Category: Future of Shopping
Slyce Inc., a leading image recgnition technology platform, has informed on march 22, 2016 on Marketwired its partnership with Shoe Carnival, a footwear and accessories retailer, to introduce their automated 3D visual search technology in the retailer’s web page, ShoeCarnival.com.
Mobile visitors will be able to upload a picture of any footwear to the web page, and automatically they will be able to find the same or closest matching product from Shoe Carnival wide product line. Shoe Carnival will benefit all of their multi-channel strategy with innovative and efficient ideas for their clients. Slyce will acquire its revenues from the software licensing and service fees over the term of the contract.
Workers from both companies have demonstrated their satisfaction in the new partnership; Kent Zimmerman, VP of eCommerce at Show Carnival, stated that this innovative idea will benefit their customers with a useful shopping experience. Mark Elfenbein, Slyce’s CEO, indicated that this represents a milestone for the company since it is one of the very first, large-scale visual search placements in the market.
Slyce Inc. is a leading visual search technology platform that delivers sophisticated image recognition technology to retailers and e-retailers for a developed and efficient costumer engagement founded by Cameron Chell and Erika Racicot through their company Business Instincts.
Slyce Inc. uses their visual search technology to help costumers purchase an item with a picture of the desired product. Slyce develops the technology so retailers can use their software on a desktop or mobile applications, and has worked with the top 20 retailers of the United States such as JC Penney, Neiman Marcus and Urban Outfitters.
The company offers several products and platforms; however, the Snap-to-Buy product recognition has acquired popularity among retailers. Another product renowned is the Visual Relevancy Engine which compares the characteristics of a product in a picture to deliver similar products. Slyce is now announcing Scout, a product that offers the costumers the best deals on the market so they can save money. Slyce acquires its revenues from multiple streams such as the software licensing, service fees, purchase transactions, program promotions that are delivered over the term of the contract.