SaaS-based e-commerce company presents next-generation product discovery platform
TORONTO, March 13, 2023–(BUSINESS WIRE)–GroupBy Inc., a technology leader in SaaS-based B2C and B2B e-commerce product discovery products, will showcase its industry-leading retail platform at Shoptalk 2023 in Las Vegas, March 26-29 . The company’s holistic product discovery platform powered by Google Cloud Discovery AI is revolutionizing e-commerce with its next-generation search and recommendations that deliver Google-quality shopping experiences optimized for e-commerce business cases.
GroupBy will be on hand to demonstrate the power of its Composable Product Discovery Platform and showcase customer successes and outcomes via a technology demo. Interested parties can stop by booth #1717 to tour the platform and speak to GroupBy experts to find out how they can help them transform their online shopping experiences.
With more than $300 billion in lost sales from search abandonment each year, the right product discovery technology is critical to a retailer’s tech stack. GroupBy’s Product Discovery Platform, powered by Google Cloud Discovery AI, transforms e-commerce and empowers brands to focus on retail.
The company’s search for the next generation goes beyond relevance. It uses its AI functionality to learn specific business and consumer patterns to deliver a Google-quality search result. In particular, search, powered by Google Cloud Discovery AI, learns and incorporates contextual information from customers, retailer-specific patterns, past website user behavior, and prioritizes products for sales, ultimately resulting in exceptional digital customer experiences and significant revenue increases for retailers and wholesalers.
“The retail industry is at a pivotal moment as brands adapt to changing consumer behavior while maintaining growth despite economic uncertainty. Technology plays such a crucial role in the industry today,” said Roland Gossage, CEO of GroupBy.
GroupBy’s end-to-end composable product discovery platform includes everything needed for omnichannel commerce: from search and recommendations to data enrichment, merchandising capabilities, and analytics and reporting.
GroupBy’s platform leverages both online and in-store data to help retailers create a seamless omnichannel shopping experience for modern consumers. Compared to traditional search solutions, brands that have migrated to GroupBy’s next-gen platform have seen significant revenue increases of 10-15%. GroupBy’s solution not only contributes to lower total cost of ownership through optimization and efficiencies in retailers’ tech stacks, but also allows brands to spend more time on strategic, revenue-generating business initiatives.
“We invite you to attend Shoptalk 2023 and see how together we can revolutionize e-commerce! Shoptalk is the perfect place for our experts to bring you an insight into how next-gen product discovery can redefine the shopping experience for our customers and increase revenue for you,” adds Gossage. “It’s going to be a great week in which reconnecting with our industry peers and leaders while showing what really sets GroupB apart from other offerings in this space.”
Shoptalk 2023 takes place in Mandalay Bay and brings together experts from some of the most influential and emerging brands and retailers. This year’s conference will host more than 10,000 retail professionals and will feature more than 275 industry leaders and innovators as session hosts and speakers. To reserve a time to meet with GroupBy’s experts or to learn more about their conference schedules, interested attendees can visit www.groupbyinc.com/resources/event/shoptalk-2023.
About GroupBy Inc.
GroupBy’s cloud-native SaaS technology powers the most relevant and highest converting e-commerce websites in the world. Our Composable Product Discovery Platform powered by Google Cloud Discovery AI provides industry-leading capabilities for data enrichment, search, recommendations, navigation, personalization, merchandising, and search analytics. GroupBy’s next-generation search and recommendation platform creates seamless e-commerce experiences optimized for your business outcomes, including revenue, margin and profit. We excel in complex, large-scale B2B configurations and in dynamic, high-volume B2C scenarios. Founded in 2013, GroupBy is headquartered in Toronto, Canada with offices in Austin, Texas.
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