Top 20 Retail Solution Companies - 2020

The retail industry is experiencing a paradigm shift and this transformation at scale is quite significant. At various levels, it touches the core of what the consumers do – shop. Whether it is grocery or general merchandise, whether it is fashion or budget shopping – the dynamics are changing in a rapid pace. The most obvious change is the rate at which retail is becoming digital. eCommerce, as it is popularly known as, is revolutionizing everything. There is no room for doubt that digital is here to stay, and it will power almost all operations of the business in the near future.

One of the factors responsible for the retail sector’s steady growth is the rise of digitalization and modern technology, leading to retail 4.0 being born. Many processes in the retail workflow, such as purchasing, inventory management, customer service, payments, and supply chain management, became automated after the introduction of advanced technologies. Intensified communication platforms have created a more connected landscape across the board. Thus, with the help of retail 4.0, the retail industry is witnessing a shift in the working culture, giving rise to innovative business models.

In order to help companies who struggle in this space, CIOReview brings forth a comprehensive list of the leading retail veterans who deliver expertise in this ever evolving sector. This listing provides a view of how the technology solutions in this domain can deliver optimization to the retail operations.

We present to you “20 Most Promising Retail Solution Providers - 2020.”

TOP VENDORS

Top 20 Retail Solution Companies

AOPEN

San Francisco-based AOPEN’s portfolio can be categorized into three business units. Firstly, the company develops commercial-grade, specialized, and customized solutions such as kiosks, digital signage, and interactive touchscreen video screens for a wide range of applications for its retail and hospitality clients. Under its control device management suite, AOPEN works with its partner ecosystems that comprise network operators, implementation experts, and software developers to provide tools that can unify the different processes in their clients’ operations. Lastly, the company offers industry-grade PC units for use in manufacturing and medical facilities to help minimize cumbersome manual labor and boost workflow efficiencies. Apart from these offerings, AOPEN also offers software packages alongside its hardware products to deliver a complete package capable of delivering on all of its clients’ needs.

DTiQ

Revolutionizing the retail management environment by combining intelligent video, advanced analytics, and expert services to deliver an unparalleled performance improvement solution. DTiQ deployed a low-cost, fully-customized, full-service loss prevention program for the retailer at all store locations within the U.S. DTiQ's platform uses a store's existing technology as a tool by connecting it to a new server. The unique feature enables retail stores to keep the capital requirements substantially lower. DTiQ's expert consultants are available at all times to resolve any issues, irrespective of the location of the client's stores

Insignia Systems

Helps brands and retailers drive revenue through its innovative in-store marketing and digital solutions and strategies. Insignia’s digital and in-store signage solutions are tailored for pre-shop and in-store phases of the consumer journey. For in-store signage, the company has a proprietary approach where it takes the inbound retailer data at the store level, integrates that with market data to understand shopper behaviour and then segments the store visitors accordingly for efficient signage outcomes

MTI

MTI is redefining the in-store experience through its unique IoT platform MTI Connect™ is Mobile Technologies Inc. The company’s ultimate objective is to transform the retail experience through innovative technologies surrounded by services and action-oriented results. MTI offers a smart retail IoT platform that enhances retail experience, where merchandise is always perfectly displayed, employees are empowered to sell, and all stakeholders have the insights they need to optimize the consumer’s journey. MTI’s idea behind their IoT platform MTI Connect™ is to simplify the management of daily tasks, empower employees to support the customer shopping experience, provide access to sellable inventory on the floor, all while reducing store shrink

ProfitTrax AI from Smart Retail Solutions

Smart Retail Solutions combines business intelligence analytics and behavioral analytics to enable store teams to drive profitable sales improvement. ProfitTrax is the BI solution developed by Smart Retail Solutions. ProfitTrax is a cloud-based, SaaS, enterprise-wide business intelligence system that guarantees increased revenue, enhanced customer experience, and sustainable profit growth in store. The ProfitTrax advanced analytics interprets store-wide data, conducts multi-dimensional analysis, and uses proprietary narrative science to generate Plain English Action Alerts

SheerID

SheerID is the leader in identity marketing. With SheerID, brands identify and acquire consumer tribes – such as the military, students, teachers, and more – with personalized offers, gated by instant verification from the largest set of authoritative data worldwide. SheerID instantly verifies customers via 9,000 authoritative data sources and 1.3 billion identity attributes; provides global insights from over 200 of the world’s leading brands; and never shares or sells customer data. As a result, the world’s biggest brands – including Amazon, Lowe’s, Spotify, and T-Mobile – rely on SheerID as their identity marketing partner. Founded in 2011, SheerID is backed by Voyager Capital, Centana Growth Partners, and CVC Growth Partners

Agilence

Established in 2006, Agilence is a cloud-based data analytics solution for store operations and loss prevention in retail and restaurant organizations. The company develops the 20/20 Data Analytics platform, including 20/20 Retail, 20/20 Restaurant, 20/20 Grocery and 20/20 Rx. This suite of highly flexible and robust cloud-based reporting solutions provides organizations with a comprehensive view of their business, enabling them to make decisions faster, to increase efficiency and improve profit margins across the enterprise. The company specializes in Retail Loss Prevention, Retail Video Analyst Services, Retail Operations, Restaurant Loss Prevention, Exception Based Reporting, Data Analytics, Restaurant Operations, Pharmacy Operations, Pharmacy Loss Prevention, business intelligence, vertical BI

Aura Vision

Founded in 2017, Aura Vision specializes like Google Analytics for the physical stores. The company helps the brands and retailers improve their in-store experiences by tracking visitor demographics, movement and engagement from existing security cameras. Headquartered in London, England, the company with a team of experts specializes in providing computer vision, deep learning, video analytics, people movement, smart city, retail analytics, advertising, brick-and-mortar, consumer insights, sales performance, and marketing ROI. The company, with its groundbreaking technology, transforms video into critical retail insights. Unique deep learning AI segments employees from customers, underpinning highly accurate customer counts and innovative employee insights

Big Hairy Dog

Big Hairy Dog Information Systems provides services to customers that make them the most appealing choice for client support. They have offered support for thousands of retail locations ranging from small mom and pop shops to stadiums and national parks. Whether the client’s supply an internationally recognized brand or are still building up their image, a partnership with Big Hairy Dog is a step towards making their business more efficient and profitable. The company can help to start on the right foot and provide tools and training needed to create a loyal customer base and expand

Cin7

With inventory management at its center, Cin7 offers growing brands with extensive, out-of-the-box functionality and hundreds of native integrations in a single, easy-to-implement, easy-to-use platform. Cin7 is inventory management, simplified. Today’s sellers manage orders from websites, in stores, through Amazon and other marketplaces. There are wholesaling to department stores, retail chains, and supermarkets, keeping stock in private warehouses and outsourcing to 3PLs. The company serves a powerful, centralized, and efficient solution that provides accurate data across all channels, sellers risk lost sales, and decreasing customer satisfaction, cost-effectively