Top AI Powered Retail Solution Companies in Europe-2021
AI | Retail Tech Insights

Top 10 AI Powered Retail Solution Companies in Europe - 2021

The European region is observing a substantial growth in the retail analytics market driven by the rising incursion of digitalization, shift in consumer preferences, the discrepancy in the supply chain, and rising investments in advanced technologies. It is estimated that the market will witness a noteworthy valuation of over USD 6 billion from Europe.

The retail industry has undergone a drastic makeover during the pandemic and is expected to have post-pandemic shockwaves. COVID-19 outbreak accelerated the significance of online shopping channels for consumers where Artificial Intelligence (AI) technology emerged as a key contributor. AI is being adopted by online and offline retail businesses to engage customers and improve sales turnover, boosting digital transformation. According to a recent study by Mordor Intelligence, global AI in the retail market is expected to register a CAGR of 35% for the forecast period of 2021 to 2026.

AI in retail is playing a significant role. The industry is witnessing a wave of conversational AI sweeping across the retail industry, and every brand is looking to add AI-based solutions to automate routine transactions and processes. By converting the online data of consumers into usable insights, retailers are able to make better business decisions. Additionally, chatbots and voice bots are an integral part of any major brand’s customer engagement strategy. They are helping customers in refining their search for a product, answer queries or suggest products linked to their shopping history. Such use cases help lower the number of human employees, significantly reduce operational expenses, and improve efficiency.

In this edition, Retail Tech Insights has compiled a list of the Top 10 AI Powered Retail Solution Providers in Europe. Besides, the magazine also includes insights from thought leaders in the sectors on the industry trends, recent innovations, best practices, and their advice for aspiring CIOs and CXOs.

We present to you Retail Tech Insights’ “Top 10 AI Powered Retail Solution Providers in Europe - 2021.”

    Top AI Powered Retail Solution Companies in Europe

    Mindspeller
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    The company brings a neuro-semantic AI solution that reduces harmful, unintended noise in marketing communication by tuning campaign content to signal only the intended brand association. Tuning is done by tapping into Mindspeller’s interactive implicit association mind map, which represents a unique model of the subconscious consumer mind, and correlates with split second electrical activity in the brain. Mindspeller enables both new and incumbent brands to access the world’s largest brand association mind map, validated with Professor Van Hulle’s Brain-Computer-Interface. The company asks real humans what they associate with a specific brand or campaign stimuli, such as logos, landing pages, jingles, billboards, banners, blogposts, and so on ... read full profile
    SeeChange
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    SeeChange offers innovative software solutions that leverage retailers’ existing infrastructure to recognise real-world scenarios in real-time, deriving actionable inferences that boost their bottom line. The company offers a use-case agnostic, flexible, and modular AI platform—SeeWare—that analyses sensory input to power a real-time comprehension of the world. The platform ingests data from retailers’ existing sensor-based equipment, which is then analysed using algorithms. This empowers retailers to obtain real-time intelligence into their physical stores. Notably, SeeChange provides seamless and flexible licensing/deployment functions, enabling retailers to select features that are relevant to their requirements, which helps keep costs to a minimum ... read full profile
    Sensape
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    Sensape currently partners with leading brands like Pernod Ricard, Rivella, Oreo, FC Bayern Munich, and Ritter Sport to democratise and unlock the full potential of AR for the retail industry. Sensape’s mission, at its core, is to change how several establishments and brands still rely on traditional window advertising, even though there are many other effective ways to attract customers. And to help such firms access effective alternatives, Sensape’s interactive sales solutions digitalise and generate multidimensional sales processes with the help of AI and AR. In this regard, Sensape has built a plethora of solutions like digital product samplers, AR-enabled photoboxes, promoters, and more ... read full profile
    Ulisse
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    Ulisse is an Italian forward-thinking retail tech solution provider that offers a proprietary IoT platform, including hardware, software, and AI algorithms to develop turnkey visual analytics solutions for the retail sector and many other physical space-dominant industry verticals. The company’s objective is to provide retailers with the most scalable, reliable, and secure technology to help them get the most from the tons of data collected from their stores and take real-time actions. By intelligently using data, Ulisse can help its clients shine light upon metaphorically dark, unobserved spaces, and give them the ability to manage their physical spaces more optimally for their business ... read full profile
    Wizart
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    Wizart has been carving a niche for itself in the DIY space by drastically improving the leads-to-sales conversion rates and average sales of the DIY businesses. Wizart significantly aids retailers, manufacturers, and e-commerce players, in bridging this “imagination gap” for customers looking to re-design their space. Wizart leverages computer vision and AR that allow real-time visualisation of finishing materials. The computer vision algorithms behind Wizart recognise and digitalise photographed images and then overlay finishing materials onto flat surfaces. Remarkably, Wizart recreates this dynamic 3D scenario of the picture in photorealistic quality, preserving perspectives, shades, and scale of photographed room scenes and finishing materials ... read full profile
    Atos
    Atos is the global leader in secure and decarbonized digital with a range of market-leading digital solutions along with consultancy services, digital security and decarbonization offerings; an end-to-end partnership approach. A net-zero pioneer in decarbonization services and products, the company's commitment to the future extends to carbon-neutrality for its organization as well as its clients and partners
    Nextail Labs
    Nextail is a smart platform for retail merchandising. Developed by retail experts, it delivers agile data-driven decisions to meet increasing consumer demands. Using Nextail’s AI and advanced analytics, global retailers like River Island, Versace and Pepe Jeans, are automating dynamic buying and merchandising
    Pixyle
    Pixyle’s image recognition software detects fashion items in images. The company makes visual content shoppable. It's accurate, powerful and integrates seamlessly with any tech stack. Pixyle’s help fashion retailers deliver visual AI solutions that allow shoppers to visually search for products and get relevant similar product recommendations on their e-commerce platforms, improving both customer engagement and conversion rates
    Syte
    Syte is the world’s first product discovery platform for retail. The company uses visual AI to create intuitive search and discovery experiences for all types of shoppers. Its solutions include visual and text search, automated product tagging, personalized recommendation carousels, and more. They use unique data generated by visual AI to help shoppers find the most relevant products
    Yieldigo
    Yieldigo disrupts how retailers price their goods; As top-tier mathematicians, the company build a robust pricing platform based on next-generation AI algorithms that enable retailers to tackle the full pricing potential in a very complex and competitive retailing environment. Its clients can calculate precise prices and foresee their impact on their revenues, margins, and volume prior to that prices are applied to shelves
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