Donde Search, leaders in AI Visual Discovery for retailers announced today it was selected as one of the top 50 retail tech start-ups operating globally, according to the Discovery 50 report published today by RWRC – home of Retail Week and World Retail Congress.
Retailers worldwide are scrutinising their business models more closely than ever, as they grapple with the impact of the Coronavirus crisis and seek to deliver sales and maintain relevance among consumers. There is a growing realisation in boardrooms that collaboration with start-ups and third parties is crucial to achieve these aims and to better position businesses within the new post-COVID-19 world of commerce.
The 50 start-ups were judged and shortlisted by a panel of retail and business experts, having all started operations in the last seven years and working with a breadth of retailers and brands to help transform their businesses, either through a pilot or full-scale solution. The report also offers advice on how leaders can open themselves up to new and different ways of thinking and the benefits this can have on the bottom line.
“Now is the time for businesses to think about how they could work differently with the start-up community and build synergies; from creating a fast-track, light-touch process for forming contractual relationships to pre-allocating some funding that can be used for trials,” said Megan Dunsby, Commercial Content Editor, Retail Week. “Many start-ups in the Discovery 50 have implemented pilot schemes within weeks of starting conversations with a retailer, while others have been able to integrate full-scale solutions in a matter of months that have delivered major return on investment.”
Donde Search uses Computer Vision and AI to turn retail catalog images into a highly structured data-set that connects detailed style attributes about products to consumer shopping behaviors, thus improving merchandising, product discovery, and personalization across e-commerce platforms.
“We are honored and proud to be part of this list of innovative companies who develop solutions to drives retail forward,” said Liat Zakay, Founder & CEO of Donde Search. “In these challenging times, we are confident that retailers will invest even more in e-commerce and will require technologies to improve the online shopping user experience and empower consumers with an intuitive and effective product discovery.”
For more information about Retail Week’s Discovery 50 Report Contact Donde or request a demo here.