A pioneer in helping brands win on retail ecommerce channels such as Amazon, Walmart.com, and Instacart: CommerceIQ
The Silicon Review
Retail is becoming more and more algorithmic in nature. Most decisions driven by ecommerce marketplaces whether they are inventory planning, cutting POs, pricing, promotions, search rankings are all determined by algorithms and not by vendor or category managers. All of these decisions are now interconnected and dynamic in nature. In this new world, traditional consumer brands are still stuck with siloed functions and decisions through meetings and spreadsheets. They are losing relevance and market share. They need to embrace exception based automated decision making; they need a different approach. Simplify and scale your omnicommerce optimization across 800+ retailers and 40 countries with a single all-in-one platform powering all your retail ecommerce needs. Gain the competitive advantage and proactively respond to consumer and market changes with intelligent automation and real-time, actionable insights.
Deliver more total sales with the same budget using AI-powered retail media. Proven with dozens of leading brands and available at Walmart, Amazon, Target, Sam’s Club, and other major retailers. CommerceIQ is the pioneer in helping brands win on retail ecommerce channels such as Amazon, Walmart.com, and Instacart. CommerceIQ’s unified platform applies machine learning and automation across marketing, supply chain, and sales operations to help brands gain market share profitably. The digital landscape is rapidly evolving and the battle for online market share and visibility among consumer brands is fierce. The surge of ecommerce and the ever-shifting preferences of shoppers have fundamentally reshaped how products are both presented and sold.
In today’s digital age, achieving profitable success requires more than a mere online presence; it demands that products are presented according to the latest trends and algorithms on the virtual shelves of global ecommerce platforms. This is precisely where the critical role of digital shelf analytics platforms comes into play. But it’s not just about gaining insights; it’s about optimization, and in this blog, we’ll explore why.
Navigating the Digital Shelf Landscape: A New Frontier for Consumer Brands
The digital shelf can be thought of as the virtual representation of a brick-and-mortar store shelf. Just as products on physical shelves need to be strategically arranged and presented to attract consumers (think planogram), the digital shelf requires close management to catch the eyes of online shoppers. Consumer behavior has shifted, with a substantial number of customers preferring to shop online due to its convenience. This transition has propelled the importance of maintaining an appealing digital shelf.
Enter digital shelf analytics platforms – technology-driven solutions designed to provide consumer brands with a comprehensive understanding of their products’ performance on ecommerce platforms. These platforms offer insights into various metrics, including product visibility, search rankings, pricing, reviews, and competitor positioning. However, merely obtaining insights isn’t sufficient in today’s competitive digital landscape. The true value lies in the ability to leverage these insights to optimize the digital shelf to increase brand visibility and sales.
Going From Insights to Optimization with Digital Shelf Analytics
While insights provide brands with a snapshot of their current digital shelf performance, optimization empowers them to take action and make meaningful changes that yield tangible results. Here’s why the pivot from insights to optimization is imperative:
Elevating Consumer Brand Success in the Digital Era
In an era where the digital shelf is the new storefront, consumer brands cannot afford to overlook the importance of a digital shelf analytics platform. While insights provide valuable information, it’s the ability to optimize based on those insights that truly propels brands towards success. The digital landscape is dynamic and unforgiving; brands that embrace the power of optimization will not only survive but thrive in this competitive arena. It’s time to transition from passive observation to proactive transformation – going from insights to optimization.
Meet the leader behind the success of CommerceIQ
Guru Hariharan, Chief Executive Officer is a seasoned Technology and Business leader with over 15 years of experience in the ecommerce industry. Before founding the company in 2012, Guru spent five-plus years at Amazon building out automated vendor management and supply chain. He also became the AI-based selling coach for 3P sellers. Guru also held the role of General Manager of the Marketplace Experience at eBay, where he led the global launch of eBay’s “Fast N’ Free” shipping and the Global Returns programs. Guru has a Masters with a focus on Machine Learning from the University of Texas at Austin and an MBA from the Wharton School.