March 2, 2018 Catchoom ranked as one of the Top 10 AI Solution Providers of 2018
Retail CIO Outlook Magazine has recently ranked Catchoom as one of the Top 10 AI Solution Providers 2018.
As a print magazine and online website specialized in retail tech, Retail CIO Outlook provides insights and relevant information to chief information officers in terms of new technology developments for the retail industry.
Therefore, the magazine gathered retail tech experts to choose the Top 10 AI Solution Providers had best proved their performance and competence in delivering Artificial Intelligence solutions to help retailers improve their omnichannel strategies.
New challenges and digital transformation in retail
Faced to the increasing demands of customers, the need for personalization and improvement of customer’s journey and the will to optimise retail activities to adapt to the digital transformation, retailers are increasingly looking for AI developments that might help their companies stand out in every single step of their operations, from supply networks to conversion rates in ecommerce.
AI is already starting to make its way in the industry by offering accurate predictions and descriptions that help reduce costs and save time. IDC actually predicts that 40% of digital transformation activities will include machine learning technologies and AI features that will be able to provide new accurate data in real time to retailers.
Catchoom’s fashion-specific AI solution
In this landscape, Catchoom’s Deep Products technology uses AI to provide better product descriptions by automating product annotation and catalog management processes. The fashion-specific solution avoids human errors and allows custom fields for higher customization.
Moreover, descriptions are between two and three times richer and more accurate than most of the solutions in the market,
Catchoom’s AI solution, which is already helping companies such as Privalia, also increases sales performance by giving visual recommendations to potential customers and boosting search engine optimisation. Time spent on product annotation can, therefore, be devoted to other relevant activities and tasks.
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