We had the opportunity to meet with Andy Pandharikar, CEO/Co-founder of Commerce.ai during the IT Press Tour at the Plug and Play Tech Center in Silicon Valley. Andy’s vision for his new company is providing self-driving commerce for consumer packaged goods (CPG) companies by training AI to understand every consumer product in the market and to gain insights on what makes a product successful, as well as identify market trends.
This is a joint project in conjunction with Walmart and the client list includes Chanel, Unilever, Coca Cola, SC Johnson, Rakuten, and many more. 90% of the content they monitor is unstructured feedback and 10% is structured data. Text, images, voice, videos have exploded online since 2014. 85% of consumer products fail in the first two years. SKU level data drives intelligence platform for CPG