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Retail Shelf Monitoring solutions are sought after by the CPGs and retailers today. They solve some of the critical challenges that exist within the retail ecosystem: driving a perfect retail execution and boosting sales growth per store. Annually. the global CPG and retail industry lose 25% of their sales to poor retail execution. Here is where our solution ShelfWatch comes to aid.
Today, we are glad to announce a pivotal and strategic partnership with Google Cloud. This partnership will bring forth advanced and reliable retail shelf monitoring solutions to CPG and retailers worldwide by combining the strengths of both the companies to unlock enhanced data accuracy, faster deployment times, and simplified AI training for CPGs, ultimately leading to improved in-store execution and thereby boost sales.
ShelfWatch: Image Recognition + Google Cloud Platform
ShelfWatch is a retail shelf monitoring solution that uses Image Recognition and AI technology to deliver real-time retail execution insights and shelf KPIs. Leading global CPG manufacturers and retailers today use ShelfWatch to take control of their retail shelves, better position their products on the store shelves, drive effective promotions and boost sales. With insights generated such as On-Shelf Availability (OSA), Share of Shelf, product pricing and tracking store compliances such as planogram and trade promotions, sales and category teams can make informed decisions to address product out of stock situations, improve their in-store brand visibility, and per-store sales.
By leveraging Google Cloud's scalable and secure infrastructure, ParallelDots can enhance its shelf monitoring solutions, delivering reliable performance and robust security to end-users. This integration streamlines the deployment of ParallelDots' solutions, offering CPG and retailer customers a faster and more efficient implementation with a greater return on investment than standalone options. Additionally, customers can effortlessly integrate and analyze ParallelDots' SKU-level shelf data alongside other datasets within the Google Cloud platform, significantly increasing ROI and eliminating the need for costly and complex manual integrations.
Also read: special feature in Analytics India Magazine article: Google Cloud Partners with ParallelDots to Enhance Retail Shelf Monitoring with AI
This pivotal collaboration will translate to:
- Rapid deployment of ParallelDot’s ShelfWatch solution
- Improved scalability of the solution to quickly train AI algorithms and detect new and unknown SKUs in complex retail environments
- Higher ROI on the solution by driving cost effectiveness with reliability, security and speed.
To know more about ShelfWatch and its enhanced capabilities, you can schedule a demo or visit www.paralleldots.com
