Top 10 Artificial Intelligence Solution Companies in Europe - 2019
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The Benefits of Tinkering over Reinvention

Top 10 Artificial Intelligence Solution Companies in Europe - 2019

It goes without saying that Artificial Intelligence has evolved as the hottest and promising technological achievements recently. Nearly all the market segments, industries, and business domains are actively leveraging this technology for the business benefits it brings to the table. When it comes to the retail industry, the story is no different. Companies in this sector are harnessing the power of AI to reduce costs and make the shopping experience much more delightful and efficient for the end consumers. AI has the potential to completely transform the traditional retail experience and take it to the next level with personalisation, automation, and increased efficiency.

Playing an integral role in automation or augmentation of the retail process, AI is being integrated across diverse retail applications--from sales, CRM and payments to manufacturing, logistics, and delivery. Understanding the changing times, Retail CIO Outlook has compiled a list of top 10 Artificial Intelligence solution providers in Europe to guide retail organisations in harnessing the power of technology to tackle today’s operational challenges, reduce workload, and increase efficiencies, while simultaneously engaging customers with tools that promise a delighting experience.

With several innovative technological capabilities and success stories up its sleeves, the top retail AI companies are constantly proving their mettle with their innovative offerings. We hope this issue of the Retail CIO Outlook helps you build the partnership you and your firm needs to foster a technologically-driven and highly efficient environment.

We present to you Retail CIO Outlook’s “Top 10 Artificial Intelligence Solution Providers in Europe - 2019”

Top Artificial Intelligence Europe Companies

The company has developed an automated analytics engine that solves complex marketing problems by effectively processing masses of data. Offered as a subscription service (SaaS), Formulate’s solution, Retail DecisionCloud, is a cloud-based AI-solution that automatically detects, analyzes, and forecasts the impact of promotion campaigns in brick-and-mortar stores as well as online. The solution imports and fuses the retailer's existing transactions data with external data on consumer behavior, such as Google trends data, via an easy to use API. Retail DecisionCloud incorporates analysis workflows, algorithms, database structures, security, and monitoring processes optimized for one purpose; to generate campaign insights that the retailer can use to his advantage while driving the business

www.formulate.app

MySales Labs empowers retailers with insights that boost business growth, increase both profitability and revenue, optimise inventories without sales losses, and give a head start in tightening competition on the global markets. The company utilises data analytics, machine learning (ML), and artificial intelligence (AI), to offer retail management solutions for demand forecasting, price optimisation, stock replenishment, and promotion modelling. While providing insights and analytics in retail management, MySales Labs creates a fine balance between the pricing of products and profit margin witnessed by retailers. In addition, the company’s leading solutions also allows clients to counterbalance the demand and on-shelf availability of food through its AI-based solutions

mysales-labs.com

As a prominent retail AI solution provider in Europe, brings to the table the price optimisation silver bullet, Panther Pricing, made by retailers for retailers. Panther Solutions leverages the prowess of AI and the cloud to generate automated price recommendations that enable retailers to reduce price markdowns significantly. With an attractive go-to-market strategy and a proven technology solution, Panther Solutions has been able to partner with an impressive lot of retailers and brands, many of whom are household names across Germany and Europe. The company recently signed a deal with Australia-based data integration and solution provider Integration Wizards, who would be the exclusive Australia and New Zealand distributor of Panther Pricing; which is a significant milestone in their international expansion plan

www.pantherpricing.com

PricingHUB leverages data at scale and machine learning to help retailers implement multiple pricing strategies and action their daily trading. As one of the top retail AI companies in Europe, PricingHUB offers a dynamic pricing Saas platform to manage P&L by utilizing solid pricing algorithms and a transparent performance measurement methodology. Governed by the mission to bring dynamic pricing to physical retail stores by leveraging a blend of real-time customer data and machine learning algorithms, PricingHUB helps retailers understand price elasticity and drive better pricing decisions. The company’s unique and interactive experimentation/elasticity exploration methodology deployed in a SaaS platform assists the retailers to transition from competitive pricing to trading-based pricing that leverages elasticity

www.pricinghub.net

Vispera aims to make their image recognition-based data analytics services and platforms become power tools for retailer and supplier companies worldwide. The company identifies and solves business problems that require an on-site visual understanding of the store and the shoppers therein, be it in a supermarket, in a fashion shop or in a tech store.Vispera's automated visual recognition solutions bring the business problems in retail to the realm of feasible. The team at Vispera is helping FMCG and retailer clients execute the concept of perfect stores with their image recognition services

vispera.co

Catchoom

Catchoom

Catchoom is an image and object recognition provider powering visual search and automatic product tagging solutions. Founded by two computer vision experts at the core of Telefónica R&D in 2011, Catchoom’s team aims to create a world where shopping always starts with an image. The enterprise helps consumers find the right product and make the paramount shopping decision in the shortest possible time. Awarded with international recognition for its solutions, Catchoom has an obsession for building products with superior performance, scalability, and business impact. The organization’s proprietary technology delivers millions of visual searches and product attribution from images every month. Some of the key areas of the business include image recognition, digital marketing, mobile marketing, eCommerce, Visual search, retail, retail tech, shopping experience, and fashion eCommerce

Commerce.AI

Commerce.AI

Commerce.AI automates product decisions and workflows for brands and retailers using Artificial Intelligence (AI) which can read, see, hear, and understand consumer feedback at scale. Commerce.AI was founded with the mission to harness the power of artificial intelligence to change the way commerce is done. The enterprise is training its AI to learn about all the products and associated consumer feedback in the form of natural language. Commerce.AI mainly focuses on deep learning, product intelligence, product marketing, and AI

Detego

Detego

Detego develops and distributes a suite of software products that provide real-time analysis and article transparency, which help prevent out-of-stock situations and ensure optimal product availability for fashion retailers. The use of the Detego product portfolio supports the omnichannel and digital strategies of many fashion retailers, enabling them to actively manage stores while providing customers with a consistently good shopping experience across all channels. The enterprise’s software is complemented by managed services and software-as-a-service (SaaS), along with attractive financing models

Prudsys

Prudsys

prudsys AG is the leading provider of agile AI technologies for omnichannel retail. The prudsys Realtime Decisioning Engine (prudsys RDE for short) automates personalization and pricing processes across the entire value chain. This allows retailers to offer customers a seamless shopping experience of the utmost personal relevance at every sales channel while simultaneously maximizing customer loyalty and earnings. The enterprise has been on the market since 1998. As a pioneer in the fields of real-time personalization and automated pricing, the company has been actively working to shape the development of the omnichannel business from the start. Prudsys’s customers include bonprix, C&A, Coop, Douglas, Klingel, Obi, Sanicare, Thalia, and Würth

SRAX

SRAX

SRAX is a digital marketing, consumer data management, and distribution technology platform company. SRAX’s technology delivers the tools to unlock data to reveal brands and content owners’ core consumers and their characteristics across marketing channels. By integrating all aspects of the advertising experience, including verified consumer participation, the enterprise delivers a digital competitive advantage for brands in healthcare, CPG, automotive, sports, and lifestyle verticals. Through their blockchain identification graph technology, the BIG platform, SRAX is developing a consumer-powered data marketplace where people can own and sell their data, thereby providing everyone in the Internet ecosystem transparency, choice, and compensation