Top 20 Retail Technology Companies - 2019
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Top 20 Retail Technology Companies - 2019

The retail companies are snowballing ahead with the recent technological innovations like AR, VR, and artificial intelligence (AI); to expand their consumer base and simultaneously position themselves as a unique brand. This onus is to make the buying experience quick, seamless, and pleasant.

Driven by the market demands, the introduction of showrooms powered by augmented reality and smart mirrors that can read RFID tags on clothes has improved a buyer’s experience. Having said that, the industry is showing a gradual shift toward a cashier-less retail experience; the customers no longer have to face the hassle of waiting in longer queues to check out from the store. Alongside, the introduction of smart shelf sensors is proving to be a fascinating offer for their customers by linking the physical products to the virtual shopping carts.

In the wake of these trends that are shaping up the retail space, we have compiled stories of some of the most outstanding retail tech companies to understand the standpoint of their technologies and discover the recent innovations flourishing the market. We believe that these vendors can help elevate the status of retail companies through their uniqueness.

We present to you Retail CIO Outlook’s “Top 20 Leading Retail Tech Companies – 2019.”

Top Retail Technology Companies

A leading provider of cloud-based, prescriptive analytics solutions 4R leverages te modern machine learning and AI strategies that help retailers optimize their supply chain and merchandising decisions. The company has designed an innovative SaaS solution that is dedicated to helping retailers improve strategic decisions across the key functional areas of demand planning, omni-channel replenishment, assortment optimization, product markdown, and seasonal allocation planning. 4R's holistic modeling learns the consumers' demand, including price elasticity, seasonality, localized demand variation, promotion lifts, and substitutability, while allowing the company to control the amount of risk

4rsystems.com

ASDAL is on a mission to revolutionize the online retail space through its one-shop-stop disruptive management suite—GRIT, which allows all the retail brands to seamlessly conduct business on the Amazon Marketplace. The company gives retailers a competitive edge by allowing them to push themselves hard to study the marketplace and build the right metrics to solve retail management challenges on Amazon and Walmart. ASDAL’s GRIT provides operational teams with the necessary infrastructure and analytics, helping them to understand KPIs, streamline management, and receive a quicker ROI. GRIT allows retail teams to quickly abate all their tedious workflows and track their day-to-day operations efficiently. The software will automatically alert the team on their daily, weekly, or monthly tasks

asdal.io

Balance Innovations provides a state-of-the-art cloud-based enterprise platform, VeriBalance that offers retailers a single source of truth for their entire cash operations for both inside and outside the store. Focused on disrupting the cash ecosystem, the company helps retailers in predicting the cash needed inside the store and allocates the cash across the store in terms of what should go in the lane and self-checkout, versus the amount to be held back for deposit based on real demand. Due to the integration all the way from ‘register to bank’, Balance Innovations can help retailers forecast the frequency of picking up and delivering the money physically to their bank as well. Retailers are empowered to know the position of the cash at any time across any device inside the store. Balance Innovations' slew of solutions dramatically drive down the cost of dealing with cash for retailers

balanceinnovations.com

Grabango is the leading provider of checkout-free shopping technology for existing stores. Their system uses high-quality sensor hardware and high-precision computer algorithms to locate every item in the store, which results in a real-time planogram covering the entire retail environment. Their system is built for large-scale operations across thousands of retail locations, each stocking tens of thousands of unique SKUs in full-size facilities. The fault-tolerant architecture also includes battery backup to deliver ultra-high availability. Grabango digitizes everything in the store so that it can be measured, managed, and improved. This leads to the most convenient, safe, and cost-effective shopper environments possible

grabango.com

To thrive in today’s competitive retail market and make critical business decisions around improving the customer experience, improving the store performance and select where to open or close stores, retailers need to have a comprehensive view of their customers’ human mobility patterns. With an understanding of this need, Unacast—a leading location data platform, building the Real World Graph®, democratizes access to human mobility data to help businesses understand their customers’ movement in the physical space and enabling them to make smarter decisions and to build better products

www.unacast.com

Founded before 15 years, USAT is a leader in secure, unattended cashless transactions for the self-serve retail market. The company has been helping customers in self-serve retail, traditionally cash-based industries, seamlessly make the transition to cashless payment and telemetry, and they are reaping the rewards of increased profits and happier customers. USAT provides the industry’s most comprehensive variety of services designed to connect business to more sales, better operating data, and stronger consumer relationships

usatech.com

Browzwear

Browzwear

Browzwear’s pioneering 3D solutions for apparel design, development, and merchandising are the key to a successful digital product lifecycle. Through the power of beautiful, true-to-life 3D, designers, developers, production, and marketing can now collaborate effectively to get creative products to market faster than ever before. With Browzwear, brands and retailers around the world are connecting people and processes, reducing iterations and samples, and merchandising garments even before they are produced. Founded in 1999, the company is headquartered in Singapore. With a team of experts, the company specializes in providing 3D Fashion Design software, 3D Fashion Development software, 3D Merchandising software, and Product Lifecycle Management

Field Day

Field Day

Field Day is a cloud-based enterprise platform to help multi-unit retail brands system and structure their local marketing efforts and investments at scale. The company discovered brands were challenged in structuring their local marketing initiatives to not only activate more efficiently and effectively but truly attribute their impact on same-store-sales. Their platform enables visibility, accountability, and measurability into each unique local market to drive in-store traffic and sales. Field Day’s data, tools, and analytics enable a brand to discover local opportunities, activate internal staff or brand ambassadors for local marketing campaigns, and measure all this directly to sales. Brand ambassadors are sourced through the first programmatic marketplace for brands to leverage curated representation at a local level

Hilco Merchant Resources

Hilco Merchant Resources

Hilco Global is an independent financial services company providing Valuation, Monetization, and Advisory services for all tangible and intangible assets. Hilco is the world’s preeminent authority in assisting healthy and distressed companies, and their constituencies derive maximum value from assets. Hilco offers a suite of strategic services to help companies, their advisors, and investors identify the value in business assets, monetize those assets either through acquisition or disposition, and leverage the assets to obtain debt or equity capital. The company provides platform services to the business units, including legal and accounting, marketing, and capital

Knowledge Leaps

Knowledge Leaps

Knowledge Leaps is a startup retail data analytics company harnessing the power of AI and Machine Learning to unlock the value of your data. The company empowers the clients to extract the value of their data to improve marketing processes and optimize pricing, with the goal of margin expansion. Knowledge Leaps develops growth-tools for retailers. Their suite of data tools identifies opportunities to drive sales, increase customer engagement, and measure response to behavior-change initiatives. Their application seamlessly converts any data structure into user-level data using a simple interface, perfect for those who aren’t data scientists

LocateAI

LocateAI

LocateAI is enabling machine learning in the commercial real estate industry. It has created the first location intelligence platform that is powered by A.I. (artificial intelligence). The company was founded by Stanford computer scientists whose mission is to use cutting edge technology to transform the way the industry thinks about predictive analytics. Today, hundreds of real estate professionals use LocateAI's technology for customer analytics and real estate strategy. The company’s proprietary machine-learning algorithm actively learns what drives the store's success to forecast the revenue of potential sites. Discover the market potential by seeing how many stores a particular market can capture, and find out what contributes to a potential site's success with LocateAI

National Bankcard

National Bankcard

National Bankcard is a leading provider in credit and debit card-based payment processing solutions to customers across the country

Octopus Retail Management

Octopus Retail Management

A next-generation omni-channel retail management solutions Octopus offers a wide array of retail management solutions from the Point of Sales (POS), to the back-of-house inventory, to customer relationship management and eCommerce. The company provides its services in three areas retail, food, and e-commerce. The retail management solutions are specially designed for scalability and apply to small businesses and multi-store operations, supporting a wide array of retail sales. Octopus food POS improves productivity and eliminates waste in supplies and workforce. Octopus eCommerce allows enterprises to leverage the web to extend the reach of the company to devices in your customer’s pockets

POTOO

POTOO

Potoo delivers actionable analytics with concierge service, giving clients the power to take back control of their brands in the online marketplace, arming them with a decisive edge over the competition and leading to transformational growth. The company tracks and manages millions of different items across all product categories, from many of the world’s most valued brands, thus protecting brands and their online presence. Potoo provides each client with a customized and interactive dashboard zeroing in on pivotal data points. It offers expert guidance optimizing the online product catalog in the third-party marketplace.

Profitect

Profitect

Based in Burlington, Profitect is a leading provider of prescriptive analytics. The company improves or replaces the current business intelligence and exception-based reporting tools, working with all departments within retail. Instead of sending someone a report to analyze, tell them what they should know, and prescribe the actions they should take. Profitect offers a suite of solutions to help retailers easily understand and act on their data. These actions replace traditional reporting to ensure improved sales and profitability. The company's solutions include sales and EBR, inventory optimization, mobile field application, logistics, DC operations, buying and planning, marketing, and omni-channel

Retriever Merchant Solutions

Retriever Merchant Solutions

Retriever Merchant Solutions is an industry-leading, national provider of payment processing systems and support services. It provides safe and secure payment processing for businesses of all sizes, from startups to established concerns. The company serves the following industries, including food and beverage, retail, business-to-business, services, hospitality, and organizations. It provides a complete range of merchant processing products and services, training, supplies, and point-of-sale transaction equipment for credit cards, debit cards, gift cards, and check services at competitive and cost-effective rates. Retriever Merchant Solutions is a registered Independent Sales Organization/Member Service Provider (ISO/MSP)

Semnox Solutions

Semnox Solutions

Active in more than1800 sites across higher than 50 countries, Semnox builds holistic IT solutions for the entertainment and leisure industry. The company's Parafait suite of products has been chosen by entertainment center operators globally. Semnoxs' products and solutions have been widely accepted by the market, and have gained leadership positions in areas that they operate in. The company's' Parafait Debit Card System, which is an award-winning RFID debit card solution, can be used to manage all areas of a family entertainment center or amusement park, including games and attractions, food service, party, and group events, promotions, inventory and redemption management

Senseon Secure Access

Senseon Secure Access

Senseon Secure Access is state of the art, RFID cabinet locking system and of its kind in cabinet-level access control providing secure access for practically any market. It is capable of integrating seamlessly into a variety of applications, including business and office storage solutions, retail displays, and healthcare. Senseon is an intelligent cabinet-level access control system designed for cabinet doors, drawers, and more. Using a flexible design of low-profile, modular components, one can install Senseon into the custom cabinetry or retrofit it into the existing fixtures. The RFID technology adapts to the needs in healthcare, financial, retail, and home environments. From one room to an entire floor to a whole building, Senseon scales to meet the security needs

TouchSource

TouchSource

TouchSource delivers simple solutions for smart spaces that engage people. Their captivating digital displays and IoT-connected directory solutions improve the experience of tenants, visitors, and retail shoppers. The company’s digital signage solutions are simple to deploy, easy to use, and low effort to maintain. Headquartered in Lafayette, Colorado, the company was founded in 1985. Touchsource with years of experience specializes in providing Electronic Directories, Digital Signage, Interactive Maps and Wayfinding, Public Access Kiosks, Virtual Receptionist, Queuing & Waiting Rooms, Court Calendar, and retail technology to their clients

WestRock [NYSE: WRK]

WestRock [NYSE: WRK]

With a long history of entrepreneurship, leadership, and innovation WestRock is a leading provider of differentiated paper and packaging solutions. The WestRock team believes that Packaging Matters in building trust, influencing purchasing, and educating consumers, and they apply that belief to every project. The company's strong foundation of talented, motivated experts provides customers with sustainable paper and packaging solutions around the world. Working together, WestRock has tremendous opportunities to define the company culture, grow the business, and offer long-term solutions to the employees. With such an expansive operation, the company can provide a challenging and rewarding career opportunity