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Constructor Introduces Quizzes to Increase Personalization for Online Retailers

Constructor, the company building revenue-driving on-site search and discovery solutions, today introduced Constructor Quizzes, a new offering that provides e-commerce retailers with the capability to ask customers questions while they shop online.

Online brands and marketplaces lose $18B annually in cart abandonment. E-retailer websites are set up with a one-size-fits-all approach that guesses and suggests instead of asking shoppers questions like a sales associate would in-store. The Constructor Quizzes on-site questionnaire enables retailers to collect detailed information about customers like their lifestyle activities, shopping preferences, and health and wellness goals to guide search and discovery results across their e-commerce site. As a result, online retailers can drive more conversions and revenue, build stronger relationships, and reduce time to purchase.

“Customers are stuck in analysis paralysis, which hinders their decision-making process during checkout, and retailers have a big part to play in this,” explained Eli Finkelshteyn, CEO and founder of Constructor. “Constructor Quizzes directly applies customer feedback to create individualized experiences for shoppers, narrowing options to only show them the best suited items and driving greater revenue as a result.”

Retailers leveraging Constructor Quizzes can customize the questions they ask customers and the type of data they collect through the solution. Then, leveraging AI and machine learning through the rest of Constructor’s holistic search and discovery platform, answers to the questionnaire create a highly specific, personalized shopping experience that is unique to each customer. Retailers deliver the most personalized results leading to stronger on-site shopping experiences that drive site conversions.

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Deep Learning Basics: Learn How to “Unlock” Your Data

Industry leaders estimate that nearly 80 percent of organizational data is dark – siloed in individual storage locations and buried under outdated or redundant content. As a result, teams often miss critical information needed to drive innovation, improve services and stay ahead of the competition.

This scenario has caused organizations across industries to struggle to make use of their rapidly growing data sets. For example, a hospital creates an average of 50 petabytes of data a year. Of that data, nearly 97 percent of it goes unused. Yet, these organizations still invest significantly in storage and analytics that only get to a fraction of their data. For example, cloud storage spending alone is expected to reach 137.3B by 2025.

When considering deep learning and artificial intelligence, most think of future-looking capabilities like fully autonomous “hands-off” operations. While these capabilities show promise, they are often only implementable for organizations with a very mature machine learning department. However, there are semi-autonomous solutions available where deep learning is making an impact for companies of all stages – particularly in enabling individuals and organizations to unlock and operationalize challenging data sets.

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5 SAP.iO Startups Named Leaders in Retail Supply Chain Sustainability by CB Insights

Congratulations to SAP.iO startups Inspectorio, Roambee, SpecRight, Shippeo & Wise Systems who were among the companies recognized by CB Insights for helping retailers make their supply chains more sustainable with visibility platforms, autonomous ground delivery, and more.

This report looks at the companies helping retailers like Walmart and Amazon make their supply chains more sustainable with visibility platforms, autonomous ground delivery, and more.

Global supply chain leaders have historically prioritized efficiency and cost optimization, but with growing climate concerns and unprecedented supply chain disruption, sustainability has become central to supply chain strategies across industries.

Read Report Here…

SAP.iO Foundry Shanghai’s “Intelligent Manufacturing” cohort startup SunwayLand completes Financing

On June 10th 2022, SAP.iO Foundry Shanghai “Intelligent Manufacturing” cohort startup SunwayLand completed a financing round of 200 million yuan, led by Hangzhou Golden Investment, followed by Cornerstone Fund, SDIC, etc. This financing will be mainly used for product R&D iteration and market expansion, and seize opportunities for digital transformation and localization alternatives.

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The CEO of Gapsquare, Dr Zara Nanu, receives MBE

Dr Zara Nanu, CEO and Co-Founder of Gapsquare, part of XpertHR, has been awarded an MBE in the Queen’s Jubilee Birthday Honours list for services to tackling global workplace inequalities and promoting fairness and inclusion.

 

Zara’s commitment to ensuring diversity and inclusion began in her native Moldova. It was here that she worked to bring an end to exploitative people trafficking rings which forced women into sweatshops. It’s with this same determination that Zara has sought to bring equality to the workplace by founding Gapsquare in 2016; harnessing data and AI technology to help organisations put a stop to biases and prejudicial practices preventing equality.

Gapsquare provides business leaders with actionable insights about their company’s existing pay gaps through their flagship software FairPay® Pro. The organisation has helped over 80 organisations across the UK create fairer workplaces, including working with Wieden + Kennedy, Condé Nast and Accenture.

Zara is taking Gapsquare’s mission to end pay inequality global, working with business leaders to get pay equity on the agenda and implementing the pay technology in the United States.

A leading voice in the campaign for positive change and action, Zara is Chair of the Women in Business Task Group and a member of the Global Future Council on Equity and Social Justice at the World Economic Forum. She has also been recently appointed to the Shinkwin Commission focusing on diversity and inclusion in the workplace.

Zara Nanu, CEO and Co-founder at Gapsquare, from XpertHR, comments: “From my work in Moldova to using technology to tackle inequality with Gapsquare, I have been focused on creating a better world of work, one that has fairness at its core and is not held back by patriarchal structures. It is an honour to have this work recognised and I am incredibly grateful for the nomination. It’s heartening to see this work, and the values it represents, placed firmly on the national agenda.

“But our work is by no means complete, the impact of the pandemic means that the time it will take to close the global gender gap has increased by a generation from 99.5 years to 135.6 years. That is why I am focused on change at a global level, bringing Gapsquare to the US, and continuing to work with our leaders in the UK to deliver meaningful change for a fairer and more inclusive future of work.

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Automated Coaching Platform Cloverleaf Raises $9M in Series A funding to help organizations retain and grow teams

Cloverleaf, an automated coaching technology designed to bring out the best in workers and teams, has closed $9M in Series A funding. The round was led by Origin Ventures with the participation of ScOp Ventures, Mucker Capital, Queen City Angels, Airwing Ventures, 1809 and the JobsOhio Growth Capital Fund.

“Since we debuted in 2018 we’ve seen tremendous positive feedback from teams that use Cloverleaf – over 94 percent of our users reported improved performance,” says CEO Darrin Murriner. “With this new round of funding we can continue to build on that momentum and scale up on both our offerings and functionality, which will help grow our userbase and create more diverse and well-rounded coaching products for current and prospective Cloverleaf users.”

The Cloverleaf team, led by co-founders CEO Darrin Murriner and COO Kirsten Moorefield, is on a mission to help companies develop and retain staff and teams by unleashing their best work. By leveraging respected psychology data from behavioral assessments such as DISC and Enneagram, Cloverleaf helps coach team members through communication and collaboration tools they use every day, including Google Workplace, Microsoft 365, Slack, and Microsoft Teams.

Major organizations like Monster Energy, HP Enterprise and Kroger have turned to Cloverleaf to scale coaching and maximize employee talent. The platform also helps workplace consultants and coaches access unique insights to the way people and teams work, and helps sustain and scale their practice.

“At the heart of Cloverleaf’s mission is to provide managers and teams with tools to help them develop team cohesion, efficiency and understanding,” says COO Kirsten Moorefield. “Cloverleaf is designed with every aspect of the employee life cycle in mind – from hiring to mid-career and even at the end of an employment arrangement. We’ve found that with just one minute of engagement daily, the platform allows everyone to discover their unique talents and skills, and then allows for managers to leverage those skills in ways that are mutually beneficial for employees and team leaders.”

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5 SAP.iO Startups Identified as Leaders in Hourly Employee Management Tech in Consumer & Retail by CB Insights

Congratulations to SAP.iO startups Mercaux, Paradox, Skill Note, RealWear, and 360Learning who were identified by CB Insights as companies helping retailers and brands recruit, train, and retain their hourly employees.

CB Insights identified 170+ hourly employee management tech companies addressing 13 technology priorities, from communications and task management to augmented reality/virtual reality (AR/VR) training, that retailers and brands face. The purpose of the analysis is to provide technology buyers with an overview of the technology landscape and its market participants.

Read Report Here…

Inspiring Innovators: Paula Paw Co-CEO of VersaFleet, On Being Tenacious

At SAP.iO, we work with innovative people and new technologies that positively impact our world every day, and we think it’s time to share their stories with you! In our series, “Inspiring Innovators,” we get to hear how founders, CEOs, and presidents of cutting-edge startup technologies overcame, thrived, and pursued their goals. SAP.iO’s Alexa Gorman sat down to discuss the road to success and lessons learned with some of our most inspiring startup founders.

Meet Paula Paw

Just four days after submitting her last exam paper, Paula Paw was offered a job at VersaFleet. Paula joined VersaFleet as a pioneering team member and played a central role in its growth journey. Graduating from the National University of Singapore with a Bachelor of Arts and Social Sciences, she started her career at VersaFleet in Sales and Marketing. Over the course of 6 years, she was promoted to Senior Sales Executive, Regional Sales Manager, Head of Sales Strategy & Operations Planning, and now leads the company as Co-Chief Executive Officer.

VersaFleet is a transport management software that optimizes route plans and fully digitalizes supply chains, all the way to the last mile. At VersaFleet, Paula now focuses on accelerating VersaFleet’s growth and synchronizing essential company functions, from sales & marketing, product design, and engineering, to finance and people operations. The company’s mission is to provide technology for all transporters — in any industry, market, or country. They built VersaFleet in hopes that the technology would enable the unsung heroes of logistics to get home in time for dinner.

“The goal for the coming years is to establish a stronger market presence so that we can serve the brands that face difficult challenges. When we help them, it will have a trickle-down effect, and the drivers will ultimately benefit; we are hoping to create a better work-life balance.”

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Footprint: How Shoe Sizing Tech is Helping Cut Returns, Costs and CO2

Tom’s special Guests this week are Carolin Kleinert, Co-Founder & CBO Brand, People & Culture, and Onur Ergin, CTO of Footprint. Carolin and Onur discuss the needor better and more accurate shoe sizing- which will limit ecommerce retur fns. Tune in!

During the discussion Tom finds out more about how a digital sizing approach will help customers find the right fit for their favorite brands. Buying shoes online is never going to be easy, but by using Footprint to take a scan of their feet, the customer can order accurate sizes, and in turn avoid contributing to the mountain of returned goods that end up in a landfill each year.

Tune in here!

RealWear Raises $23.5 Million to Turn Successful Industrial Wearable into High Growth Assisted Intelligence Platform Business

RealWear, the world’s leading provider of assisted reality solutions for frontline industrial workers, announced that it closed its Series C for $23.5 Million. Led by Foundry Group, the new raise enables RealWear to shift and expand from a hardware-centric to a platform-centric company, creating even deeper connections to, and value for, its global customers.

“The funding marks the next stage of growth for the business, as we provide technology for frontline workers toward a vision of assisted intelligence where contextual data for the frontline leads to better decisions, ultimately improving operational productivity and safety,” said Andrew Chrostowski, Chairman and CEO, RealWear.  “In addition to building new hardware, we will use these new funds to grow a unified software and services platform across our human-centric wearable products.  Expect more game-changing tech to come.”

Currently, 41 of Fortune 100 companies are using RealWear devices for business resiliency, productivity, training and employee engagement including Mars Petcare, Goodyear, Colgate-Palmolive and ExxonMobil. RealWear partners will be able to tie into our cloud systems to improve their understanding of app performance and aggregate device utilization.

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The Take: With Tighter Purses, VCs Look Kindly on Startups with Customers

The days of easy money for startups are waning. In the first quarter of this year, investor funding commitments were down 19% from the prior quarter, the largest percentage decline in nearly eight years, according to analytics firm CB Insights.

Inflation and rising interest rates have made money more expensive. Investors are telling startups to reduce spending to ensure that they can survive if they cannot raise more money over the next two years. That has led many in the tech space to lay off employees or reduce non-essential spending.

SAP’s Take

With the focus now on producing real business value, programs that offer immediate access to customers are more desirable to startups that need to succeed. The SAP.iO program helps new, innovative business-to-business (B2B) companies scale and grow. With access to customers and the ability to scale, startups can be more confident in securing their next round of funding.

These B2B workhorse startups are less likely to ever capture the attention of the consumer. But their ambitions are similar: to become big and successfully build better products to help their customers thrive.

“Startups are seeing the value of working with SAP,” said Alexa Gorman, senior vice president of SAP.iO, “because of the access to our customer base that we’re able to give them globally and different markets across all industries.”

Most of the participating startups are headed by founders that have deep industry expertise and have decided to make a leap out of the corporate world and launch something based on their experiences.

“What I’ve seen are VCs [venture capitalists] that are not willing to take huge bets on an unproven new way to solve the challenge that businesses are facing today,” Gorman said. “A lot of companies are being founded with customers or with a target list of potential customers before they even launch.”

SAP.iO selects startups that already have seed funding, with the sweet spot having received Series A or Series B funds. They usually have their first corporate customers, a team in place, “and they’re ready to scale, and that’s where we can help them,” Gorman said.

“They fit where we see customer demand for solutions that we don’t necessarily have in our portfolio,” Gorman explained. “So, the companies that we work with are going to be future SAP partners.”

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2022 Global Startup Ecosystem Index Report Recognizes SAP as a Leading Corporate Innovator

Recently released, the 2022 Global Startup Ecosystem Index Report, produced by StartupBlink, ranks the Startup Ecosystems of 1,000 cities and 100 countries. SAP was recognized as a leading corporate innovator in Germany alongside Siemens, and Bosch. In this report you can discover the latest startup ecosystem trends by region and across 12 industries, read in-depth case studies on some of the most exciting and fastest growing ecosystems, and find out how your city and country rank globally in comparison to neighboring ecosystems.

Access the report here…

SAP.iO Startups Supporting Employees’​ Mental Health

Mental health is a vital part of our overall health; a fact that has been undervalued historically. With the growing number of individuals experiencing symptoms, it is important to advocate and provide solutions that will help improve people’s lives. May is Mental Health Awareness month, where we take time to reflect on what that means for ourselves, our family, our friends, and our colleagues. At SAP, the Executive Board set aside May 31st as SAP Mental Health Day 2022, in line with SAP’s ongoing ‘Are You OK?’ Mental Health Initiative. This day is an opportunity to switch off from work, rest, reflect, and dedicate time for self-care.

As we navigate the pressures of a fast-paced ever-changing world, we must keep mental health a priority. I think there is an opportunity to provide the help necessary for all to thrive with the proper attention. Like SAP, many enterprises are now making mental health a priority; after all, you want the best for your employees and want them to reach their full potential so that you can achieve great things together. At SAP.iO, we work with founders who have identified a need for greater focus on mental health and have launched businesses with innovative solutions and resources to address it.

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