Digital Wave Technology, a leading provider of AI-native enterprise solutions for industries like retail, consumer goods, and healthcare, has introduced the ONE™ Platform, which marks a new phase in AI application. This platform prioritizes Master Data Management (MDM) and product information intelligence, offering a unified data approach for grocers and consumer packaged goods (CPG) companies to better manage pricing, forecast demand, and optimize supply chains.
“The ONE™ Platform delivers a single source of truth, built on PIM and MDM, speeding up product innovation while significantly improving profitability, productivity, and customer experiences. It’s a game-changer for Digital Wave’s clients.”
Earlier AI applications were layered onto legacy systems, leading to data silos and limited results. Research from Coresight shows that consumer goods retailers frequently misprice 10% of their products, with over half struggling to execute promotional campaigns effectively. The ONE™ Platform, by centralizing product information, allows grocers, CPGs, retailers, and healthcare companies to securely harness AI for a unified approach.
Why the ONE™ Platform and the Second Wave of AI are Critical for Grocery
AI-native platforms like the ONE™ Platform integrate product information management (PIM), digital asset management (DAM), and MDM to ensure a single, accurate data source. This enables businesses to collaborate more effectively and drive revenue growth by streamlining operations, improving inventory management, and automating workflows.
Key Benefits of the ONE™ Platform:
- Improved Inventory Management: Reducing stockouts and overstocks through integrated category planning.
- Streamlined Operations: Automating workflows to eliminate data silos and enhance efficiency.
- Advanced Analytics: Optimizing pricing, promotions, and assortments to drive profitability.
Additionally, the platform supports native GenAI applications, enabling businesses to:
- Automate Product Attributes: AI generates product details for search, category management, pricing, and inventory planning.
- Create Custom Content: GenAI can produce tailored marketing campaigns, such as retailer-specific ads for holiday promotions, in seconds.
With its cloud integration, low-code support, and advanced security features, the ONE™ Platform empowers companies to develop AI-driven solutions quickly and securely.
“A lack of unified data is preventing consumer industries from fully leveraging AI,” said Lori Schafer, CEO of Digital Wave Technology. “The ONE™ Platform addresses this by providing a single source of truth, enhancing speed to market and driving significant improvements in profitability, productivity, and customer experience.”
To learn more, meet Digital Wave Technology at Groceryshop from Oct. 7-9 at Mandalay Bay, Las Vegas.
About Digital Wave Technology
Digital Wave Technology delivers AI-powered enterprise solutions for global industries like retail, consumer goods, and healthcare. Its integrated platform provides packaged, scalable applications and supports rapid development of custom solutions, giving companies a competitive edge. With a foundation in Product Information Management (PIM) and Master Data Management (MDM), Digital Wave enables businesses to innovate and optimize their operations. Learn more at www.digitalwavetechnology.com.
