Retail analytics and pricing intelligence leader Intelligence Node today announced that it has been included in the Forrester Tech Tide report.
Online PR News – 08-June-2021 – San Francisco – Retail analytics and pricing intelligence leader Intelligence Node today announced that it has been included in the Forrester Tech Tide report on AI and Analytics for Retail, Q2, 2021. Intelligence Node is proud to be included in a Forrester Research Report for the third time since 2019.
In this Forrester’s Tech Tide Report, the global research firm analyzes the maturity and business value of the most commonly implemented or discussed categories in retail technologies that support AI and analytics. Digital business professionals should read this report to shape their retail firm’s investment approach to these technologies.
As a leader in price optimization solutions, Forrester included Intelligence Node under its Pricing Optimization technology category featuring vendors incorporating AI and analytics in their retail solutions. Intelligence Node’s pricing optimization analytics powered by patented, AI-driven algorithms, are comprehensive, offer 99% accuracy rate, and 10-second data refresh rates, making them one of the trusted eCommerce pricing optimization and dynamic pricing solutions for global brands and retailers.
Forrester identifies Pricing Optimization as both high in maturity and high in business value, making it a commonly sought after solution amongst digital-first brands & retailers.
As quoted in the report, ”In 2020, 55% of data and analytics technology decision-makers in retail and wholesale said that their firm had implemented pricing analytics. Automation and intelligence around pricing promise to make the jobs of retail buyers and planners faster than ever and should enable them to focus on higher-value tasks like selecting and crafting better assortments or pricing new products more effectively”.
“We are proud to be recognized in Forrester’s Tech Tide report as a technology vendor offering AI & analytics for the price optimization category,” said Sanjeev Sularia, CEO, Intelligence Node. “We agree with Forrester’s assessment that AI-driven pricing optimization solutions like Intelligence Node are high in business value and maturity. In today’s hyper-competitive retail environment, where it is hard to differentiate, the competitive advantages of embedded machine learning to deliver pricing and promotion insights in real-time are key to winning new clients and accelerating growth.”
The full Forrester Tech TideTM: AI And Analytics For Retail, Q2 2021 is available to Forrester subscribers or for purchase.
About Intelligence Node
Intelligence Node is a real-time retail price optimization and competitive analytics platform that empowers businesses to drive product level profitability and grow margins using data-driven competitive insights. Leading as a premier independent data powerhouse, it has created the world’s largest pricing dataset with unmatched accuracy - feeding the growth of more than $600 billion in retail revenue globally. Intelligence Node’s proprietary AI-driven algorithms are packaged in an intuitive and beautiful user interface, simplifying onboarding by providing easy-to-use plug & play capability. It is the platform of choice for hundreds of retailers and brands worldwide, including category leaders like Nestle, LIDL, Lenovo, Clos19, and many others.
For more information, please visit http://www.IntelligenceNode.com and on Twitter @bigdataNODE.