Revionics Recognized as a Technology Leader in Quadrant Knowledge Solutions’ SPARK Matrix for Intelligent Retail and Promotion Price Optimization, 2021
The company was the highest rated supplier for “technological excellence” among 26 suppliers.
MIDDLETON, Mass. and AUSTIN, Texas, December 10, 2021 / PRNewswire / – Revionics, a Aptos Company and provider of retail pricing, promotion, markdown and advanced analytics solutions, today announced that it has been recognized as a 2021 Technology Leader in Quadrant Knowledge Solutions’ SPARK Matrix analysis of the global intelligent price optimization and retail promotion market.
The study provides competitive analysis and ranking of leading smart vendors of optimization of retail prices and promotions in the form of its SPARK matrix, providing strategic information to users to assess the capabilities of different vendors, differentiation competitive position and market position.
Notably, Revionics was the top rated vendor for “technological excellence”, surpassing the 25 other vendors rated in this report. The criteria used to measure technological excellence were the sophistication of the technology, the competitive differentiation strategy, the diversity of applications, scalability, integration and interoperability, as well as the vision and roadmap.
Revionics was also one of the top ranked vendors for âcustomer impactâ. This category rated vendors based on customer service excellence, unique value proposition, ease of deployment and use, proven track record, market presence, and business strategy and performance. products.
“With its strong customer value proposition, industry-wide expertise, sophisticated range of retail solutions, transparency in pricing recommendations, what-ifs and a transition from rules-based pricing In optimization, Revionics has positioned itself as the technology leader in the SPARK Matrix: Smart Optimization of Retail Prices and Promotion, 2021, âsaid Akshaysingh Chandel, Analyst, Quadrant Knowledge Solutions.
âThe main technological differentiators of the Revionics platform include SaaS; providing science-based pricing, promotions and competitive information; machine learning solutions to translate buyer information and competitive response; and AI to improve customer engagement, etc. Â», Added Chandel. âRevionics will continue to hold a strong position in the intelligent market for retail price optimization and promotions. “
As noted in the report, COVID-19 has sparked fierce competition among retailers, and consumers have become more price conscious. These factors, among others, have led to an increase in demand for advanced pricing solutions that give retailers the ability to present the right price at the right time to the right customer.
âThe pandemic and the rapid changes in consumer behavior have created a new sense of urgency to infuse AI into retail pricing practices,â said Scott zucker, Managing Director of Revionics, an Aptos company. âIn these times of extreme volatility, AI-based pricing strategies are essential to support robust and profitable demand and create much stronger price perception in the market.â
âAs more retailers look to embrace smart solutions for optimizing retail prices and promotions, we appreciate Quadrant Knowledge Solutions ‘recognition of Revionics’ leadership in this area and our proven track record in helping our customers to achieve better financial results, increase customer satisfaction and improve their competitiveness. post, âZucker concluded.
To download a free copy of Quadrant Knowledge Solutions’ SPARK Matrix for Smart Price and Retail Promotion Optimization, 2021, https://revionics.com/report/spark-matrix-intelligent-retail-pricing-and-promotion-optimization-2021/
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global consulting and advisory firm focused on helping clients achieve their business transformation goals through strategic and growing business advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and advisory deliverables are designed to provide comprehensive information and strategic insights to help clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more research available, please visit https://quadrant-solutions.com/market-research/
About Revionics, an Aptos Company
Revionics LLC, an Aptos Company, provides enterprise retailers around the world with cutting edge science-based pricing, promotions, markdowns and competitive information solutions to inform their way through the price optimization process cycle. of life. As a trusted partner of top retailers in a variety of industries and markets, Revionics delivers unmatched results in terms of return on investment, increased profits, process efficiency and more.
Powered by robust analytics and advanced AI models, Revionics gives retailers the clarity and confidence to make optimal pricing decisions. With science at the center, Revionics’ machine learning capabilities translate consumer, competitor, and market data into actionable insights and transparent price recommendations for high impact results.
Revionics is a registered trademark of Revionics, LLC. All other company and product names may be trademarks, registered trademarks, or service marks of companies with which they are associated.
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SOURCE Quadrant Knowledge Solutions