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The partnership will provide AI and predictive analytics tools for superior customer experiences, smarter inventory and fulfillment decisions, driving 9-12% gross profit growth annually.
New Delhi And Toronto, January 11, 2023 /PRNewswire/ — Tech Mahindra, a leader in digital transformation, consulting and business reengineering services and solutions, today announced a global strategic partnership with Retalon, a leader in retail AI and retail analytics solutions. The partnership will enable retail and CPG organizations to gain better customer insights, improve decision making and increase operational efficiency.
Together, Tech Mahindra and Retalon provide a unified shared analytics platform to help enterprises unlock greater value in end-to-end planning, inventory management, supply chain network strategy, pricing and promotional optimization. Joint efforts provide an integrated solution to make smarter inventory and replenishment decisions, resulting in 9-12% improved gross profit per year.
Jagdish MitraChief Strategy Officer and Head of Development, Tech Mahindrahe said. “The retail and CPG industry is undergoing significant change. With the integration of physical and online shopping platforms, digital transformation has become a priority today as it helps retailers increase profitability, streamline processes and become more efficient. The collaborative ecosystem is sustainable for an industry in such a constant state of growth. Foundation is key. Our partnership with Retalon empowers retail and CPG businesses to accelerate digital transformation and address industry challenges such as supply chain risks, operational efficiency, and hybrid and multidimensional consumer journeys. Our combined efforts will further drive the global retail ecosystem with next-generation technologies. We firmly believe.
The partnership will combine Tech Mahindra’s Retail and Consumer Goods (RCG) and digital services with Retalon’s Artificial Intelligence (AI) and Predictive Analytics tools to deliver superior customer experiences.
Mark CanningVice President, Business Development and Channels, Retalon said “We are honored and excited to partner with Tech Mahindra to address the most pressing needs facing retail and CPG companies today. Together, we’re building a robust, collaborative ecosystem that enables retailers and CPG companies to access the profitable, high-margin, 21 solutions they need.St Business of the century – in one comprehensive package. Tech Mahindra’s global reach, expertise and digital transformation solutions and services complement Retalon’s expertise and AI-driven retail and CPG planning, inventory and promotional marketing solutions to jointly grow each organization’s business.
This strategic partnership will further strengthen Tech Mahindra’s market position and expand its global retail portfolio to meet the changing and dynamic needs of its customers. The partnership will focus the company’s focus under the NXT.NOW™ framework on leveraging next-generation technologies to deliver disruptive solutions today and further enable digital transformation.
Tech Mahindra and Retalon, Inc. They will be at the biggest exhibition in retail – NRF 2023 new york from January 14 – 172023. At the show, Tech Mahindra will showcase its innovative, customer-centric digital experiences and focus on direct-to-customer (DTC), digital supply chain, 5G, sustainability, blockchain, metaverse, artificial intelligence. , Virtual Reality/Augmented Reality and more to enable end-to-end digital transformation for global customers.
About Ritalin:
We empower retailers with modern, data-driven predictive analytics and retail AI solutions for planning, merchandising, inventory management, price optimization and more. Our analytics platform is designed with the dynamic omnichannel retail environment in mind. Our cloud-based solutions are built on a single, comprehensive platform that provides retailers with superior predictive accuracy, streamlined automation and business intelligence support tools that deliver tangible results.
For more information about Retalon, please visit www.Retalon.com
About Tech Mahindra
Tech Mahindra delivers innovative, customer-centric digital experiences that empower enterprises, partners and communities. We a 6 billion dollars An organization with 163,000+ professionals in 90 countries, serving 1279 global clients, including Fortune 500 companies. We are focused on leveraging next-generation technologies including 5G, Blockchain, Metaverse, Quantum Computing, Cyber Security, Artificial Intelligence and more to enable end-to-end digital transformation for global customers. Tech Mahindra is the only Indian company to welcome HRH the Prince of Wales. Terra Carta seal For the commitment to create a sustainable future. We are the fastest growing brand in terms of ‘brand strength’ and among the top 7 IT brands globally. Through the NXT.NOW™ framework, Tech Mahindra aims to foster a ‘human-centric experience’ for our ecosystem and create collaborative disruption with synergies arising from our strong portfolio of companies. Tech Mahindra aims to deliver tomorrow’s experiences today and believes that ‘the future is now’.
Founded in 1945, we are part of the Mahindra Group, one of the largest and most respected multinational companies with 260,000 employees in over 100 countries. It has a leading position in agricultural equipment, utility vehicles, information technology and financial services. India And it is the world’s largest tractor company by volume. It has strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group is committed to leading ESG globally, enabling rural prosperity and enhancing urban livelihoods with the vision of making a positive difference in the lives of communities and stakeholders.
Connect with us at www.techmahindra.com || Our social media channels
Source Retalon Inc.
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