AI-Driven Ecommerce Platform Intelligence Node Records Unprecedented Growth Amid Post-Pandemic Ecommerce Explosion

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SAN FRANCISCO, September 21, 2021– (BUSINESS WIRE) – Intelligence Node, a leader in AI-driven business intelligence and competitive analysis, has experienced unprecedented sales speed since its inception with an open sales pipeline that is 4 , 7 times higher than the volumes before the pandemic. The company also announced the launch of new products to capitalize on the growing e-commerce market – PriceIntelligence AI, a new price optimization app for Shopify customers and Digital Shelf Analytics, an ability to understand and improve the search, content and user sentiment around a product or category.

2020 saw tremendous growth in e-commerce with $ 2 trillion spent in the online world during the year. The pandemic has prompted business and small-to-business retailers to turn to online selling, rapidly increasing the adoption rate of retail activation platforms like Shopify. Compared to 2019, the Shopify e-commerce platform grew 86% in 2020 to reach $ 2.9 billion in revenue and today serves more than 1,700,000 retail businesses. Intelligence Node responded by extending its advanced analytics offering, battle-tested by Fortune 500 customers, to the SMB market with the smooth launch of its PriceIntelligence AI app on the Shopify ecosystem.

Additionally, the company launched a new solution, Digital Shelf Analytics, to complement its pricing and assortment solutions for the corporate retail segment. The new offering is a strategic addition to meet the evolving needs of the e-commerce ecosystem which is expected to reach $ 4 trillion by 2024.

“We have experienced hyper-growth and accelerated sales speed since the start of 2021. We are closing larger transactions at a faster pace, acquiring new corporate clients every week, including Fortune 500 clients and Category leaders like Nestlé, Lenovo, LVMH, Prada, and Schwarz Gruppe, ”said CEO, Sanjeev Sularia. “The launch of our Digital Shelf Analytics solution allows us to offer a wide range of features to retailers and brands, from competitive pricing to content audits and customer feedback. “

To better align its offerings with the evolution of the e-commerce market, Intelligence Node also carried out a major rebranding effort. In addition to a new contemporary brand identity and customer-centric website design, Intelligence Node has also refreshed its product names, segmented to better serve brands and retailers.

“Our rebranding aims to amplify our mission and align our message to meet the needs of our target audience, forward-thinking brands and retailers,” said Leela Gill, global vice president of marketing and design at Intelligence Node. “Additionally, retailers and brands will now find our unique product solutions bundled under a product name that matches their segment. We believe this new alignment will help further accelerate our revenue growth.

New product names, new features and design are just a part of Intelligence Node’s overall mission to democratize retail by delivering fast, accurate and reliable e-commerce data to its customers so that they can they can offer buyers the best choices.

In an environment surrounded by uncertainties with the current COVID-19 pandemic, Intelligence Node remains optimistic on its growth trajectory. As retailers and brands embrace the criticality of digital transformation and e-commerce leadership, Intelligence Node is uniquely positioned to be the partner of choice for major global players and the competitive SME marketplace.

About the intelligence node

Intelligence Node’s mission is to provide the most comprehensive and data-rich ecommerce perspective of the consumer buying journey to retailers and brands so they can thrive in the Amazon age.

We provide a real-time retail e-commerce intelligence platform that enables businesses to increase product-level profitability and increase margins using data-driven competitive insights, pricing based on AI, MAP surveillance and more. Intelligence Node has the world’s largest product and price data set with unmatched 99% accuracy, fueling the growth of more than $ 600 billion in global retail revenue. Our proprietary patented algorithms are delivered through a SaaS portal, file feed, or APIs, providing fast plug & play accessibility. We are the platform of choice for retailers and global brands, including category leaders like Nestlé, Lenovo, LIDL, Prada and many more. Learn more about the company at www.IntelligenceNode.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210921005883/en/

Contacts

Rewa Kulkarni
Marketing & Public Relations, Intelligence Pole
Email: [email protected]


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