GS1 Connect 2019June 19-21 Denver, CO
Register by April 15, 2019 to receive Early-Bird Pricing!
The Startup Lab, a new feature at the GS1 Connect Conference, was comprised of startup organizations who pursued disruptive technology innovations. These top finalists, each individually selected from a Call for Innovations, presented their ideas and exercised their skills during The Startup Lab Pitch Competition.
Learn more about the 2019 Startup Lab Finalists below:
B&M Technology's mission is to bring the convenience of online shopping to the in-store shopping experience. B&M Technology's core solution is called Check'D, a mobile self-checkout application that enables retailers to capture revenue from customers looking to make a quick purchase and retailers looking to repurpose their cashiers for more value-added tasks.
Studies have shown that approximately 30 percent of customers abandon the checkout line when forced to wait more than five minutes. In fact, 77 percent of customers are less likely to shop in retail stores if they experience long lines. It is estimated that, as a result, apparel retailers are losing approximately $1.4 billion in annual revenue ($38 billion across the entire retail industry).
Check'D was designed to provide a consistent and centralized self-checkout experience for customers and enables apparel retailers to retain sales from customers on the go by delivering the convenience of online shopping at a low cost.
Fabulyst enables aspirational discovery of fashion and lifestyle products in digital and physical shopping scenarios. Fabulyst Tagging 3.0 is a platform that uses computer-vision-enabled modules to recognize thematic features from a set of product images. The platform is used by fashion and lifestyle retailers/e-com to generate labels (tags) which aid the use cases of cataloging, merchandising, SEO, in website dead-end search queries, and personalization.
Retailers currently lack the ability to translate images into textual tags. Fabulyst identifies trends from social media by processing hundreds of thousands of images every month, then tags those trends to products on an e-commerce platform to boost sell-through rates by up to 50 percent.
Fabulyst enables users to search with their natural intents, e.g., “bohemian dress for beachwear that flatters my height.” It also has the capability of correlating tagged traits based on geographical differences, e.g., the same color that is considered “white” in the Northeast may be considered “satin white” in the south and “cream” in the west.
Industry:Apparel, Consumer Packaged Goods, Grocery
IceCream Labs provides on-demand Intelligent Category Management for e-commerce grocery retailers and direct-to-consumer fashion brands.
The IceCream Labs Intelligent Category Management solution includes automatic catalog enrichment using machine learning and machine vision to extract information from CPG packaging. The solution generates product catalog data including SEO product titles, automatic categorization, and complete metadata. The solution then parses the product catalog to generate an ordered list of approved replacement merchandise to keep the customer happy and maintain the cart size.
IceCream Labs is making it easier for retailers to create and maintain their online merchandising for the benefit of both the end consumer and the retailer.
Industry:Apparel, Consumer Packaged Goods, Foodservice, Fresh Foods, General Merchandise, Grocery, Hardlines, Healthcare, Other
IDLogiq is a provider of anti-counterfeit systems with military-grade cryptographic identity authentication, real-time track and trace, and rich media communication.
From counterfeit medicines to fake handbags, the business of counterfeit goods is one of the largest underground industries in the world, resulting in $1.8 trillion in financial damage and a death toll of one million lives in 2017.
The technology requires only an application on any smart device and is very easy to integrate into any existing supply chain. The platform allows for real-time communications and engagement with end-users and consumers, empowering consumers to authenticate all products they are planning to purchase and giving companies direct access to their customers.
With the ability to detect counterfeit items and identities either within the supply chain or at the end user, IDLogiq will create a secure ecosystem to increase safety for consumers and protect branding and IP for manufacturers.
Technology:Artificial Intelligence & Visual Search
LexSet is an interior design-focused SaaS Vision Artificial Intelligence (AI) for furniture retailers to improve product discovery and conversion through visual search to address the problems and pain points of furniture shopping online. It increases conversion by improving the discovery process for retail furniture e-commerce and reduces time and friction in the bidding process for contract furniture sellers.
While 80 percent of shoppers are researching online, furniture has the lowest conversion rate in e-commerce at 1.5 percent.
LexSet Visual Search (LVS) is the world’s only image search tool built expressly for furniture discovery—unlocking more sales and driving revenue. LVS can be integrated into a retailer's website or mobile app’s search bar, or on existing inspiration images to make marketing content more shoppable. LexSet’s AI has been trained specifically to understand style, function, and the relationships between objects in space. The interface is simple, easy to use, and can be implemented to the customer’s exact specifications.
This solution empowers non-designers to improve their space, removing the anxiety and pain of interior design, and helps existing designers do their jobs more effortlessly. Smaller companies in the furniture space can better compete with major on-line powerhouses.
Industry:Consumer Packaged Goods, Fresh Foods, Grocery
Technology:Artificial Intelligence & Omni-Channel Integration
locai offers eCommerce SaaS solutions for grocery, inclusive of unique features such as personalized recipe and product recommendations powered by AI.
locai’s solution aims to provide consumers with a more relevant, engaging, and convenient way to shop for food online. locai’s meal-planning feature has been proven to increase basket size, customer engagement, and loyalty. By using AI to parse recipes into ingredients and quantities, and by understanding a customer's specific preferences and purchase history, the solution is able to present recipes that customers immediately engage with as part of their shopping journey.
locai’s meal-planning solution provides consumers with personalized one-click convenience in shopping for multiple items at once. It also minimizes food waste by helping customers understand how much of an item is used in a recipe and other recipes that can use items not fully utilized.
Industry:Apparel, General Merchandise, Consumer Packaged Goods, Fresh Foods, Grocery, Hardlines, Healthcare (Pharmaceutical)
Retailers are losing tens of millions of dollars annually in missed market opportunities because it takes too long to get items onboarded correctly (between 4-8 weeks per item). Antiquated processes, especially in the digital space, are slowing retailers’ desires to grow their product assortment, grow attribution, and scale exponentially (across omnichannel). Retailers are also experiencing supply chain bottlenecks due to incorrect data/item attribution errors.
Simplista is a next-generation cloud platform that gets new items onboarded into retailers' systems in days—not weeks or months—giving retailers additional time to sell and generate incremental annual gross margin. Purpose-built for retail (both online and brick-and-mortar), Simplista automates item onboarding and item maintenance, ensuring speed to market and data integrity while eliminating operational friction and minimizing costs. The technology onboards items from any source, automatically integrates supplier and retailer data, publishes accurate listings directly into retailers’ back-end systems, and executes item changes in real time.
By speeding up the item onboarding process, retailers gain additional time to sell new items that generate their highest margins. Process and speed efficiencies also generate millions of dollars in annual cost savings. Accurate item data reduces downstream supply chain process failures, offering retailers additional millions in cost savings. On the supplier side, faster onboarding means suppliers can sell more of their new products as they are introduced. Suppliers are paid faster, given the accurate POs made possible by Simplista’s technology. Suppliers also enjoy greater visibility into the item onboarding process.
Industry:Healthcare (Medical Device)
Summate has developed a set-mapping/scanning solution based on point-of-use, intra-surgical implant usage scanning.
The $45 billion implant supply chain, especially in the trauma and spine markets, is plagued by manual, error-prone supply chain processes. Due to the lack of a scanning/supply chain automation solution in the market, there are literally billions of dollars in waste in the U.S. implant supply chain alone. Studies show that up to 50 percent of implant records are incorrect due to the manual nature of recording usage.
Inability to scan orthopedic implants, such as small orthopedic screws, has plagued the UDI program since its inception. Summate is the first set-mapping company that can scan all surgical asset usage in the sterile field at point-of-use. The solution can retrofit and tag existing field sets so that implant usage can be scanned, making it cost effective and relatively easy to implement.
We’re adding to the conference agenda weekly. Give us your contact information and we’ll keep you up-to-date on all the exciting changes and additions to the GS1 Connect 2019 schedule.