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Speaker BLet'S give a big Omni Talk welcome back to AWS's Danele Estropa Daniele is here to hand out this month's Retail Tech Startup of the Month award.
Speaker BDanielle, for those that may not remember, is the worldwide technical lead for AWS Partners in Retail at Amazon Web Services where he drives a technical strategy for AWS Partners in Digital Commerce, customer engagement and generative AI.
Speaker BDanelli, we're three months in to handing out this award and our first two Retail Startups of the month have been blowing up on YouTube, both with over 30,000 views so far.
Speaker BSo let's not make the audience wait any longer, let's not keep them in suspense.
Speaker BWho is August Retail Tech Startup of the Month please?
Speaker AThis month peak is Vodi and they are one of our partners.
Speaker AWe've been working with them for for bit over a year now and they are pioneering making E commerce data ready for AI and AI agents by building these intelligent data infrastructure solution.
Speaker AAnd the reason I picked them this month is because everything starts with data, right?
Speaker AAnd we know that good data in means good data out and good results, good conversions for our customers.
Speaker BDanelli, what was it about this company that really made you pause and be like this has to be part of our ecosystem.
Speaker BWhat kind of set them apart from others that you're seeing in the space?
Speaker AThe way we look at it is customer needs, right?
Speaker AAnd when looking at some of the customers challenges is product discoverability is one of those challenges.
Speaker AI'm sure we've all have been in that situation where we're trying to look for something to something and we cannot quite find the right thing that we have in our head, right?
Speaker AWhether because we're using different type of keywords or different search terms and many companies are tackling these by building a chatbot or investing in search technologies.
Speaker AHowever, what Vodi is doing is really tackling this issue at the root.
Speaker ASo at the data, right, we know that bad data means bad results.
Speaker ASo by tackling that we know that we can improve on many of these results.
Speaker AAnd what they are building is quite a sophisticated system that takes a messy product catalog in different shapes and forms and transforms that into an AI optimized data using state of the art multimodal large language model that they are specifically fine tuned for retail.
Speaker AAnd they achieve these in two ways.
Speaker AThe first one is that data extraction structuring of data from different sources, whether it's PDFs, spreadsheets and different sources and they're extracting that data to build these solid data Foundation.
Speaker AOn top of that, then they are injecting real world context to make this data optimized and available to AI agents and what will come in the future.
Speaker ARight.
Speaker ASo their data will understand different trends like Balletcore, for example, or what makes a good Father's Day gift, for example.
Speaker ARight, right.
Speaker AAnd I think what's quite unique or what's quite impressive about what they're doing is the kind of results that they are, that they're already driving and that some of their customers are seeing.
Speaker ATheir customers are seeing 10% improvements in conversion rates, which is huge.
Speaker ARight.
Speaker BYou know what's interesting to me too, Daniel, and what you're saying is like, you know, we've talked to a lot of companies in the, in the past who are using computer vision, AI to get the right data to attribute to the price.
Speaker BBut you're saying this is a different approach.
Speaker BYou're saying like, let's take the data that's being ingested from the foundation, understand it and then clean it and you know, whatever, whatever you want to call it, reformat it to then put it back out into the e commerce sphere, so to speak, for the now, but also for the future of AI.
Speaker BSo explain that in closing to us too, in terms of why is this such an important startup to be aware of for the average retail executive, particularly in terms of how the future is going to play out.
Speaker AData is at the foundation of everything.
Speaker ARight.
Speaker AOr many different aspects when it comes to retail and E commerce, whether it's search, functionalities, product recommendations, marketing decisions, merchandising, planning, there's lots of different aspects that could leverage emerge from having good data.
Speaker ARight.
Speaker ASo tackling this issue at the root of the foundation would really drive these benefits in many different areas of a retailer.
Speaker AAnd I think one thing that also sets Vodi apart here is the way that they work with customer.
Speaker AThe fact that as a customer, you don't need to go through expensive migrations to be able to leverage this kind of system, to be able to benefit from what they are building.
Speaker AVodi will just take whatever data you have and work with it.
Speaker ABut also the fact that by fine tuning or constantly fine tuning their models, they're also able to stay on top of trends, to stay on top of what's happening in the industry, what's happening in general in the world.
Speaker AAnd this gives an advantage to retailers as well because they can always be that one step ahead, one step ahead of their customers.
Speaker BThanks Denle.
Speaker BThanks Denle.
Speaker BAnd congrats to Vaati for being named August Retail tech startup of the month.
Speaker BAnd if you want to learn more, you can check them out at vad Vodi.
Speaker BCom V O D Y com.