Top 10 Retail Analytics Solution Companies In APAC - 2019
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Top 10 Retail Analytics Solution Companies In APAC - 2019

Consumer expectations and demands have long dictated the changes that come to the retail landscape. The retail industry is continuously evolving to stay afloat and meet customers increasing needs, and face both new challenges as well as opportunities spurred by the emergence of new technologies. A broader trend seen in the retail sector in 2019 is the move by many retailers to move away from predictive analytics and adopt prescriptive analytics. Predictive analytics helps to forecast the likely outcomes from a set of past customer actions. Using valuable insights gleaned from data analytics, many retailers have conducted marketing campaigns, effectively targeting customers. But now it is time to deploy prescriptive analytics as the competition gets hotter. Prescriptive analytics and retail have a new relation. In short, this form of analytics will suggest intelligent recommendations to shoppers.

Visual retail analytics has put an end to unintentional garbling and ensures a quick understanding of the core issue. By making data more meaningful and illustrative, brands can entice the audience and build more positive relationships. Those who already implemented this strategy on a large scale have managed to boost their sales and reduce inventory levels. Product assortment analytics creates a massive impact on in-store sales and conversions. Earlier, retailers who have either poorly planned or neglected their product assortment strategy have witnessed a drastic decline in sales. Product assortment analytics can aid businesses to integrate their customer behavioral data with their purchase history to segment customers and serve them in a much better way. AI technology will mark its presence in almost every software product in the coming year. AI has so much potential, but an equally vast array of offerings and opportunities make it difficult to predict where exactly it will play the most significant role. Analytics, cognitive computing, and chatbots are some practical areas where AI can be implemented.

Today we are about to witness yet another burst of technology innovation. In mid-to-late 2019, the largest carriers will deploy the latest generation of wireless internet, 5G. For retailers, 5G means video analytics will become real in a hurry. Possibilities include using artificial intelligence tools to send smartphone alerts to the manager and associate when VIPs enter a store. Video analysis will enable to check customer traffic patterns and what brands people wear and are interested in. Inventory visibility, enabled by visual analytics, can accelerate data understanding from manufacturing to fulfillment to shelf placement. With actionable, visual analytics, it is becoming easier for all stakeholders to use these new insights for strategic advantage. Between the Internet of Things (IoT), robotics, and artificial intelligence, there are now powerful options to improve inventory accuracy, and the top-line and bottom-line benefits are massive.

This edition of Retail CIO Outlook features companies that are at the forefront of offering retail analytics solutions like Blix, AInnovation, and Stream It. Retail CIO Outlook’s editorial board has assessed and shortlisted some of the most prominent organizations in the industry that solve retail analytics challenges by implementing the current technological trends in the space. We present to you – “Top 10 Retail Analytics Solution Providers in APAC – 2019”.

Top Analytics APAC Companies

AInnovation leverages cutting-edge AI technologies to deliver AI-related products and solutions for enterprises, and empowers enterprise customers and partners through improving their business efficiency, enhancing their value and realizing their digital transformation. AInnovation has in-depth insights into both AI and enterprise services, and has accumulated extensive industry experience and best practices.AInnovation’s top- tier computer vision experts provide sophisticated computer vision and pattern recognition solutions for our partners by applying world-leading image classification algorithms and advanced detection and positioning technology to massive SKU databases for quick SKU modeling

ainnovation.com

Blix provides the best-in-class retail analytics solution that harnesses and converts foot traffic and customer behavior data into actionable insights for retailers to increase sales. Blix was founded with the goal of providing bricks and mortar retailers with similar insight into customer behavior as is common in website analytics. The information is gathered for store owners through Blix’s plug and play sensors which detect the smartphone signals of the shoppers to provide detailed foot traffic and location analytics. Then, with the help of Blix Traffic platform, the Blix team analyzes this data and offers real-time insights to the retailers. Today, Blix has progressively moved from only being a store analytics provider to also a leading source of retail data nationwide. With the help of Blix Sites, the company offers its clients macro data for site selection, store benchmarking, and lease negotiations

www.getblix.com

Retail is an edge-first real-time video analytics and surveillance solution. With sub-second reporting across the globe, this solution delivers a broad array of operational analytics that can be shaped to meet specific implementation requirements. Stream It has recognized how the retail segment can leverage artificial intelligence to provide real-time data using affordable high-resolution cameras. The ability to detect security threats and monitor other customer and worker safety factors are important advancements that Stream It’s retail platform offers. Stream It’s platform and open data architecture is designed to work with existing IT and data services to share its real-time data streams

www.streamit.live

AIMLedge

AIMLedge

AIMLedge help retailers discover in-store preferences and buying patterns of customers, using powerful video analytics and behavior analytics. The enterprise automates in-store customer data collection and provides detailed insights on customer’s reactions to the in-store experience. The technique allows businesses to quickly evaluate the effectiveness of their visual merchandising and marketing strategies and predict inventory performance before they become overstock. Some of the fields that AIMLedge specializes in are deep learning, computer vision, embedded systems software, and retail.

Beyond Retail

Beyond Retail

Beyond Retail was formed through the co-operation of three specialist businesses, Unique Micro Design, DST Retail and DST I.T. with the focus on developing, installing, and supporting IoT devices and solutions for retail clients. Beyond Retail is a unique provider that has the capabilities to provide full-stack IoT solutions. Beyond Retail’s core purpose is to enable retailers to deliver an enhanced customer experience. The enterprise achieves the goal by providing retailers with the benefits of cohesive, coordinated digital services, data collection, and IoT devices strategy from a single source

Innovative business

Innovative business

Innovative Business Company Limited, also known as INNOBIZ, is a leading Business Intelligence (BI) consultant and implementer in Thailand who has a strong background in BI development in several fields. The business has extensive experience with finance, banking, telecommunication, energy, healthcare, aviation, automation, education as well as government sector. INNOBIZ offers exceptional BI solutions to leverage the business value of our customer. By their mechanism to transform the information to knowledge and then to organization intelligence, the customers have a better perspective on the external environment and their own internal business performance. The business’s BI solutions facilitate the customers to drive their businesses by fact-based decision-making

NeuralBay

NeuralBay

NeuralBay is an Artificial Intelligence company that specializes in visual analytics. The company focuses on detection and recognition software related to humans, objects and text, and offers complementary plug-and-play hardware for image capturing and edge processing. Their specialized consultancy division based in Singapore builds custom neural network models and A.I. driven solutions for MNCs across the region. Artificial intelligence, human recognition, object recognition, text recognition, vision analytics, edge computing, and cloud computing are some of the fields that the business offers solutions in

Retail Performance Company

Retail Performance Company

Founded in 2013 as a joint venture between the BMW Group and h&z Management Consultancy, the Retail Performance Company is a consulting firm supporting companies in sales issues. With an integrated approach, the enterprise supports client’s company with its holistic view of the challenges of retail. The business helps clients with its competencies in the areas of strategic consulting, design, coaching, training and qualification, talent management, and data analytics. The Retail Performance Company’s goal is inspiring customer-centric transformation

RetailNext

RetailNext

RetailNext is the worldwide market leader and expert in retail analytics for brick-and-mortar retail, delivering real-time analytics that enables retailers and manufacturers to collect, analyze, and visualize in-store data. The patent-pending solution uses best-in-class video analytics, Wi-Fi detection, on-shelf sensors, and data from point-of-sale systems and other sources to inform retailers about how people engage with their stores automatically. The highly scalable RetailNext platform easily integrates with promotional calendars, staffing systems, and even weather services to analyze how internal and external factors impact customer shopping patterns–providing retailers the ability to identify opportunities for growth, execute changes, and measure success

V Count

V Count

V-count is the leading provider of visitor analytics solutions in the world. The business offers global organizations the latest in people counting, heatmap, queue management, staff exclusion, and business intelligence platforms. V-Count’s solutions are backed by a secure cloud-based business intelligence platform that leverages best-in-class AI and machine learning tools to analyze collected data. The company provides its clients with actionable reports and software-based recommendations on how customers behave in their physical locations. Furthermore, it offers organizations insights on how to optimize their business operations, boost conversion rates, and thereby, start increasing profits just in 30 days. V-count is the trusted technology partner of over 700 global brands (including Samsonite, Samsung, Sephora, Marks & Spencer, Ford Motors, Vodafone, Philip Morris International, Bosch, and Siemens)