Latest news with #CommerceIQ
Associated Press
21-05-2025
- Business
- Associated Press
CommerceIQ Announces Industry's First Suite of Agentic AI Teammates to Drive E-Commerce Sales and Profit Impact
Palo Alto, CA May 21, 2025 --( )-- CommerceIQ, the leading AI-powered digital commerce platform, unveiled Ally, a groundbreaking suite of role-specific AI teammates built to help brands drive sales, grow market share, and operate smarter across ecommerce platforms. Trained on real-world commerce data across more than 1400 retailers such as Amazon, Walmart, and Target, Ally gives ecommerce leaders immediate insights, recommendations to make up gaps in performance, and instant optimizations to improve spend based on a unified view of their business across retailers. 'Over the past 20 years, the biggest breakthroughs in commerce have come from those who mastered algorithmic retail,' said Guru Hariharan, CEO of CommerceIQ. 'Now, we're excited to help usher in the next era of the industry—with AI teammates that drive more profitable decisions, greater efficiency, and sustainable growth, even in uncertain economic times.' Ally teammates are purpose-built with expertise in ecommerce sales, retail media, and digital shelf. They're equipped to surface insights, produce executive-ready reports, optimize media spend, diagnose performance gaps, and provide strategic recommendations, giving teams the insights and automation they need to meet their goals with greater speed and efficiency. Each Ally teammate brings function-specific expertise: Ally Sales Teammate: Quickly pinpoints why sales are underperforming and recommends targeted actions to improve results across major retailers. Ally Category Teammate: Tracks content, availability, and pricing across SKUs to surface risks early and help teams keep products visible, compliant, and competitively positioned across hundreds of retail locations. The Ally one-click report generator has saved users hundreds of hours spent producing weekly, monthly, and quarterly management reports. Ally Media Teammate: Improves ad performance in real time by identifying underperforming campaigns early and optimizing spend using CommerceIQ's proprietary incrementality model with 50+ data points. Across early access customers, Ally Media Teammate improved iROAS by 55% while reducing cost per click by 13%. 'In the ultra-competitive poultry food category, we are always looking for ways to get more efficient with our media spend,' said Aaron Conkey, senior associate digital marketing manager at Pilgrim's Pride. 'CommerceIQ's Goal Optimizer, powered by Ally, made significant improvements in iROAS and sales while driving cost-per-click rates down — a perfect combination.' Ally teammates are available today, and additional capabilities like media optimization and gap-to-plan sales recommendations will be available by the end of Q2 2025. To learn more, please join the webinar 'Meet Ally: Your AI Teammate for Commerce' on June 4. About CommerceIQ The CommerceIQ AI platform powers profitable digital commerce growth for 2,200+ of the world's leading brands with AI teammates for retail media, sales, and the digital shelf. Built on a unified view of your business, CommerceIQ continuously analyzes performance to deliver real-time, actionable insights, provide recommendations, and automate workflows that improve share of search, maximize media ROI, and boost incremental sales. Designed to streamline reporting and outperform traditional rules-based systems, CommerceIQ is trusted by the world's top brands and a global network of 1,450+ partners. Learn more at Contact Information: Lauren Fairbanks 212-729-6120 Contact via Email Read the full story here: CommerceIQ Announces Industry's First Suite of Agentic AI Teammates to Drive E-Commerce Sales and Profit Impact Press Release Distributed by
Yahoo
25-04-2025
- Business
- Yahoo
Databricks to invest more than $250m in India
Data and AI company Databricks has unveiled plans to invest more than $250m (Rs21.36bn) in India over the next three years to enhance data and AI capabilities. The planned investment will support initiatives across training, research and development (R&D) and go-to-market operations. As part of this initiative, Databricks plans to grow its India-based workforce by more than 50% to more than 750 employees by the end of the current fiscal year. Databricks has also launched the India Data + AI Academy, an initiative aimed at enhancing the data and AI skills of the Indian workforce. The academy intends to train 500,000 partners and customers across the country over the next three years. It will offer a structured programme in data, analytics and AI, delivered through self-paced learning, AI-supported tutors and practical labs. Participants will receive Databricks certifications and accreditations upon completion. Databricks Learning & Enablement vice-president Rochana Golani said: 'The India Data + AI Academy will equip professionals with critical skills in data and AI, ensuring they stay ahead in the AI-driven economy. 'Through personalised learning paths and AI-driven skilling initiatives, we aim to shape the workforce of tomorrow and strengthen India's leadership in data and AI expertise.' Furthermore, Databricks has opened a new R&D office in Bengaluru, Karnataka. Located in Bagmane Capital Park, the 105,000ft² facility is intended to support innovation, collaboration and engagement with local customers and partners. Databricks engineering senior vice-president Vinod Marur said: 'Our investment in R&D in India, and particularly in Bengaluru, reflects our belief in the extraordinary technical talent found here. 'This year, we plan to hire an additional 100+ R&D engineers to strengthen our capabilities and deepen our roots in this vibrant technology community.' The Bengaluru centre is set to be integrated into Databricks' global R&D network, which includes offices in Amsterdam, Netherlands; Belgrade, Serbia; Berlin, Germany; and San Francisco, Mountain View and Seattle in the US. Databricks Asia-Pacific & Japan senior vice-president & general manager Ed Lenta said: 'India is one of our key growth markets for Databricks, and we are pleased that many leading organisations, including CommerceIQ, Freshworks, HDFC Bank, Swiggy, TVS Motors and Zepto, are leveraging the Databricks Data Intelligence Platform to drive innovation and transformation for their businesses. 'I am excited that all our investments in India will ultimately enable our customers to become more successful in their data and AI journey.' Last month, Anthropic partnered with Databricks to integrate its AI models, including the Claude 3.7 Sonnet model, into Databricks' Data Intelligence Platform. This collaboration aims to offer advanced AI capabilities to more than 10,000 companies, allowing them to build and deploy AI agents that reason. "Databricks to invest more than $250m in India" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
