The AI and Data Science Solutions, Tredence announced the release of ATOM.AI, a platform intelligently engineered to make use of AI to quicken the modernization of data and analytics. The premier retail industry trade exhibition organized by the National Retail Federation, Tredence made an official announcement at NRF, about the debut of ATOM.AI for consumer and retailers goods companies.
ATOM.AI shortens the time to value by 50%, assisting enterprises in transforming data into successful outcomes. Through its sophisticated AI/ML capabilities, technical notes, pre-built feature store, rich data sets, and third-party integrations, the platform does this.
Morgan Seybert, Chief Business Officer of Retail at Tredence said, “Retailers are sitting on mountains of data, but most are struggling with data stuck in legacy siloes and insights that can’t keep up with double-digit inflation. Tredence drives data strategies and AI-based decisions for 6 of the top 10 world’s largest retailers, powering $1 trillion USD in revenue. We are thrilled to announce the launch of ATOM.AI, an end-to-end ecosystem of AI accelerators designed to solve the hairiest data engineering and data science challenges for retailers and help them unlock the power of their data.”
Tredence was founded in 2013 by Shub Bhowmick, Sumit Mehra, and Shashank Dubey to bridge the gap between insight delivery and value realization by offering clients a differentiated approach to data and analytics through specialized solutions.
“CPG business leaders are yearning to achieve precision at scale through AI, but creating fit-for-purpose solutions in the face of insufficient granular data and skyrocketing cloud costs is a challenge. Tredence’s deep expertise in tackling those problems for 6 of the top 10 CPGs is baked into ATOM.AI, driving precision innovation at speed and scale. Enriched harmonized data coupled with pre-built AI solutions in Revenue Growth Management (RGM), Route-to-Market (RTM), supply chain, shopper analytics and sustainability is what our customers are signing up for, expediting their time to value by 50%,” said Sagar Balan, Chief Business Officer, CPG at Tredence.
At NRF, Tredence will formally introduce Atom.AI, which is supported by the Databricks Lakehouse framework and claims to accelerate the development and execution of AI applications targeted at retail and CPG. Atom is powered by top hyperscalers, data, and AI platforms.
Five modules in AI are intended to increase efficiency across each stage of developing and deploying an AI solution-
- Data Works – To synchronize external and internal data and create a comprehensive feature repository.
- Algo Works – To expedite the creation of ML models and enhance algorithm performance.
- UI/UX Works – Advance application design with UI/UX templates pre-built.
- Solution Works – To create pre-built AI/ML solutions for various sectors.
- Automation works – To integrate, coordinate, provision, deploy, and scale AI.
Tredence revealed its $175 million Series B fundraising round from Advent International last month. Tredence will be able to improve its operational excellence, IP and accelerator library, channel partner development, and vertical and domain knowledge with the support of the new funding.