Empowering Retailers: Transforming Product Data with AI

Webinar Announcement: Transforming Product Data

GroupBy Inc., a leader in eCommerce search and product discovery, is excited to announce its upcoming webinar titled “Bad Data, Big Trouble: How To Turn The Corner On Poor-Quality Product Data With The Help of AI.” This informative session, developed in collaboration with RETHINK Retail, aims to delve into the challenges retailers face today regarding poor data quality. Mark your calendars for this engaging event where industry experts share their insights on improving product data management.

Challenges of Poor-Quality Product Data

Retailers across the globe deal with the critical issue of low-quality product data, adversely affecting various aspects of their operations including product search, customer satisfaction, and ultimately their sales. In fact, reports state that poor data quality costs businesses an astounding average of $12.9 million each year. Recognizing this significant impact, the upcoming webinar will equip attendees with practical strategies to manage and enrich their product data more effectively.

A Closer Look at the Webinar Panel

Leading the discussion will be GroupBy’s Director of Product, Arv Natarajan, alongside RETHINK Retail’s Vinny O’Brien. They will be joined by Joyce Mueller, Director of Retail Solutions at SADA, providing a diverse set of perspectives and expertise on the subject. Their shared goal is to illuminate how AI-driven data enrichment can recover from the pitfalls of poor data quality. Attendees can expect to learn how embracing technology can lead to improved operational efficiency and enhanced brand reputation.

Key Takeaways from the Webinar

Participants in the webinar will have the opportunity to grasp several key takeaways including: the reasons behind the prevalence of bad product data among retailers, the successful strategies employed by others using AI to enhance data relevancy and product discoverability, and practical tips to analyze and improve product data quality. Additionally, best practices for establishing standardized data collection methods and consistent reviews will be discussed, underscoring the importance of modernizing data management practices.

The Importance of Advanced Data Solutions

Natarajan emphasizes the critical consequences of persistent data issues, stating, "Poor-quality product data plagues nearly every retailer today, impacting every application that relies on data to perform. Long-term, insufficient data negatively affects the customer experience and, ultimately, your bottom line." He assures that the webinar will tackle these common data hurdles head-on and demonstrate how sophisticated AI models can transform product data management.

GroupBy’s Innovative AI Solutions

GroupBy’s eCommerce Search and Product Discovery Platform, powered by Google Cloud Vertex AI Search for Retail, represents a groundbreaking advancement in how retailers approach product search and data management. This innovative platform utilizes cutting-edge machine learning algorithms trained on an immense dataset, significantly enhancing the abilities of retail businesses to meet evolving customer needs. The technology facilitates a remarkable understanding of user intent, which is crucial for delivering tailored digital experiences.

Furthermore, the newly developed Enrich AI platform stands out as a pivotal tool for retailers aiming to optimize product data management processes. This state-of-the-art solution automates the extraction, standardization, and enhancement of product information, leading to improved accuracy, reduced time-to-market, and the freeing up of resources for strategic initiatives. Such advancements allow retailers to focus more on innovation and growth while minimizing costly errors associated with poor data quality.

Register for the Webinar Today

Don’t miss the chance to participate in this enlightening opportunity. To consult more about the panel and secure your spot, you can register easily through the GroupBy site. Equip yourself with essential insights that could propel your retail operation towards greater efficiency and sustainability.

About GroupBy Inc.

GroupBy Inc., founded in 2013, specializes in eCommerce search and product discovery solutions that empower some of the largest B2B and B2C brands in the market. Their AI-first composable platform integrates advanced search technology, data enrichment, search functionality, recommendations, and analytics capabilities designed to enhance the digital shopping experience. By continually innovating and adapting to the needs of retailers, GroupBy is redefining the landscape of eCommerce and driving retailers toward revenue-generating strategies.

Frequently Asked Questions

What is the main focus of the upcoming GroupBy webinar?

The webinar will primarily address the challenges of poor-quality product data and demonstrate how AI can enhance data quality and operational efficiency.

Who will be participating in the webinar?

Key speakers include Arv Natarajan from GroupBy and Vinny O’Brien from RETHINK Retail, alongside Joyce Mueller from SADA.

What can attendees expect to learn?

Attendees will gain insights into the impact of poor data, successful AI strategies employed by retailers, and practical methods for improving data quality.

How does GroupBy's platform improve product search?

GroupBy’s platform utilizes advanced AI algorithms to enhance understanding of user intent, thereby delivering more relevant search results and better digital experiences for customers.

What solutions does GroupBy offer for retailers?

GroupBy provides solutions for data enrichment, search optimization, recommendations, merchandising, and analytics, all designed to boost eCommerce performance.

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