ParallelDots

On-shelf availability (OSA) is a critical factor for both customers and retailers. When shelves are empty, customers leave disappointed, and businesses miss out on potential revenue. Achieving optimal OSA is a delicate balance—maximizing profits while managing the service costs required to maintain it. Striking this balance is key to driving satisfaction and sustainable growth. Improve On-Shelf Availability with ShelfWatch Image Recognition platform. Great realtime shelf data and execution insights within minutes. Discover more: https://lnkd.in/dvv8tEV3 #retailimagerecognition #artificialintelligence #retailinnovation #retailtechnology #retailai #retailexecution #shelfwatch #imagerecognition

?? Image Recognition technology has the potential to significantly enhance field operations by reducing average visit times by approximately 30%. This time-saving efficiency enables field representatives to complete more visits while improving in-store execution. Additionally, the ability to capture an entire product category during a single visit provides category managers with valuable, comprehensive store data to unlock its full potential. As a cutting-edge technology, Image Recognition continues to advance with improvements in AI and mobile computing power, making it an increasingly attractive solution for entrepreneurs and businesses alike. ?? ?? Since this technology directly impacts both the bottom line (?? cost savings??) and top line ( ?? revenue growth ?? ), choosing the right vendor is critical to ensure a successful deployment. However, the success of such projects hinges on addressing key factors such as technology, services, and change management. Below are 10 essential considerations when selecting an Image Recognition vendor: 1?? Validated cases: Select vendors with a demonstrated history of success in your industry or vertical. 2?? Technology: Beware of vendors claiming to use advanced technology but relying on manual processes, such as outsourced labor in emerging markets. 3?? Accuracy: Ensure accuracy rates exceed 95%, as human accuracy is typically around 70%. 4?? Speed: Results should be delivered to field representatives in near real-time to facilitate actionable improvements in store execution. 5?? Scalability: The solution must handle thousands of SKUs across thousands of stores and representatives. 6?? KPIs: The system should offer standard KPIs along with the flexibility to create custom performance scores. 7?? Reporting: Expect standard reporting capabilities with options for customizable views to meet your specific needs. 8?? Integration: The vendor should provide an open API to seamlessly integrate with legacy systems. 9?? Standalone App: The solution should include a robust standalone app with features for store visits, and access to calculated KPIs and reports. ?? Deployment: Project setup time can severely impact the usability and ROI of the solution, hence choosing a vendor that offers reasonable setup and deployment time is the key. By focusing on these criteria, businesses can ensure a successful Image Recognition implementation that drives efficiency, enhances store execution, and supports strategic decision-making. ?? To learn more, simply DM us or reach out to us here: https://lnkd.in/gxWZJJUS #imagerecognition #artificialintelligence #retailinnovation #retailexecution #retailai #retailtechnology #cpg #computervision #tips

What happened when a leading packaged food and confectionary company used ShelfWatch IR?? On a high level, they, ? Minimised errors in shelf data; OSA, Share of Shelf along with Planogram, Pricing and Promotional compliance ? Reduced their store audit time and costs with automated audits? ? Improved their retail execution performance and sales at per-store level For more details on how ShelfWatch works and how you can achieve similar results, click here: https://lnkd.in/dvv8tEV3 #casestudy #imagerecognition #artificialintelligence #retailai #retailinnovation #retailtechnology #shelfwatch #cpg

Paving the way for a AI revolution in retail and CPG. ?? #jiogennext #retailtechnology #retailinnivation #imagerecognition #artificialintelligence #indianstartups #paralleldots

Creating a perfect store requires mastering the 6 Ps—Product, Pricing, Place, Promotion, People, and Process. These elements work together to deliver a seamless shopping experience and drive customer satisfaction. ?? ?? Physical stores remain pivotal, evolving into spaces of engagement and connection that foster loyalty. Implementing these Ps ensures your strategy thrives in live retail environments. At ParallelDots, we have been enabling CPG sales leaders to monitor their retail execution in realtime. Our Image Recognition solution ShelfWatch delivers critical shelf KPIs and execution data to help drive perfect store programs and improve store sales. To see ShelfWatch in action, click here: https://lnkd.in/gbZjtd4Q #PerfectStore #RetailStrategy #CustomerExperience #RetailInnovation #retailexecution #imagerecognition #retailtechonology

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You are invited! ?? For more details click below and to register head here: https://lnkd.in/gTMcKqmJ #webinar #retailinnovation #retailexecution #retailtrends #cpgsales #imagereocgnition #salesleaders

ShelfWatch Image Recognition + Saarthi AI = Rapid AI model training, Quick SKU detection and Faster solution deployment ?? ?? ?Saarthi helps identify and recognise new or unknown SKUs on store shelves with exceptional accuracy and speed. By integrating ParallelDots’ ShelfWatch IR with Saarthi, users can now effortlessly sort & label unidentified SKUs, and train their AI models easily without manual intervention. Learn more about the Saarthi innovation or to see it in action, click here: https://lnkd.in/dZaH3RVB #retailimagereocgnition #retailexecutuon #retailinnovation #retailtechnology #cpg #imagerecognition #computervision #artificialintelligence #aiinretail #saarthiai

We are back with yet another insightful newsletter! All the good stuff: 1. Trends that are shaping salesforce automation in 2025 for CPGs 2. Details on our upcoming webinar 3. An article on how improving your OSA can boost retail sales growth and the role AI technology is playing in it. Do let us know what are the trends that you foresee in the year 2025 which will shape the CPG industry. #retail #newsletter #imagerecognition #retailtrends #cpgtrends #webinar #companyupdates #retailinnovation #trendsin2025 #2025

?? Here are some key reasons why Consumer Packaged Goods (CPG) companies need retail visual data: 1?? Real-Time Shelf Visibility: See exactly how their products are displayed in stores, with a real-time view of shelf placement, facings, and stock levels? 2?? Improved Stock Availability: Proactively detect out-of-stocks, low inventory levels, or misplacements? 3?? Accurate Planogram Compliance: Quickly verify that retail locations adhere to planograms, ensuring products are displayed as according to set guidelines 4?? Enhanced Promotion Compliance: Ensures that in-store promotions are executed as intended, tracking promotional displays, signage, and pricing accuracy, to maximize campaign ROI 5?? Competitive Insights: Get insights into competitor product placement, shelf space allocation, and promotional strategies in real time 6?? Reduced Operational Costs: Automate and streamline in-store audits and reduce the need for frequent field visits, minimizing auditing expenses? 7?? Data-Driven Merchandising Decisions for Perfect Store: Analyzing visual data across locations helps CPGs understand the effectiveness of specific displays, product arrangements, and store layouts, guiding better merchandising decisions based on what works best. To understand how you Image Recognition-based visual data could help your brand, head here: https://lnkd.in/gbZjtd4Q #retailtechnology #retailexecution #visualdata #cpg #retailinnovation #merchandizing #perfectstore #imagerecognition #retaildata #retailsales