DAVIS, CA - In the retail sector, which relies on the power of people, data is gold, and Engage3 Powered by Dexi is helping its grocery partners harness it. Through its Price Image Management Suite, the solutions provider works with eight of the top 10 largest retailers in the world to power their pricing intelligence while recommending and setting optimal pricing strategies.

"Pricing remains the most powerful lever on the P&L," said Edris Bemanian, Chief Executive Officer of Engage3. "As such, it remains our distinct privilege to be trusted by leading retailers across the globe to power their pricing strategies. The recognition we received in 2023 for our product innovation is a testament to the value we are driving for our customers. Our retail customers, for example, see a 340 percent increase in gross profit dollars, while our brand customers see an 8 percent increase in market share and a 5 percent increase in brand loyalty. Though we are proud of our progress, we are even more excited about what's ahead for us and our customers in 2024."

With Engage3’s continued R&D investments into its Price Image Management Suite, the product's positive impact on customers' pricing strategies, and its increasing market share, two independent analyst firms separately recognized the company as a Leader in Price Optimization for the fourth and second year in a row, respectively. According to a release, Engage3’s data harvesting platforms received three additional independent recognitions in 2023.

Engage3's Omnichannel Intelligence Module—announced in February and part of the company's Price Image Management Suite—is already trusted by many of the world's largest brands across the globe. Companies in finance, healthcare, private equity, media and entertainment, property tech, accounting, fast food, and more are also using Engage3’s solutions.

"Data is the lifeblood that powers Al algorithms," said Anup Doshi, PhD, Chief Technology Officer of Engage3. "In support of our customers, we more than doubled the amount of data flowing through our platforms on a year-over-year basis, pushed the boundaries of generative Al in our data harvesting and product linking algorithms, and optimized our infrastructure to improve time-to-data and time-to-insights for our customers. In 2024, we will be deploying significant enhancements to our Price Image promotional targeting capabilities that further enhance mass market, targeted, and personalized offers."

How will Engage3 continue its expansion? AndNowUKnow will follow along with the company’s progression.

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