow RoboElf – Your Ultimate AI Companion

The Milagrow RoboElf is a remarkable humanoid commercial use robot, measuring 90 centimeters in height. Packed with an impressive array of features, it boasts 60 sensors, 3D dynamic perception, and sound capabilities. With 3 cameras and 13 freely moving wheels, it can navigate effortlessly, making it a versatile addition to any setting.

One of its standout features is the in-built sound system, which allows you to enjoy your favorite tunes on command. The HD laser projector, with a 720P resolution, offers a stunning 65-inch screen viewing experience. The AI algorithm powering the RoboElf enables it to recognize voice, faces, sounds, and even understand semantic cues, all without the need for frequent charging. Moreover, you can monitor your home remotely using the RoboElf mobile app, App Q-link.

Boxer Interactive AI Robot Toy – A Bundle of Joy

For those seeking a more compact AI companion, the Boxer Interactive AI Robot Toy fits the bill perfectly. Powered by 3 LR44 batteries, this pint-sized robot measures 13.46 x 13.46 x 17.27 cm. Despite its small size, it packs a punch in terms of entertainment.

Boxer can express a wide range of emotions, adding a playful dimension to your interactions. Whether you’re playing Bot Bowling, Paddle Bot, Go Kart, or soccer with the interactive ball accessory, Boxer will respond with quirky expressions and actions. Additionally, a mobile app offers a host of new games, making the experience even more exciting.

Toys Bhoomi Advanced AI Robot – A Learning Partner

The Toys Bhoomi Advanced AI Robot is designed with an emphasis on learning and fun. This self-balancing robotic marvel is lightweight, making it ideal for kids to play with. It can carry objects weighing up to 200 grams, thanks to its self-balancing and automatic obstacle avoidance modes.

Equipped with a 2.4GHz control system, it efficiently assists humans on its two wheels. It features an entertainment section with songs and dance routines. Charging is a breeze, as it can be fully charged via USB through a computer or laptop.

Makeblock’s Smart Robot STEM Toy – A Gateway to Coding

Makeblock’s Kid’s Codey Rocky smart robot STEM educational toy is an excellent choice for those interested in coding and programming. With over ten advanced electronic modules related to AI and IoT, it offers a comprehensive learning experience.

Measuring 10.19 x 9.5 x 10.29 cm, this coding robot is beginner-friendly, with support for various programming languages. It’s the perfect tool for those new to coding, allowing for a smooth transition from visual code to Python and advanced coding languages.

Mini Leaves Interactive Robot – Entertainment Galore

The Mini Leaves Interactive Robot is all about entertainment and education. With touch sensing capabilities, it can move freely in any direction and adjust volume levels during playback. It even features an engaging animal guessing game, complete with 20 animal cards to expand a child’s knowledge of Earth’s creatures.

Running on 3 AAA batteries and equipped with expressive, colorful eyes, this interactive robot offers endless hours of fun. It comes loaded with 20 different songs, ensuring entertainment is never in short supply.

In Conclusion

The world of interactive AI robots is booming, and Amazon offers a diverse selection to cater to every need and preference. Whether you’re seeking a companion for a tech-savvy youngster or a tool for STEM education, there’s a robot to fit the bill. Embrace the future of robotics and explore the endless possibilities these machines bring to our lives.

The post Gen Z’s Best Friend: Exploring Interactive AI Robots first appeared on AITechTrend.

By now you know that no matter how much property you’ve acquired, there’s always something you’ll need soon enough. Aside from basic items like food, water, clothing, and shelter, the need to acquire things we don’t have is human nature. 

So how do you acquire things you don’t have using what you have? The answer is simple — commerce (buying and selling). We buy what we need using what we have, or the monetary equivalent of what we have. 

Commerce at its core was built on consumer products (things you can use directly). The early men traded basic items like food and clothing using the barter system. Today, we still buy the same class of items using money.

Do you still think it’s hype? 

Humans had always craved convenience where available. The rise of the internet has provided new ways of doing old things, thus making life easier.

Basically, any commercial activity done over the internet is e-commerce.

E-commerce makes it easy for us to meet one of our basic needs. The desire to buy items conveniently, know the prices of items when budgeting, among others, has made e-commerce a better option for regular commerce. 

The retail industry, on the other hand, has seen a dramatic shift in the means of delivery of customers’ goods. In the early 1900s, big players like Walmart and Macy’s used departmental stores to give customers the best shopping experience.

Today, industry Titan – Amazon is leading the wave of e-commerce using the internet and fulfillment centers to give customers the 21st-century buying experience — shopping convenience.

The online retail marketplace is a cool place to shop, but many users complain that long delivery dates are a pain point. Amazon’s 2-hour delivery for prime users is a close shot at addressing the problem.

Gorillas, an on-demand grocery delivery company in Europe with the promise of delivering groceries within 10 minutes of ordering, is trying to address the issue of the prolonged goods delivery.

In Nigeria, a startup like Phlenyx is going to address the same issue, thus providing up to 90 minutes of goods delivery after its beta launch in December 2021. 

So why is there so much buzz about e-commerce?

The answer is simple — e-commerce is the future of retail trading, and we are living in that future. Buying from supermarkets and “mom-and-pop” stores won’t be going away soon, after all, over 95% of global retail trading is done offline. Nevertheless, the transition to retail e-commerce is quite rapid, with a 27.6% global annual growth in 2020 compared to 20.2% in 2019.

E-commerce is here to stay. As customers increase their expectations, retailers have to come up with innovative solutions to meet the demand. With this in mind, we hope to see more e-commerce innovations in the few years to come.

Ever since Amazon established itself as the go-to online retail marketplace, other retailers — big and small — had followed suit. The internet has created an easy-to-access stream of the audience, thus making it very easy for businesses to have direct connections with their customers. 

Shopify, a subscription-based software that allows anyone to set up an online store and sell their products, is helping small and medium scale retailers to take advantage of the e-commerce wave. Today, over 1.75 million merchants operate their online stores using Shopify.

The current supply chain of consumer products makes it hard for producers to get direct feedback from customers. Here’s how the standard supply chain works:

• The producer sells to the distributors
• The distributors sell to the wholesalers
• The wholesalers sell to the retailers 
• The retailers sell to the consumers

The above process is cumbersome and hard to keep track of. By using e-commerce, businesses and retailers alike can sell directly to consumers, thereby cutting the middlemen.

Direct to customer (D2C) sales aren’t limited to cosmetics and fashion as you may think. Tesla, an electric vehicle and clean energy company doesn’t use dealers to sell their cars, they sell directly to you. You can easily order a Tesla EV car on their website and have it delivered to your doorstep. 

Some of the advantages of D2C sales include direct access to customers feedback and higher profit margins. A key disadvantage of using this approach is that it is quite expensive to establish a logistics network to meet customers’ demands. Companies who use the model must make a hefty profit margin per item sold to cover the added operational cost from making low-cost deliveries to consumers. 

In summary, D2C sales remove distributors and wholesalers out of the picture, thereby leaving just two key players in the retail industry — producers and consumers.

Should this be the norm for all retail categories? 

Author Bio

Bethel Udochukwu CEO and Co-founder of Phlenyx. Product designer (UI/UX), data analyst, and AI enthusiast with a passion for innovative technology especially in e-commerce.

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