✨ AI has proven to be a game-changer, with 69% of retailers reporting an increase in annual revenue directly linked to AI adoption. Additionally, 72% of retailers using AI have experienced a decrease in operating costs. By leveraging real-time retail analytics with image recognition and AI, companies can enhance operational efficiency, optimize product placements, ensure accurate on-shelf inventory, and improve planogram compliance. This technology empowers brands to respond swiftly to market changes, maintain stock availability, and drive overall growth. 👆Click the link below to learn more about how you can harness the power of real-time retail analytics for your brand https://lnkd.in/dYKUi3bq #RetailExecution #Realtime #Ai #ImageRecognition #ArtificalIntelligence #Retail #ComputerRecognition
ParallelDots
IT Services and IT Consulting
Seattle, Washington 13,731 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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✨ Trade promotions are crucial for increasing product visibility and driving sales, but their effectiveness depends on flawless execution. Without accurate, real-time data, brands face challenges like misplaced products and non-compliance with promotional displays. Image recognition technology addresses these issues by providing data-driven insights that optimize trade promotions. ShelfWatch offers real-time monitoring and compliance tracking, ensuring your promotions are executed accurately, ultimately maximizing ROI. 👆Click the link below to learn more about how ShelfWatch’s image recognition capabilities can benefit your in-store trade promotions https://lnkd.in/dWb_3ZDF #Tradepromotion #ImageRecognition #CPG #Ai #Artificialintelligence #ComputerRecognition #Retail #ShelfWatch
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✨ ShelfWatch, combined with Saarthi, is redefining retail execution by enabling rapid SKU detection on shelves with over 95% accuracy. Saarthi accelerates AI training to within 48 hours, minimizing time to market and ensuring precise shelf KPIs. Automated data annotation streamlines preparation and real-time analysis offers actionable insights for swift decision-making. With a no-code interface, even non-technical teams can easily handle AI training. To know more about how ShelfWatch, along with Saarthi, can make your retail execution process faster and smoother, click the link below. https://lnkd.in/dZaH3RVB #Retail #Imagerecognition #AI #ArtificalIntelligence #CPG #AITraining #ComputerRecognition #RetailExecution
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✨ ShelfWatch uses AI and image recognition to offer a comprehensive view of your shelf space, ensuring optimal retail execution. With advanced analytics and real-time monitoring, it enhances your brand's performance and precision. Discover how ShelfWatch can transform your retail execution with a personalized demo. See it in action and elevate your brand's presence: https://lnkd.in/dvv8tEV3. #retailexecution #imagerecognition #cpg #retail #computerrecognition #AI #ArtificialIntelligence
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On-shelf availability is crucial for CPGs to maximize sales and enhance customer experience. ShelfWatch uses advanced Image Recognition technology to ensure 95% SKU-level accuracy, optimize shelf space, and track real-time product placement. It helps CPGs make efficient, data-driven decisions and effortlessly manage retail execution with click-and-go features. ✨ Stay ahead of the competition with ShelfWatch. Click the link below to learn more. https://lnkd.in/g5yQ5dqg #Retail #Ai #OnshelfAvailability #RetailExecution #ImageRecognition #ComputerRecognition #CPG
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ShelfWatch's Retail Image Recognition in 3 steps: 1. Capture: Easily capture shelf images using ShelfWatch app 2. Detect: Identify critical shelf KPIs and retail execution insights using Image Recognition in realtime 3. Act: Fix issues and gaps immediately with actionable data To know more about ShelfWatch, schedule a demo today: https://lnkd.in/dvv8tEV3 #imagerecognition #retailexecution #shelfwatch #retailtechnology #retailinnovation #cpg #artificialintelligence #aiinretail #storeaudits
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Everyone appreciates speed! Here's a snapshot of how Saarthi accelerates the training of AI models to identify and recognise new or unknown SKUs on store shelves with exceptional accuracy and speed. By integrating ParallelDots’ ShelfWatch with Saarthi, users can effortlessly sort & label unidentified SKUs, and train their AI models easily without manual intervention. Learn more about the Saarthi innovation here: https://lnkd.in/dZaH3RVB #retailexecution #imagerecognition #retailinnovation #cpg #retailtechnology #computervision #aitraining
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😥 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
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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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