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VR platform aims to give retailers entry into the metaverse

Through a partnership with SAP, Obsess integrated the e-commerce platform within its virtual stores to create an interface that engages young consumers.

A virtual store platform looking to provide retailers with an entry point into the metaverse has partnered with e-commerce provider SAP.

The goal of Obsess, a New York City-based startup, is to change online shopping in a way that reaches the younger generation and enables retailers to sell most of their core products through virtual environments.

Obsess worked with SAP to integrate an e-commerce platform within its virtual stores and create a discovery interface that engages young consumers.

Through the partnership, Obsess and SAP customers can create digitalized shopping venues that could be different from or similar to actual stores. Consumers enter a 3D world online and can engage more immersively with a retailer in the comfort of their home or outside of their home.

“We are bringing that gamification-like interface to the shopping experience,” Obsess CEO and founder Neha Singh said.

Not all Obsess customers have 3D models of all their products. Instead, the company has a proprietary and patented technology that can take e-commerce images from Google APIs and create an immersive experience. Once a consumer clicks on a product, they get the same information they would see on a typical product detail page.

“The purpose of these virtual experiences primarily is to aid discovery,” Singh said. “If you think about when you go to a retail store, you are looking around — you’re immersed in the brand, you’re browsing. All of those elements are what we are trying to bring into the e-commerce experience, because today that discovery is typically not happening on a retailer’s e-commerce website.”

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SetSail Named One of G2’s Top 50 Sales Products of 2023

SetSail, the sales data platform that helps revenue teams do what wins, has been named to G2’s 2023 Best Software Awards on the Sales Products list. As the world’s largest and most trusted software marketplace, G2 is visited by 80 million software buyers each year. Its annual Best Software Awards rank the world’s best software companies and products based on authentic, timely reviews from real users. SetSail received G2’s Best Software Award recognition for helping revenue teams see every rep activity, know what’s effective, and drive behaviors that accelerate growth.

“This award is a testament to the success our customers are having,” said Haggai Levi, CEO of SetSail. “With tougher selling environments, revenue teams have to maximize the performance of their sales teams. Using a sales data platform helps them see what wins and quickly build a formula for faster revenue.”

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Bidgely EV Solution singles out high peak-charging EV drivers for incentive programs

An increasing number of utilities are offering time-of-use rate plans and other incentives to encourage EV owners to do their charging during off-peak hours. But what if a utility had a way to single out the troublemakers, identifying individual EV drivers who often charge during peak times in order to educate them about available incentive programs?

That’s what software provider Bidgely is offering with its Active Managed Charging feature, part of its UtilityAI EV Solution. Active Managed Charging (direct load control) is now part of Bidgely’s end-to-end EV Solution, which also includes EV Detection and Targeting, EV Passive Managed Charging (behavioral load shift) and EV Grid Analytics.

The company says Active Managed Charging can be launched in just weeks without data integration, as a turnkey standalone application. Over 25 OEMs are available for data connection, and 7 are available for active control: Ford, Hyundai, Jaguar, Land Rover, Toyota, Tesla and VW.

Bidgely’s EV Solution targets high-peak charging customers for incentive programs using its proprietary EV disaggregation technology. The company says its system can identify customers with EVs on the grid with 90-percent accuracy, and provide behind-the-meter visibility into their charging behaviors. This allows utilities to target their highest-value customers for load-shifting programs.

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How SAP, Mention Me Enable Puma to Market Through Customer Data

During last month’s NRF Big Show, executives from Puma and Mention Me took to the SAP Theatre stage to discuss marketing strategies in this post-pandemic period. The session, titled, “How Smart Brands Future-Proof Growth through Customer Advocacy,” featured David Witts, senior manager, CRM, Puma, and Darren Loveday, vice president, business development and solutions consulting, Mention Me.

Read the full story in WWD

Mercaux Pulse of Retail report showcases retailers’ digital transformation strategies in 2023

The latest edition of the annual Pulse of Retail report, exploring the strategies of leading retailers for the upcoming year, was officially released at last week’s NRF 2023 event in New York.

The Mercaux offering, which surveyed more than 500 retailers, has for the first time been jointly commissioned by fellow MACH Alliance members, Fluent Commerce, commercetools and Orium.

According to the research, the top technologies in “launch phase” are centered around customer experiences, with 87% of retailers focusing on this area during 2023.

Additionally, the survey found that composable architectures are important for 91% of respondents, suggesting that retailers are recognizing the need for flexibility and scalability in their technology systems, in order to quickly adapt to changing customer needs and market trends.

Meanwhile, transitioning from legacy to next generation Point of Sale (PoS) systems is important for 79% of retailers.

However, the survey revealed that just 11% of retailers currently offer a frictionless omnichannel experience, where customers can seamlessly transition from shopping online to in-store, and vice versa.

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Zippin Walk-Up offers accessible way to deploy checkout-free locations with no CapEx

Zippin has launched Zippin Walk-Up which allows food and beverage counters to turn into checkout-free locations without changing the equipment already in place.

The company says that minimal construction is required, and existing stands can be converted in just days. An all inclusive monthly subscription starts at under $4,000 with no upfront CapEx.

Zippin says: “We’ve launched 83 stores to date and our customers are experiencing the significant business benefits that come with the speed, accuracy, and efficiency of checkout-free.”

“These include revenue increases of up to 78%, per-caps increases of over 60%, and average check sizes going up by 15%. With Zippin Walk-Up, all these benefits can be achieved with a lower upfront investment, faster deployment, and no CapEx requirements.”

It continues: “Our goal is to enable forward thinking businesses to invest in the technology that’s best for their customers and begin seeing results immediately.”

“The speed that Zippin Walk-Up offers retailers opens up new verticals wanting to deploy frictionless shopping in more spaces: truck stops, food courts, campus dining, stadiums, and more, can go fully frictionless with Zippin Walk-Up.”

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Inspiring Innovators: Chandralika Hazarika Co-Founder of BigThinx, On The Right Place, The Right Time.

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 leaders 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 Chandralika Hazarika

 

Having someone anticipate your needs before you ask is something of a talent. Waitstaff that refills your glass at a restaurant without being asked, a business offering umbrella’s on a day you’ve forgotten yours, or a friend that drops by with coffee on the morning you’ve run out. Being able to think ahead and predict what your family, friends, or even customers might need is a tricky skill to manage, but useful. Sometimes it is a case of the right place and the right time, as it was with our next inspiring innovator Chandralika Hazarika. Her unique combination of skills and strategic vision allowed her to anticipate a need in the marketplace BEFORE it became critical, thus allowing her company to come ready with a solution as soon as it was sought. Most useful indeed.

With more than 15 years of branding and marketing experience, Chandralika turned her attention to entrepreneurship with a focus on building digitally empowered brands. An architect by education, she always wanted to do something on the creative side of the business with people. While she worked as a branding manager, she gained experience understanding design and working with technical people.

In an instance of the right place, right time, Chandralika met her future co-founder, Shivang Desai, by chance in Bangalore when he was searching for tech talent. With a background in finance and strategy, Shivang had already started three technology companies. The two realized that their strengths were completely different but complementary; thus coming together to create something new would have a great chance of success. Looking to build simple, intuitive high-tech products that are quickly adopted, they came together to form Bigthinx in 2016.

Bigthinx is an artificial intelligence company building software for online fashion retailers, using mobile body scanning, virtual try-ons, and digital twins. Their technology creates a 3D body scan using two full-body photos for precise instant apparel size and fit predictions, creating a personalized virtual avatar that is a digital replica and automates the production of 3D digital clothing from catalog photos at scale. This technology enables try-ons of any clothing virtually to see how it would look and fit as if in reality. These quick, easy, and impactful virtual shopping experiences drive significant reductions in returns and increased conversions for online retailers. Bigthinx works with the world’s largest retailers and fashion brands in the US, Europe, and Asia.

“When you know the body data, that can be shared with the designers, so they design better for the body types in that region. You know, it’s all about impacting the whole supply chain beyond just reducing returns. And in doing so, we would influence fashion design, reduce waste, and create happy retailers and customers!”

At Bigthinx, Chandralika continues to build new ways to put consumers first, still looking to anticipate their needs before they ask. In addition, she is a fashion design enthusiast and owns a fashion label called Velvet Piano. If all of this were not enough, Chandralika also received the distinguished Accenture “Women in Tech” 2021 award.

Get more highlights from the interview here!

Customers and Online Shoe Retailers Put Their Best Foot Forward for Climate

It can be difficult to buy a pair of shoes online, and if you have a high instep, wide feet, or a bone spur, the problem is exacerbated. It is common for customers shopping online to buy two sizes of the same model so they can try them on at home and return the pair that doesn’t fit.

The size of the problem is considerable, with half of all shoes bought online being returned. The primary reason for these returns is a poor fit or wrong size — a staggering 75%!

There is a significant cost to these returns. In Europe alone, 330,000 tons of CO2 emissions are created every year by people returning shoes. Returns and re-shipments cost the industry €10 billion annually and cost customers a cumulative 275 million hours — an average of 32 minutes per return — per year. And this doesn’t account for the amount of waste that is generated, including the additional packaging involved and items that are returned but cannot be resold.

On the customer side, some people only discover a pair of shoes doesn’t fit well when they wear them out for the first time, after which they are unable to return them. What happens to these shoes? Some will be listed on peer-to-peer secondhand sites but others will sadly go to landfill, where 22 billion pairs end up each year.

The global online footwear market is thriving, with a market size valued at US $99.1 billion in 2021 and a predicted growth rate of 6.8% from 2022 to 2028. According to a study by Quantis, the footwear industry currently responsible for 1.4% of global greenhouse gas (GHG) emissions. Additionally, 77% of people believing the shoe industry should do more to reduce its level of waste. The market is crying out for an innovative approach to scale down waste.

Enter German startup Footprint Technologies. The company has stepped up to the challenge of reducing waste in the footwear industry through the development of an innovative solution that benefits the customer, the planet, and the industry as a whole.

Using technology based on artificial intelligence (AI), shoppers can now scan their own feet to a high degree of accuracy and match it to find the perfect fit model and size of shoe.

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Deepgram lands new cash to grow its enterprise voice-recognition business

Deepgram, a company developing voice-recognition tech for the enterprise, today raised $47 million in new funding led by Madrona Venture Group with participation from Citi Ventures and Alkeon. An extension of Deepgram’s Series B that kicked off in February 2021, led by Tiger Global, it brings the startup’s total raised to $86 million, which CEO Scott Stephenson says is being put toward R&D in areas like emotion detection, intent recognition, summarization, topic detection, translation and redaction.

“We’re pleased that Deepgram achieved its highest-ever pre- and post-money valuation, even despite the challenging market conditions,” Stephenson told TechCrunch in an email interview. (Unfortunately, he wouldn’t reveal what exactly the valuation was.) “We believe that Deepgram is in a strong position to thrive in this tougher macroeconomic environment. Deepgram’s speech AI is the core enabling technology behind many of our customers’ applications, and the demand for speech understanding grows as companies seek greater efficiency.”

Launched in 2015, Deepgram focuses on building custom voice-recognition solutions for customers such as Spotify, Auth0 and even NASA. The company’s data scientists source, create, label and evaluate speech data to produce speech-recognition models that can understand brands and jargon, capture an array of languages and accents, and adapt to challenging audio environments. For example, for NASA, Deepgram built a model to transcribe communications between Mission Control and the International Space Station.

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Web-Store Plugin Reduces CO2 Footprint of Online Shoe Shopping

Currently more than 50 % of all shoes purchased online are returned, most of them due to an improper fit. Fashion Industry company Footprint Technologies and SAP are going to change that. Their cloud-based Artificial Intelligence solution helps online shoe buyers to find their perfect fit, on the first try. The footprint app is installed into online shoe retailers’ web-shops, using SAP Commerce Cloud as a proven connector. Online retailers increase their profitability by minimizing size- and fit-related returns, customers are happy and the planet benefits from saving CO2 emissions and packaging waste.

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Help Holiday Shoppers Shop with Retail Solutions on SAP Store

This holiday season, consumers are more budget conscious than ever as they react to inflation – and smart retailers are harnessing all the tools available to keep sales up while spending goes down. A seamless shopping experience across channels, simplified product discovery that anticipates buyer needs, price optimization – these are all essential to building customer loyalty and repeat purchasing. And savvy retailers have recognized that the ability to respond to overnight shifts in consumer behavior can be achieved only with the agility enabled by the cloud.

Cloud Solutions for the Agility You Need to React and Respond

With these innovative solutions, SAP and our partners can help you maximize opportunities now during the busiest shopping season and gain momentum for the year ahead. On SAP Store, you’ll find a wide range of solutions that you can try, buy, and deploy quickly. SAP rigorously validates partner solutions for quality, interoperability, and a similar look and feel for usability and fast adoption. Check out these cloud solutions for retail today.
Coveo Search and Recommendation for SAP Commerce – Online buyers can easily and quickly find what they’re looking for, as well as personalized recommendations for what they might be looking for, with this AI-powered industry cloud solution. When shoppers can discover more options in an online product catalog with automated suggestions based on their intent, they tend to buy more.
EcoCart Carbon Neutral Orders – With this solution, your customers can opt to offset the environmental impact of their orders at checkout with a single click and add 1-2% to their total – which can boost conversion and customer loyalty while strengthening your brand. In addition, EcoCart Plus can help you build and execute a comprehensive sustainability strategy.
Retail Suite – Everyday Price by Eversight – Drive sales growth and margins through dynamic AI-powered price optimization with this industry cloud solution that integrates with the SAP Customer Activity Repository application. Even as the cost of goods increases and shopper preferences change, you can set the right price at the right moment by experimenting and benchmarking against the competition – using your own business rules.
Recommerce Management System by Loop Logistics – Shoppers can rent, resale, or buy secondhand products thanks to this solution, which lets you make use of unsold products without discounting or destroying them. This solution, accelerated with the SAP.iO strategic business unit that invests in start-up innovation, helps retailers reduce environmental impact and generate new revenue streams.
Mention Me – This referral marketing platform uses unique data sets to build dynamic conversion programs, helping you increase customer loyalty and advocacy. It harnesses customers’ enthusiasm for your brand and gathers first-party data that allows you to see the true lifetime value of a customer’s propensity to refer. Development of Mention Me was accelerated by SAP.iO.
MyWave.AI Intelligent Personalization Platform – This solution combines AI, personal data, and proactive automation to deliver intelligent personalization at scale. Based on customer preferences in the context of past behavior and intent, MyWave.AI dynamically offers relevant products or advertising along with intelligent cross- and up-sell options.
Threekit 3D and Augmented Reality – This visualization platform allows brands to offer immersive experiences to their customers, who can view, spin, build, and customize products to their specifications. The enhanced product experience gives customers confidence in their selection, increasing conversion rates and reducing returns.
SAP Intelligent Returns Management – Optimize your margin on returns and enhance the customer experience by guiding them through a smooth product return that keeps them engaged and updated throughout the process. The solution also helps you identify key trends early and mitigate issues to drive correction actions and optimize assortments and price points.
SAP Omnichannel Promotion Pricing – This solution enables consistent pricing for promotions across all sales channels, calculating effective prices for a product or set of products by applying promotional rules. The result is a consistent buying experience across the Web, sales order, point of sale, and so on. An administration service deletes obsolete prices and promotional rules.
Zoovu Conversational Assistants for SAP Commerce & Sales Cloud – This solution for product discovery makes it easy to find, evaluate, and buy by bringing context to the search. It guides the buyer through the process with relevant questions and interactive buying advice. Conversational assistants enrich product content automatically with industry-specific taxonomies and work across all industries.
You can find the full list of cloud solutions from SAP and our partners for retail on SAP Store here, many available for a demo or free trial.

Public sector drives strong demand for conversational AI, with 2.7M+ users served on the Yellow.ai platform

With governments across the world working to enable broad-scaled digital transformation, public sector organizations are increasingly gravitating towards the adoption of Conversational AI solutions to redefine the citizen experience. According to data released by Yellow.ai, a leading enterprise-grade Conversational AI platform, the company has served over 2.7M unique users for its government sector clients worldwide.

Recently mentioned in the Gartner Hype Cycle for Digital Government Services, 2022, under the chatbot category, the company works with key government departments across countries. The Yellow.ai platform has recorded an exchange of over 79M messages focused on citizen delivery services, exchanged between its Dynamic AI agents and end-users during over 5M sessions.

Raghu Ravinutala, CEO & Co-founder, Yellow.ai said, “Public sector organizations need to address numerous queries daily, and doing so manually is a time-consuming task. At the same time, citizens have a growing expectation of being able to conveniently avail government services. That’s where Conversational AI can step in to improve efficiency and human productivity, streamlining the process of delivering citizen services digitally while keeping humans in the loop. We have seen a huge surge in traction from government agencies across countries and our deployments are helping address some very unique use cases by bringing power to citizens’ fingertips on channels that they actively use. With continued emphasis on digitization, we expect Conversational AI to soon become an integral pillar in delivering stellar services to citizens.”

While text-based messaging channels are the preferred medium for citizen delivery services, the company is also seeing voice-based Conversational AI solutions gain momentum. The major use-cases, as observed, are for automating customer support, filing documentation related to government entities, booking services, raising complaints, making payments, and locating branches and offices, where the most traction is being witnessed on channels such as WhatsApp.

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How Startup FindMine Leverages AI to Lift E-Commerce Content, Revenue

Anyone who’s ever run a website can relate to the challenge of populating that site with an adequate supply of quality content that will keep an audience coming back and support the business’ revenue goals.

That challenge is especially applicable to businesses such as apparel, home decor, and beauty products, where manufacturers and retailers alike must present an adequate amount of content in ways that will engage those visiting their sites.

For example, an article of clothing may catch a site visitor’s eye, but it’s possible to get them more interested if they can see that clothing with various combinations to find one that appeals to them. The process of building those combinations is quite challenging.

A startup named FindMine is looking to solve the problems in this scenario: the ability to create combinations in a scalable way and, in so doing, improve the “shoppability” of a website to make it more robust — from a customer experience point of view and a business point of view. And to do so in ways that accurately reflect the brand’s value proposition.

FindMine built an artificial intelligence (AI) engine that builds these combinations and presents them to visitors. The company started, in part, because CEO Michelle Bacharach was personally frustrated by the need to create combinations herself for a variety of products. And, through experience as a product manager, she understood the importance of removing friction from the buying process.

“Every company in retail sells one product at a time. Think about how you use stuff: You don’t wear a shirt with no pants and no shoes,” Bacharach says. “In my life as a consumer, I always wondered, why is this so annoyingly hard?”

FindMine launched its product in 2016. The New York-based company, part of the SAP.iO startup accelerator program, has secured venture capital funding of $10 million. FindMine has 30 employees and has built an impressive roster of global brands as customers.

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Virtual Store Platform Obsess Introduces First-of-Its-Kind

New Industry Innovation Enables Any Brand to Create Its Own Customized Metaverse Experience. Charlotte Tilbury Is First Partner to Launch “Branded Avatars” as Part of Its Immersive Holiday Shopping World.

Obsess, a leading experiential e-commerce platform enabling brands to create immersive virtual stores, today launched “Branded Avatars,” a first-of-its-kind industry technology that enables brands to customize the look-and-feel and character style of shopper avatars to create branded metaverse experiences on their e-commerce sites. The new capability then lets shoppers personalize all aspects of their branded avatar, including skin tone, facial features, body shape, clothing and makeup.

Charlotte Tilbury is the first brand to partner with Obsess to offer the innovative new functionality, introducing it as part of its Charlotte’s Beauty Realm holiday wonderland to further personalize the virtual store experience and deepen its connection with customers.

While consumers could create avatars in mobile apps and gaming environments previously, Obsess’s new technology represents the first-time shoppers will be able to customize their own avatars in a browser-based virtual store environment—with no download, signup, login or fee required. The function also allows shoppers to apply complete makeup looks to their avatars for the first time ever, giving brands the opportunity to curate unique beauty looks for their customers.

In addition, the new function enables friends to shop and attend events together in real time with their friends’ avatars. Shoppers can use their personalized avatars to walk through and experience the virtual environment together, discovering, learning about and purchasing products, all while interacting and conversing in real time.

“Innovative brands have been looking to incorporate more personalization, gamification and social interactivity into their virtual store experiences to make shopping in these environments more engaging, social and fun—essentially more like shopping in real life,” said Neha Singh, Founder and CEO of Obsess. “We’re thrilled to launch this industry-first innovation and to push avatar technology forward for all consumers outside of gaming environments. Our platform now enables brands to create their own custom metaverse on their site—where both the environment and avatar style match the brand’s look-and-feel—to give consumers an unforgettable shopping experience.”

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WeGift wraps up £26 million series B for gift card APIs at global brands

Incentive marketing startup WeGift has closed its series B round at £26 million, with backing from fintech VC CommerzVentures among others.

WeGift’s API-driven software platform is used by Nike, Airbnb, and Aldi together with some 100 other brands to easily disburse gift cards online, allowing end-customers to buy them as gifts or as loyalty rewards from a third-party business.

Last month, WeGift surpassed the 120-employee milestone and it’s now readying its “all-in-one” gift card platform for further overseas expansion, with software that immediately loads gift cards with the right foreign currency.

Incentive marketing startup WeGift has closed its series B round at £26 million, with backing from fintech VC CommerzVentures among others.

WeGift’s API-driven software platform is used by Nike, Airbnb, and Aldi together with some 100 other brands to easily disburse gift cards online, allowing end-customers to buy them as gifts or as loyalty rewards from a third-party business.

Last month, WeGift surpassed the 120-employee milestone and it’s now readying its “all-in-one” gift card platform for further overseas expansion, with software that immediately loads gift cards with the right foreign currency.

In the series B round, Element Ventures led with further commitments from AlbionVC, Clocktower Ventures, Volution Capital and SAP.

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