GroupBy Launches Enrich AI: Revolutionizing Product Data Attribution with Advanced AI and Proprietary Global Taxonomy
13 Agosto 2024 - 6:55AM
Business Wire
GroupBy Inc., a leading provider of AI-first Search and Product
Discovery solutions for B2C and B2B retail, today unveiled Enrich
AI, a cutting-edge product data enrichment platform designed to
revolutionize product information management. Leveraging
sophisticated generative AI algorithms and GroupBy's years of deep
retail expertise, Enrich AI empowers retailers to create rich
shopping experiences with enhanced product data - driving
substantial revenue growth. "Enrich AI represents a quantum leap in
data enrichment and product data management," stated Roland
Gossage, CEO at GroupBy. “By seamlessly integrating advanced AI
with our deep domain expertise in retail, we are delivering a
solution that addresses the critical challenges retailers face in
managing and optimizing their product data. This sophisticated
self-serve platform enables B2C and B2B retailers to achieve
unprecedented levels of data accuracy, consistency, and
completeness, ultimately optimizing search relevance, merchandising
effectiveness, and overall business performance."
Enrich AI harnesses the power of AI to revolutionize product
data management. By automating complex data enrichment tasks,
Enrich AI accurately extracts, standardizes, and enriches product
data based on attributes, descriptions, and images at scale. This
streamlined process minimizes costly errors, accelerates
time-to-market, and frees up valuable resources for strategic
initiatives, while making it easier for retailers to manage their
catalogs.
Moreover, Enrich AI leverages GroupBy's extensive proprietary
Global Taxonomy Library to ensure consistent and accurate product
categorization. By applying a robust, industry-specific taxonomy,
developed by GroupBy’s breadth and years of experience working with
various retail verticals, retailers can enhance product
discoverability, improve search relevance, and optimize
merchandising efforts. This granular level of product
classification empowers retailers to deliver highly targeted
attributes and values for product recommendations and personalized
shopping experiences.
To further enhance data reliability and integrity, Enrich AI
employs advanced algorithms to detect and correct errors,
inconsistencies, and missing information within product data. By
improving data quality, retailers can reduce costly returns,
enhance customer satisfaction, and build trust in their brand.
Ultimately, by optimizing product discoverability and driving
business growth, Enrich AI enables retailers to improve the quality
of their data, personalize customer experiences, and increase
customer satisfaction. With enriched product data, retailers can
unlock new revenue streams, gain a competitive advantage, and
thrive in today's dynamic retail landscape.
Key technical features of Enrich AI include:
- Advanced AI Algorithms: Utilize state-of-the-art
generative AI models for accurate and efficient data
enrichment.
- Product Attribute Intelligence: Fast and efficient
attribute enrichment from product image and text data in a single
step.
- Deep Retail Expertise: Built on a foundation of industry
knowledge and best practices across retail verticals.
- Taxonomy Enrichment: Manage taxonomies tailored to
specific product categories based on business needs.
- Product Catalog Management: Automated management of
catalogs to maintain enrichment for products that churn.
- Robust PIM/PXM Integration: Seamlessly integrate with
existing product information management systems.
- Quality Assurance: Automated data quality checks ensure
data accuracy and consistency through continuous monitoring and
validation.
- Product Transformations: Involve humans in the loop to
quickly curate and edit product values across the catalog.
- User-Friendly Interface: Empower users with intuitive
tools for easy data management and enrichment.
- Simplified Integration: Seamlessly access Enrich AI
functionality directly from the GroupBy Command Center, eliminating
the need for manual data injection and streamlining the enrichment
process.
- Expert support: Access professional services for
seamless catalog implementation and data enrichment aligned with
the proprietary Global Taxonomy Library.
By combining AI-powered precision with GroupBy's deep retail
expertise, Enrich AI delivers unparalleled product data enrichment
capabilities. Retailers can now unlock the full potential of their
product data, gain a competitive edge, and drive long-term business
success.
About GroupBy
Founded in 2013, GroupBy is an eCommerce Search and Product
Discovery SaaS technology provider that powers some of the largest
B2B and B2C brands. GroupBy's AI-first composable platform is
bringing next-generation search technology to retailers worldwide,
helping to bridge the gap between consumer and merchant. Powered by
Google Cloud Vertex AI Search for Retail, the platform consists of
Data Enrichment, Search and Recommendations, Merchandising, and
Analytics and Reporting providing eCommerce merchants with access
to a powerhouse of products and services designed to enhance the
digital customer experience. Built on AI fundamentals, the GroupBy
platform is transforming eCommerce merchandising from rule-based to
revenue-generating, optimizing productivity and efficiencies, and
reducing time to market, allowing retailers, wholesalers and
distributors to focus on business strategic initiatives that drive
revenue. To learn more about how GroupBy is shaping the future of
eCommerce visit www.groupbyinc.com and follow us on LinkedIn,
Twitter and Instagram.
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Brianna LaRouche blarouche@trevelinokeller.com