Tredence was selected as a Leader in retail analytics by ISG,
for empowering the world's top retailers to modernize their data
foundation and transform their enterprise data into insights with
AI/ML.
SAN JOSE, Calif. and BENGALURU,
India, Aug.
6, 2024 /PRNewswire/ -- Tredence, the global data
science and AI solutions company, has been recognized as a 'Leader'
in the Information Services Group's (ISG) Provider
Lens™ Analytics Services 2024 report for Retail
Analytics Services.
ISG, a prominent global technology research and advisory firm,
serves as a trusted business partner to over 900 clients, including
75 of the world's top 100 enterprises. This year's ISG
'Specialty Analytics Service – Retail Study' assessed 18 leading
market providers, analyzing their strengths, challenges, and
competitive advantages to aid decision-makers in selecting the best
analytics services companies for Retail. In this assessment, ISG
identified Tredence as a Leader and a top choice for retailers
navigating the complex landscape of data and analytics.
According to the report, Tredence was chosen for its exemplary
leadership in transforming leading retailers' data foundations,
enabling them to derive actionable insights with AI/ML technologies
and significantly reducing time to value for retail clients.
ISG identified several Tredence strengths & differentiators,
including:
- Comprehensive AI and ML accelerator ecosystem for
retail: Tredence provides over 140 retail-specific AI and
ML accelerators through its ecosystem, ATOM.AI. These pre-built
accelerators are certified by hyperscalers like Databricks, are
customizable and scalable, facilitate predictive and prescriptive
analytics across the retail value chain, and reduce time-to-value
by significantly.
- Strong customer and marketing analytics
capabilities: One of Tredence's many intelligence
solutions, COSMOS, integrates and enriches customer data from
multiple sources, enabling retailers to deliver personalized
experiences across omnichannel touchpoints.
- Focus on innovation and platform
evolution: Tredence prioritizes enhancing offerings,
investing over 10% of revenue in capability development via
co-development with leading hyperscalers like Google and Databricks
focused on GenAI.
"Retailers are rich in data but starving for actionable insights
to drive top-line growth and bottom-line saving. Tredence is the
secret weapon for modernizing data foundations and driving AI-based
decisions for the world's largest and fastest-growing retailers,"
said Shub Bhowmick, CEO
and Co-founder of Tredence. "Tredence is the retail
AI expert driving the data strategy for 8 of the top 10 retailers.
Trusted by the world's leading retailers, we power over
$1 trillion in retail sales and touch
the lives of over 1 billion people. Our AI/ML retail-specific
accelerators tackle the toughest data engineering and data science
challenges, enabling rapid value delivery and reducing the total
cost of ownership."
"Tredence stands out as a leader in the retail analytics space
with its scalable AI and ML accelerators on the ATOM.AI platform,
enabling analytics across the value chain. Tredence effectively
meets critical market demands by tackling complex business
challenges through advanced analytics and profound expertise in
data engineering, data science, and retail domains. The
company's commitment to innovation ensures rapid, scalable, and
customized intelligence for retailers," said Manav Deep Sachdeva, Senior Manager and
Principal Analyst, ISG
Visit the Tredence website to learn more about driving the data
strategy for top global retailers or download a copy of the
ISG report.
About Tredence
Tredence is a global data science and AI solutions provider
focused on solving the last-mile problem in AI – the gap between
insight creation and value realization. Tredence leverages strong
domain expertise, data platforms and accelerators, and strategic
partnerships to provide tailored, cutting-edge solutions to its
clients. Tredence is 2,500-plus employees strong with offices in
San Francisco Bay Area,
Chicago, London, Toronto, and Bengaluru, with the largest
companies in Retail, CPG, Hi-tech, Telecom, Healthcare, Travel, and
Industrials as clients.
For more information, please visit www.tredence.com and
follow us at Tredence on LinkedIn.
About ISG
ISG (Information Services Group) is a leading global technology
research and advisory firm. A trusted business partner to more than
700 clients, including 75 of the top 100 enterprises in the world,
ISG is committed to helping corporations, public sector
organizations, and service and technology providers achieve
operational excellence and faster growth. The firm specializes in
digital transformation services, including automation, cloud and
data analytics, sourcing advisory, managed governance and risk
services, network carrier services, technology strategy and
operations design, change management, market intelligence, and
technology research and analysis.
For more information, visit www.isg-one.com
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SOURCE Tredence