Bamboo Rose , a leading provider of retail management solutions to blue-chip clients around the world, is pleased to announce the acquisition of Verteego – a proven automation platform focused on AI-powered decision intelligence in the supply chain. This acquisition is a critical step in Bamboo Rose’s mission to give retailers the tools they need to automate complex decisions and unlock the full potential of their data.
Faster, smarter and more actionable AI-powered insights for optimized retail decision-making
Gartner’s Market Guide for Decision Intelligence Platforms* (July 18, 2024) recommends: “Take decision making to the next level by extending DI [Decision Intelligence] to optimize cross-functional decision networks and apply it to more adaptive, situational, ad hoc decision making that paves the way to autonomous business operations.” The report goes on to say: “By 2026, 75% of Global 500 companies will adopt decision intelligence practices, including logging decisions for later analysis.”
Verteego was recognized as a Representative Vendor in the report. The provider extends the Bamboo Rose Retail Management Platform with the highly requested AI capabilities. This integration helps retail leaders make better decisions faster and with less effort by delivering accurate and actionable recommendations for every operational function – from concept to creation.
Also Read: Riskified & Appriss Retail Launch Omnichannel Returns Fraud Solution
Turning the AI promise for retail management into reality
“Both teams worked immediately and long-term toward a future where Verteego’s AI-powered decision intelligence capabilities will be integrated into the Bamboo Rose platform. Our AI will act as an intelligent orchestrator, providing detailed support and guidance across the entire Bamboo Rose Retail Management Platform. With the NRF just around the corner, this is the perfect time to take our AI show on the road,” said Rupert Schiessl , Founder and CEO of Verteego .
“The market is littered with companies that couldn’t wait to give themselves some semblance of an AI story. This has resulted in one-off, vertically focused approaches that are very difficult to leverage across multiple use cases and large data sets,” explains Matt Stevens , CEO at Bamboo Rose. “Our trademark is efficiency at scale. Bamboo Rose’s AI-powered decision intelligence leverages our customers’ data horizontally to unlock unprecedented automation and effectiveness gains end-to-end – from planning, development and procurement to global trade management.”
SOURCE: PRNewswire