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Inspectorio Introduces World’s First Generative AI-Driven Supply Chain Management SaaS Product

Inspectorio, the leading AI-powered SaaS solution for supply chain organizations, continues to break barriers in the supply chain industry with today’s introduction of the Inspectorio CAPA recommender, the world’s first ChatGPT-driven generative AI tool to assist brands, retailers, suppliers, factories, and others with supply chain management.

“As a pioneer in the supply chain field, Inspectorio is leading the way into a new era of generative AI, where physical and digital worlds converge. The industry-first launch of the CAPA recommender furthers our mission to streamline processes, accelerate supply chain performance, inspire innovation and push technological boundaries, enabling our clients to be more efficient and collaborative across their ecosystem,” said Carlos Moncayo, CEO of Inspectorio.

The AI-powered CAPA recommender tool unlocks unprecedented efficiency and effectiveness improvements by addressing critical pain points in the quality control process, specifically related to the research, validation and development of corrective action plans.

Leveraging data from across its supplier ecosystem, the CAPA recommender marries collaborative intelligence with generative AI to deliver proven guidance on corrective and preventive action, reducing the need for time-consuming manual investigations. Its benefits include:

  • Detecting patterns and trends from historical data and the Inspectorio ecosystem
  • Identifying the root causes of defects or non-conformities in products
  • Improving the speed and quality of proposed corrective actions and preventive action plans
  • Providing personalized automated recommendations, reducing the time and cost of manual investigations
  • Enabling greater transparency, trust and reputation management among all partners

Brands, retailers, suppliers, and factories will experience the enhanced supply chain performance, streamlined operations, and accelerated decision-making that is ultimately required to thrive in today’s rapidly evolving market.

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Stephanie Benedetto Leads the Charge on Deadstock

Stephanie Benedetto is leading the industry in circular fashion as the co-founder of Queen of Raw, an award-winning software that takes action on excess inventory, measures, and reports, and turns pollution into profit. This week, Benedetto joins a CFDA webinar on designing with deadstock to share her insights on the current landscape of this market and the opportunities and benefits of working with excess fabric.

What prompted you to start your business, Queen of Raw?

I had a factory and saw firsthand the massive amount of waste and breaks in complex supply chains. There are valuable resources sitting in warehouses collecting dust or being burned or sent for combustion. And organizations all over the world are looking for access to these materials. I realized this is just a supply-demand mismatch and we could use technology to bridge the gap, across industries and around the world. I left my job as a Wall Street attorney to tackle the problem head on and to build a solution for people, planet, and profit!

Can all brands (big or small) begin using deadstock as part of their design practices?

There is no company too big or too small to take advantage of integrating rescued fabrics into their designs – or to sell excess inventory that is no longer needed. We have large enterprise clients with millions of meters of high-quality materials which match well with other large brands looking to create entire deadstock collections. And we have smaller designers looking to create limited edition deadstock pieces but can’t commit to large, expensive orders.

Leveraging our proprietary software, Materia MX, they can get access to what they need, when they need it and drive the project from start to finish!

Realizing that all change is good change, we also offer a more basic membership in our software and network for smaller businesses who are looking to sell or purchase excess inventory but don’t need comprehensive ESG reporting or global supply chain integrations and inventory management.

Read More of Stephanie Benedetto and CFDA’s interview here…

SAP Startup Spotlight: Zoovu

E3zine has selected the most exciting companies to showcase in our SAP Startup Spotlight Series. In this article, we will take a look at Zoovu, which is now an SAP industry Cloud Solution Partner.

Lamees Butt is the SVP Of Global Alliances and Channels at Zoovu where she spearheads strategic technology partnerships and relationships. She has over 10 years of experience in shepherding digital transformation efforts and forging partnerships at companies like Mercedes-Benz UK, Salesforce, and Zoovu. Butt’s passion for innovation in the digital space focuses on the belief that when technology is leveraged strategically, its ability to create value for businesses and their customers is truly transformative. She is based out of London, UK.

What is Zoovu and what do you offer?

Zoovu is an AI discovery platform and the future of B2B selling.

Historically, B2B organizations sell their complex product SKUs sets directly through sales representatives or account managers—most organizations are still operating in this 1:1 framework that is frankly outdated for today’s digital-first buyers. This process is limiting and not scalable in a world where we are being asked to do more with less, and buyers expect a better overall customer experience that is not just customer-centric, but digitally driven.

Zoovu intelligently augments this process by digitizing the sales process. Our platform connects multiple data sources from the back office to transform technical product information into customer-centric content to power discovery through guided selling and configuration conversations across commerce channels. These experiences empower B2B customers to purchase autonomously without compromising on compliance, regulations, or precision.

Zoovu drives cost saving efficiencies, unlocks revenue in commerce, and boosts cart value by automating cross selling and upselling by improving product visibility.

We are headquartered in Boston, USA, with offices across Europe in the UK, Germany, Austria, Poland, and Belgium, enabling us to serve over 2,500 customers worldwide and their 10,000+ experiences.

How does your solution work?

A SaaS cloud platform that connects to the back-office product content to ingest, enrich, and unify to power a series of humanized discovery conversations on the front-end commerce platforms.

How are you connected to SAP? Can your solution be integrated in SAP systems and if so, how?

We are in an economic climate that’s asking us to do more with less and the reality is that investing in the right strategies will be in the difference between success and failure. SAP has a strong set of foundational operational platforms like S/4 Hana, Commerce Cloud, Sales Cloud, and the full CX suite. Zoovu’s platform is able to unlock the technical product content stored on these platforms and transform them into future-ready experiences.

Businesses are looking for ways to digitize their selling capabilities but need the technology to do so without disrupting operations. This is especially true in the B2B space—it is ripe for transformation as its buyers and sellers are part of generations that expect digital–first solutions in their work life. SAP and Zoovu together are the glue to these businesses to a place where they can deliver B2B sales experiences that are needed to succeed in today’s climate.  SAP is the choice for B2B organizations and Zoovu is the perfect partner to accelerate digital transformation alongside their existing infrastructure.

How has SAP.iO’s involvement impacted your journey?

SAP.iO was a fundamental part of our growth and success in 2022. From deeply understanding how the SAP ecosystem works to identifiing lighthouse customers where we can solve real business problems. SAP.iO was and is still a cornerstone to the SAP Zoovu Better Together partnership.

See this video for more information.

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Ivaldi Launches ChatGPT Digital Assistant for Troubleshooting & On-Demand Ordering

Ivaldi Group unveils a ChatGPT-enabled troubleshooting and on-demand ordering solution for maintenance teams. This AI-driven digital assistant simplifies maintenance operations, enabling faster access to crucial spare parts.

Ivaldi’s custom ChatGPT integration allows secure equipment data and maintenance documentation to be indexed and accessed through an AI assistant. Maintenance crews can engage in custom dialogues with the AI system for tailored information, eliminating the need for physical manuals or online document searches.

The platform also facilitates ordering replacement components directly through the interface. If a part is not already in the Ivaldi virtual library, users can submit 2D drawings or simple sketches, which the system converts into custom-generated models within pre-engineered categories. Once approved, Ivaldi then creates a printable 3D model and coordinates production and delivery with its partner network of 15,000 local manufacturers.

Espen Sivertsen, Ivaldi CEO, highlights the benefits: “Over eleven billion dollars were lost last year due to spare parts shortages. Providing maintenance crews with better information and faster spare parts access will save companies time and money, reducing risk, improving safety and extending the useful life of equipment.”

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Yellow.ai recognized as a Challenger in the 2023 Gartner® Magic Quadrant™ for Enterprise Conversational AI Platforms

Yellow.ai, a leading enterprise-grade Conversational AI platform, today announced it has been recognized as a Challenger in the 2023 Gartner Magic Quadrant for Enterprise Conversational AI Platforms. Recognized as a Niche Player in 2022, Yellow.ai’s recognition as a Challenger in this year’s report is based on the evaluation of its Completeness of Vision and Ability to Execute.

Yellow.ai’s Dynamic AI agents handle over 2 billion interactions every quarter, automating customer and employee experiences across 35+ channels and 135+ languages on voice and chat. Yellow.ai’s Dynamic Automation Platform (DAP), powered by generative AI, enables businesses to reduce expenses by 60% and is complemented by a suite of solutions, including the recently launched Dynamic Conversation Designer, Yellow.ai Marketplace, Customer Data Platform (CDP) Engage, and Omnichannel Agent Assist Platform.

We’re humbled to have been recognized as a Challenger in the 2023 Gartner Magic Quadrant for Enterprise Conversational AI Platforms. We believe this recognition is a testament to the strength of our platform capabilities. We think our improvement from a Niche Player to a Challenger underlines our dedication to delivering cutting-edge solutions to our customersOver the past year, we launched several cutting-edge products, including our proprietary DynamicNLP™, significantly improving time-to-market and ease of use for our customers while reducing their operational costs,” said Raghu Ravinutala, CEO and Co-founder, Yellow.ai.

 

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Specright Named to Fast Company’s List of the World’s Most Innovative Companies for 2023

Specright a leader in Specification Management software, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2023, honored at No. 3 in the Enterprise category. Specright participated in SAP.iO Foundry New York’s Sustainability & Consumer program and SAP.iO’s Rising stars program in 2022.

This year’s list highlights the businesses at the forefront of their respective industries, paving the way for the innovations of tomorrow. These companies are setting the standard with some of the greatest accomplishments of the modern world. In addition to the World’s 50 Most Innovative Companies, 540 organizations are recognized across 54 sectors and regions.

“At Specright, our vision is to live in a world without waste, and we believe the best opportunity to do so is to empower people and companies across the globe with the data needed to make products and packaging sustainably,” said Matthew Wright, Specright Founder and CEO. “It is such an honor for Specright to be named alongside so many incredible, innovative companies and this award is a testament to all of the great work our team has done in driving the Specright mission forward.”

Specright helps companies digitize product and packaging specification data and share and collaborate on that data with supply chain partners to reduce costs and errors, drive efficiency, and increase speed to market. This past year, the company surpassed two million products on its platform globally, supporting Fortune 500 and challenger brands and boasting a 99 percent customer retention rate. Specright also received a patent for its Specification Data Management™ platform, validating the uniqueness of Specright’s spec-first approach to product and packaging development, quality management, and above all – sustainability tracking and reporting. The patent also covers Specright Network, which enables brands, suppliers, retailers, and manufacturers to share live, digital specifications with one another.

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Yellow.ai tackles conversational AI pain points with new design tool

An industry-wide shift to greater use of conversational AI, often in the form of chatbots and voice assistants, is clearly underway. However, the success of these interactions depends on the quality of conversation design, a new domain for most developers and one that may hinge on subpar or outdated tooling. This is the challenge San Mateo, CA-based Yellow.ai seeks to address with its conversational AI platform.

Yellow.ai suggests that problems in this burgeoning area often reside in the design process itself. Though design is a crucial step in developing conversational AI, the process is often hindered by the use of flowchart-based tools that result in clunky and complicated designs. This not only slows development, it creates a disjointed experience for users, who encounter inconsistent design choices and interactions across different conversational interfaces.

One of the key pain points in conversation design is in the basic approach. Most designers are relying on flowchart-based tools that are not optimized for designing conversations. This makes the design process time-consuming and cumbersome, leading to subpar outcomes. As well, replicating design flows in development is a tedious and inefficient process.

With the launch of its Dynamic Conversation Designer, Yellow.AI looks to improve the design process for chat and voice conversational workflows using generative AI. Integrated within the Yellow.ai conversational AI platform, this conversation design tool allows teams to design chatbot conversations without writing any code, saving significant development time and effort.

The Dynamic Conversation Designer creates development flows automatically from design flows, eliminating the need for developers to start from scratch. Moreover, there is instant auto-sync between design and development flows. With this, the company claims to deliver a 50% faster time to market, along with reduced development and training time.

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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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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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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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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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Queen of Raw, Inc. Raises from Future Planet Capital for Software, Saving Companies $200 Billion in Waste

Queen of Raw, Inc., a New York-based climate fintech company specializing in recouping value from excess inventory, has raised funding from Future Planet Capital (“FPC”), the international venture capital and impact investor with ~$400M of committed capital and a portfolio including 23andMe, Vaccitech, and Tokamak.

$288B of excess inventory annually becomes waste in landfills, burned, or laid to rest in warehouses. Queen of Raw turns it into a revenue source through sustainable solutions. Its flagship SaaS software, Materia MX, was released out of stealth over a year ago in response to growing supply chain inefficiencies, rising prices, and excess inventory that were escalated amidst the pandemic. These market forces are depleting company profits.

Companies using Materia MX can digitally manage, resell, and recycle excess inventory from a centralized location, with end-to-end automation and reporting in the cloud. Business losses are recouped and capital is preserved to be deployed during periods of recession. No CapEx required.

For its customers, including some of the world’s biggest Fortune 500 companies, the amount of wasted materials represents up to 15% or more of their bottom line. “At that volume,” says Stephanie Benedetto, the female founder and CEO of Queen of Raw, “waste isn’t just environmentally irresponsible–it’s a financial risk and a CFO issue.” An example of the impact: In just weeks leveraging the software, one client realized savings on $14M worth of inventory and holding costs, generating revenue from recycling 10 metric tons of excess materials in Asia and diverting 95% from landfills and incineration.

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SAP.iO Foundry New York Kicks Off Web3 in Future of Work Program

October 17, 2022 SAP SE‘s (NYSE: SAP) SAP.iO Foundry New York has launched its latest startup program focused on Web3 in the Future of Work with SAP SuccessFactors. Five startups have been selected by a jury of SAP experts, partners, customers, and venture capital funds to join the program.

The startups selected for the program center on emerging technologies, including blockchain, token economy (NFTs), digital assets (crypto, wallets, identity), artificial intelligence (AI), and metaverse (augmented and virtual reality). Over the next 12 weeks, they will have access to curated mentorship from SAP executives, exposure to SAP® technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers worldwide.

The following startups are participating in the SAP.iO Foundry New York Fall 2022 program:

  1. Beem enables communication using real humans in augmented reality, allowing users to communicate in the most credible and immersive way possible.
  2. BitPay builds enterprise-grade tools to send and receive cryptocurrencies, enabling employees to receive a portion of their pay in crypto.
  3. Gmetri is a no-code browser-based metaverse toolkit, providing the complete web 3.0 infrastructure to create, publish and track your own metaverse.
  4. Talespin is building a spatial computing learning platform to power talent development and skills mobility for the future of work. ­­
  5. Veremark runs faster and smoother background checks with secure, reusable data through blockchain-based verified credentials.

About SAP.iO
SAP.iO delivers new partnerships and products for SAP by accelerating and scaling startup innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 450+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit http://sap.io/.

EcoCart drives $14.5M of new funding into its sustainable shopping experience

With all the plastic and paper covering the things we buy, more and more consumers are seeking out companies that operate more sustainably.

EcoCart has built an infrastructure for e-commerce companies and works with them to make that shopping experience more transparent and sustainable. Here’s how it works: The three-year-old software company performs product life cycle audits for its customers to help them calculate, analyze and offset their carbon emissions.

Customers can then see how that company is doing in terms of protecting trees and using clean energy sources while companies can offer offsetting initiatives within its shopping experience — for example, providing a way for them to make carbon-neutral purchases or showing the number of trees saved from an order.

“Consumers are looking for ways to shop sustainably, but brands don’t have a great way of being able to communicate that to their customers or execute on that in an inexpensive, easy-to-understand way, and that’s all the things that we help with,” EcoCart co-founder Dane Baker told TechCrunch.

Baker and Peter Twomey started the company about three and a half years ago and launched its product about two years ago. When we last profiled the San Francisco–based company in 2021, it had raised $3 million in seed funding and was working with 500 customers.

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Remote And Hybrid Workers Have Higher Degree Of Psychological Safety At Work Than On-Site Employees, Says New MeQuilibrium Study

Remote employees have enjoyed better work-life balance, no commute, and the ability to work anywhere, however, a new meQuilibrium survey of 3,900 employees sheds new light on why people are reluctant to return to office — remote and hybrid employees have a higher degree of psychological safety at work than on-site employees. On-site employees said they are 66% more likely to feel like mistakes are held against them, they are 57% more likely to say that people are rejected for being different, and 36% more likely to find it difficult to ask teammates for help.

There is a real difference in psychological safety among work settings,” said Brad Smith, PhD., Chief Science Officer, meQuilibrium. “In many remote-for-the-first-time environments where everybody is the same size square on the video call, it’s often easier to speak up and be heard.”

The survey found that those working on-site are less likely to feel at ease discussing difficult topics, less likely to feel safe taking risks and less likely to feel that the team respects and values each other. Nearly half (44.5%) of the employees surveyed said they would quit if there was a requirement to work on site without a remote or hybrid option.

A lack of psychological safety at work can have repercussions on a business. Teams where members don’t feel comfortable taking a risk to raise a new idea or suggest a new approach will have difficulty innovating. In order for organizations to be successful, its people need to feel comfortable speaking up, asking questions, and disagreeing with team members and managers.

Considering psychological safety across different levels of resilience, the study found that 60% of employees with low resilience and low psychological safety feel burned out and 34% are thinking about quitting their job. Just 5% of highly resilient employees who feel psychologically safe reported feeling burned out and just 3% were thinking about quitting.

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