In an interview with CNBC-TV 18’s ‘StartUp Street’ segment, CEO of Intelligence Node, Sanjeev Sularia covered multiple points ranging from the changing retail environment, COVID-19 and its implications on the retail sector to rise of digital-first, omnichannel approach, etc.
He dived into how the retail segment is on a brink of a digital revolution and the approaches retailers and brands are adapting to stay competitive. With the rise in e-commerce as a preferred choice for a major segment and a further acceleration of this trend owing to COVID-19, he spoke about how a digital-first approach is no more ‘good to have’ but is a ‘must-have’ to ensure growth and profits.
He also touched upon how AI-powered price intelligence solutions with real-time competitive insights are key to building a stronghold against e-commerce giants like Amazon and Walmart. These solutions not only help retailers provide the most competitive prices in real-time but also ensure product-level profitability and margin growth.
Watch the interview here and get deeper insights into the disruptive retail market and the role of price intelligence and digital-first, integrated solutions in making your businesses future-ready.