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What is TCS Optumera?

As retailers craft their strategies for a post-COVID world marked by rising costs, shifting consumer behaviors, fierce competition, and strict safety regulations, their ability to adapt swiftly has become crucial. This urgent need demands a significant overhaul of retailers' operational frameworks. Moving forward, building resilience is key to unlocking substantial value and facilitating informed decision-making that relies on comprehensive data, predictive analytics, and intelligent, real-time insights tailored to local markets. TCS Optumeraâ„¢ provides an all-encompassing AI-powered retail optimization suite aimed at refining both merchandising and supply chain strategies in a unified manner. By utilizing this innovative technology, retailers have witnessed sales increases of 3-5%, nearly halved the time spent on operations, executed five times more strategies, and achieved a cost reduction of 20-30%. Additionally, it allows for the optimization of customer shopping baskets across multiple channels by considering demand transferability, consumer preferences, predictive analytics, and competitive products, ensuring a personalized shopping experience for every individual. This holistic strategy not only enhances operational efficiency but also equips retailers to excel in a swiftly changing market landscape while nurturing long-lasting consumer relationships.

What is Checklens?

Smart cameras in retail spaces enhance the checkout process for customers. By leveraging our cutting-edge AI technology, products are recognized as shoppers select them from the shelves, allowing for seamless synchronization between customer scans and product identifications. This pioneering approach corrects any errors or omissions in scans, whether they occur on mobile devices with scan-and-go functionalities or at traditional checkout counters. While self-checkout kiosks are designed to offer convenience, many customers find the barcode scanning daunting and challenging. Factors such as the hectic nature of busy stores and intentional fraud attempts contribute to inaccuracies in scanning. Our research reveals that these scan mistakes can significantly increase store losses, leading to an alarming 50% surge in shrinkage rates. Furthermore, we have noticed that as self-checkout solutions become more widely used, the incidents of store shrinkage also tend to rise. With the integration of our intelligent cameras, retailers can effectively tackle scanning issues at self-checkout stations while preserving accurate inventory counts. If a customer forgets to scan or input an item, our AI system prompts them to correct their basket and notifies store employees simultaneously. This innovative approach not only improves the checkout experience but also plays a crucial role in curbing financial losses for retailers, ultimately fostering a more efficient shopping environment. In doing so, it empowers stores to maintain their profitability while enhancing customer satisfaction.

Media

Media

Integrations Supported

AODocs
Acquia Cloud Platform
Adobe Advertising Cloud
Amazon Web Services (AWS)
Appian
Avaya Aura
BMC AMI Capacity and Cost
BeyondTrust Endpoint Privilege Management
Blueprint
Bosch IoT Suite
IBM Cloud
Informatica Cloud Application Integration
Ivalua
Microsoft 365
MongoDB
MuleSoft Anypoint Platform
SAP Cloud Platform
Splunk AppDynamics

Integrations Supported

AODocs
Acquia Cloud Platform
Adobe Advertising Cloud
Amazon Web Services (AWS)
Appian
Avaya Aura
BMC AMI Capacity and Cost
BeyondTrust Endpoint Privilege Management
Blueprint
Bosch IoT Suite
IBM Cloud
Informatica Cloud Application Integration
Ivalua
Microsoft 365
MongoDB
MuleSoft Anypoint Platform
SAP Cloud Platform
Splunk AppDynamics

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Tata Consultancy Services

Date Founded

1968

Company Location

India

Company Website

www.tcs.com/optumera-digital-merchandising-suite

Company Facts

Organization Name

Checklens

Date Founded

2018

Company Location

Austria

Company Website

checklens.ai/

Categories and Features

Retail Execution

AI / Image Recognition
Collaboration Tools
Data Collection
Inspection
Pricing / Placement Optimization
Product Education
Product Promotion Strategy
Retail Site Audit
Workforce Management

Categories and Features

Artificial Intelligence

Chatbot
For Healthcare
For Sales
For eCommerce
Image Recognition
Machine Learning
Multi-Language
Natural Language Processing
Predictive Analytics
Process/Workflow Automation
Rules-Based Automation
Virtual Personal Assistant (VPA)

Retail Execution

AI / Image Recognition
Collaboration Tools
Data Collection
Inspection
Pricing / Placement Optimization
Product Education
Product Promotion Strategy
Retail Site Audit
Workforce Management

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