Global Retail Data and Analytics leader, Intelligence Node, today announced a strategic partnership with Pricemoov, the cloud company that powers intelligent pricing decisions, to enable real-time pricing optimization informed by competitive price movements. With this partnership, retailers and brands are able to discover and rapidly act on competitive price movements in order to capture sales, margin and market share across the increasingly dynamic eCommerce landscape.
“We are thrilled to partner with Pricemoov to offer real-time optimization solutions for brands and retailers grappling with the need to continuously deliver transparent and dynamic pricing across their owned stores and marketplaces,” said Sajeev Sularia, CEO of Intelligence Node.
Pricemoov’s focus on powerful data science technology coupled with deep subject matter expertise in pricing has produced one of the most innovative pricing platforms that retailers and brands can implement to power digital commerce and unlock revenue potential. Intelligence Node will provide AI-driven competitive data feeds that will connect into Pricemoov’s platform. Intelligence Node captures competitive data through an award-winning approach to data mining that leverages AI, computer vision and advanced rules to deliver product matches at 99% accuracy. The combined solution furthers the ability of brand and retail companies to dynamically deliver resonant prices to shoppers that factor in customized price logic by product and channel.
“With the challenges of modern commerce, brands and retailers must keep up with an increasing number of products, channels and competitors. We are excited to partner with Intelligence Node to provide our customers with the most complete and accurate competitive insights and product matching capabilities to enable intelligent pricing decisions,” said Pierre Hébrard, CEO at Pricemoov.