😥 Out-of-stocks cost CPG brands over $1 trillion globally, with 30% of shoppers reporting a negative impact on their experience. Unforeseen demand spikes, inaccurate forecasting, and inefficient stocking processes contribute to poor On Shelf Availability (OSA). To tackle this, investing in Image Recognition and AI is key. These technologies automate in-store data collection, detect and recognize products, and generate custom reports and dashboards. This allows for real-time action plans, ensuring efficient retail execution and optimal stock availability, ultimately enhancing customer satisfaction and reducing lost sales. 👆 To know more about how image recognition can help your brand to maintain On-shelf availability click the link given. https://lnkd.in/gcPZSG8y #ImageRecognition #Retail #CPG #ComputerRecognition #OnShelfAvailability #Ai #ArtificialIntelligence
ParallelDots
IT Services and IT Consulting
Seattle, Washington 13,547 followers
ParallelDots enables FMCG companies to improve their retail execution with Image Recognition.
About us
ParallelDots is a leading image recognition solution provider for FMCG companies and retailers globally, helping them optimize their in-store execution and maximize their sales. ParallelDots has a proven model to deliver higher ROI than other retail Image Recognition solutions owing to its superior technology that is fast to set up and affordable to scale. More information on why ParallelDots is better than other solutions is available here - https://www.paralleldots.com/technology
- Website
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http://www.paralleldots.com
External link for ParallelDots
- Industry
- IT Services and IT Consulting
- Company size
- 51-200 employees
- Headquarters
- Seattle, Washington
- Type
- Privately Held
- Founded
- 2014
- Specialties
- Deep Learning, image recognition, retail, fmcg, computer vision, retail execution, merchandising execution, product recognition, CPG, and consumer goods companies
Locations
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Primary
600 Stewart Street,
Suite 300 and 400
Seattle, Washington 98101, US
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Sector 51
Gurgaon, Haryana 122003, IN
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Korunní 2569/108 Czech Republic
Prague, 101 00, CZ
Employees at ParallelDots
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Radek Havlik
Partnerships Manager & Creative Strategist
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Henrique Bragança
General Manager at HB Corp | Go-to-Market Strategy Advisor at ParallelDots | Expanding Startups and Scale-ups to Latin America | Harvard Business…
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Ankit Narayan Singh
Co-founder - ParallelDots | Unlocking Shelf KPIs for CPGs and Retailers
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Abishek Vyass
Consultant
Updates
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In today's competitive CPG landscape, perfect store execution is crucial. Leveraging image recognition and AI technology is key. With the market projected to grow at a 13.4% CAGR from 2023 to 2030, ShelfWatch's AI-powered image recognition can streamline retail execution, ensuring optimal product placement and boosting sales. 👆 To explore how ShelfWatch can revolutionize your retail execution process, click the link given. https://lnkd.in/dxtqQuif #PerfectStore #RetailExecution #Ai #ImageRecognition #CPG #ComputerRecognition #Artificialintelligence
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Manual retail audits are cumbersome, with endless paperwork, slow submissions, and manual counting exhaust teams and disappoint customers, leading to potential sales and profit losses. AI-powered image recognition with a simple store image capture via a mobile device accurately decodes and tags every SKU, POSM, or pricing detail, streamlining audits, reducing errors, ensuring compliance, and enhancing customer satisfaction. ShelfWatch's ‘Click and Go’ feature makes audits quick, reliable, and accessible, even in low-internet areas. Click the link to learn more or to book a demo https://lnkd.in/dNsDcEHX #ImageRecognition #RetailAudit #Ai #CPG #ComputerRecognition #RetailExecution #ArtificialIntelligence #Retail
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✨ Achieving Perfect Store execution is a game-changer for CPG brands, ensuring product availability, visibility, and correct pricing. However, manual audits often fall short. Image Recognition technology offers a solution, providing real-time insights into shelf conditions, enabling fact-based negotiations, and ensuring consistent execution across stores. To explore how Image Recognition can transform your retail execution at stores, click the link below. https://lnkd.in/d2-xQntZ #Perfectstore #RetailExecution #CPG #Retail #Imagerecognition #Ai #ArtificialIntelligence #ShelfWatch
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✨ Gain access to image recognition expertise used by Fortune 500 companies through our Partner Program! As the go-to choice for retail image recognition, we serve Fortune 500 companies with the help of our partners. 🤝 Collaborate with us to leverage global networks for expansion, enhance your offerings, and drive mutual growth. Partner with a well-defined go-to-market strategy and foster innovation through collaboration. Join us today! Click the link to partner with us or to learn more benefits. https://lnkd.in/dxczceB4 #PartnerProgram #Partner #ImageRecognition #Collaboration #ComputerRecognition #Ai #ArtificialIntelligence
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🚀 As Modern Trade grows, Traditional Trade still holds significance in India, SEA, and emerging markets. Yet, these stores are often overlooked in in-store activation programs, missing a key opportunity. Traditional trade owners usually allow manufacturers to set up visually appealing brand spaces in exchange for better margins or incentives. With ShelfWatch, merchandisers can easily monitor display protocols, improving visibility and boosting sales. 👇 Click the link below to learn more about how you can improve your brand’s performance in Traditional Trade with ShelfWatch. https://lnkd.in/gRmvbzRQ #Retail #TraditionalTrade #ImageRecognition #ShelfWatch #Ai #ArtificialIntelligence #RetailExecution #CPG #ComputerRecognition
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✨ Transform your retail execution process with ShelfWatch! With real-time insights and over 95% accuracy at the SKU level, ShelfWatch ensures perfect product placement and compliance. From reducing stockouts to optimizing promotional impact, ShelfWatch revolutionizes how you monitor and manage your shelves. 👆 Click the link to learn more about how ShelfWatch can transform your retail execution process. https://lnkd.in/dvv8tEV3 #RetailExecution #Retail #ImageRecognition #Ai #CPG #SalesDirector #ArtificialIntelligence #SalesLeaders #FieldAgents #ShelfWatch
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✨ AI-powered price tag detection simplifies monitoring, ensuring accurate display prices and preventing sales loss. Monitoring and filling price gaps with ShelfWatch Image Recognition Technology can make your retail execution process efficient. Learn how this technology works and why it's crucial for your brand's success. 👆 Click the link to learn more or to book a demo. https://lnkd.in/gjjyM6gN #RetailExecution #CPG #Retail #Ai #ImageRecognition #ShelfWatch #ComputerRecognition #ArtificialIntelligence #PriceTagCompliance
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✨ Thrilled to receive this testimonial from Tereza Šebková, Project Manager at Asahi Beverages, Slovakia. We're proud to see our client succeeding in retail execution with ShelfWatch. Their endorsement underscores our commitment to delivering high-quality digital solutions on time. It's an honour to contribute to their success. Here's to achieving more milestones together! 🚀 #ClientSuccess #Testimonial #RetailExecution #ImageRecognition #ComputerRecognition #Ai #Beverages #ShelfWatch #Asahi
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✨ Crafting an appealing planogram, setting product pricing, and securing ideal placement require substantial data analysis and negotiations. However, executing these plans across multiple stores with a vast array of SKUs is no easy task. For CPG brands, achieving perfect store compliance and contract execution is critical to ensure that every dollar spent delivers the intended results. Image Recognition technology ensures your plans are executed precisely in stores with over 95% SKU-level accuracy no more manual errors or inefficiencies just real-time insights and flawless implementation across all retail locations. 👇Click the link below to learn more or book a demo to understand how this can benefit your brand! https://lnkd.in/dMjJbe2f #Perfectstore #Storecompliance #ai #imagerecognition #retailexecution #computerrecognition #retail #cpg #ArtificialIntelligence #ContractCompliance
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