GURGAON, India (PRWEB) November 14, 2020
15th November 2020: NASSCOM’s has recognized ParallelDots’ innovative platform and potential by judging it as a winner for the prestigious Emerge 50 awards.
“Being a part of NASSCOM Emerge 50 list is a testament to the growth we have witnessed in the last few months. It also reflects on our potential to grow as a Company. We are more motivated than ever before to become a leader in the retail-tech space. This is an exciting time for us as a Company”, said Angam Parashar, CEO of ParallelDots.
ParallelDots flagship product - ShelfWatch - empowers FMCG and retail clients to ensure perfect in-store visibility execution using computer vision technology. Kushank Poddar, ParallelDots Sales and Strategy Director said - “More than half of purchase decisions for consumer goods are made in-store. Brands do invest heavily towards trade marketing but there are leakages due to lack of scalable and credible ways to assess execution. ShelfWatch bridges this gap and helps brands achieve target visibility levels”.
Angam added “Clients see bridging of the execution gap as a low-hanging fruit to drive sales and market share growth. We have deployed ShelfWatch at large scale with some of the leading global consumer goods companies. Our vision is to become the go-to solution and empower consumer goods and retail companies across the globe to achieve perfect execution”.
About ParallelDots, Inc.
ParallelDots, Inc. is a fast-growing artificial intelligence company building image recognition products for CPG manufacturers and retailers globally. Their flagship product ‘ShelfWatch’ helps the CPG companies and retailers optimize their in-store execution and maximize sales. ShelfWatch has already been deployed at some of the leading Fortune 100 CPG companies globally.
About NASSCOM Emerge50:
Emerge50 Awards is India's most prestigious & prominent awards in the Software Product Industry, with the mission to find and recognize the most innovative software product companies who would be the future trendsetters. The vision of their program is to position India as a Software Product Nation.