LTIMindtree Wins "Data Solution Of The Year For Retail" Award By Data Breakthrough
Prestigious International Awards Program Recognizes Outstanding Data Technology Products and Companies
LOS ANGELES, Aug. 2, 2023 /PRNewswire-PRWeb/ -- Data Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global data technology market, today announced that LTIMindtree, a global technology consulting and digital solutions company, has been selected as the winner of the "Data Solution of the Year for Retail" award. This is the second consecutive year that LTIMindtree has won the prestigious recognition.
LTIMindtree's AI-driven solution suite, REDAR, has been recognized for its standout innovation which powers eCommerce growth strategy by helping organizations understand product portfolios, provide competitor insights, and identify emerging market trends.
REDAR has a standard data model and cognitive engine powered by multiple natural language processing (NLP) models. It has built-in research intelligence with drill-down insights capability from ecommerce data. The solution suite allows companies to stay ahead of market trends with visibility into portfolio performance, identifying new opportunities, key product and pricing attributes driving sales, and analyzing product performance by geographies, categories, and subcategories. Companies can gain competitor insights by tracking moves and analyzing competitive intel to instantly compare top competitors' sales, product offerings, and pricing strategies.
"We are honored to be among the 2023 winners of the Data Breakthrough Awards," said Sudhir Chaturvedi, President & Executive Board Member, LTIMindtree. "LTIMindtree REDAR combines market intelligence, product performance and portfolio management through algorithmic interventions to arrive at actionable recommendations on pricing, new product opportunities, and promotional strategies. The features of this solution suite can help retail companies to optimize their marketing mix, define adaptable customer experience, and stay ahead of the demand curve."
"A confluence of trends, disruptions, changing behavior patterns, and the rise of technology touchpoints has redefined the overall retail environment. Today, digital commerce has taken on the mainstream market by dictating how consumer experience can be amplified with the convergence of products and technology. The e-commerce industry is enormous and growing at a rapid rate, but it comes with its own share of challenges of shaky customer loyalty, tough competition, and unsustainable product differentiation," said James Johnson, Managing Director, Data Breakthrough. "LTIMindtree's breakthrough REDAR solution powers growth for retail businesses with intelligent insights to decode market demand and provide an edge in steering growth in the digital market by delivering quantifiable actionable insights. Congratulations to the LTIMindtree team for bringing home a well-deserved 2023 Data Breakthrough Award."
The annual Data Breakthrough Awards is the premier awards program founded to recognize data technology innovators, leaders and visionaries from around the world in a range of categories, including Data Analytics, Big Data, Business Intelligence, Data Storage and many more. The 4th annual Data Breakthrough Award program attracted more than 2,000 nominations from across the globe.
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About LTIMindtree
LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 84,000+ talented and entrepreneurial professionals across more than 30 countries, LTIMindtree — a Larsen & Toubro Group company — combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. For more information, please visit https://www.ltimindtree.com/
About Data Breakthrough
Part of the Tech Breakthrough organization, a leading global provider of market intelligence and recognition platforms for technology innovation and leadership, the Data Breakthrough Awards program is devoted to honoring innovation and market disruption in data technologies, services, companies and products. The global Data Breakthrough Awards program provides a forum for public recognition around the achievements of data companies and solutions in categories including data analytics, management, infrastructure and hardware, storage, Business Intelligence and more. For more information visit DataBreakthroughAwards.com.
Media Contact
James Johnson, Data Breakthrough, 213.255.3658, [email protected]
SOURCE Data Breakthrough
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