{"id":139787,"date":"2023-12-12T18:00:14","date_gmt":"2023-12-12T18:00:14","guid":{"rendered":"https:\/\/www.rithum.com\/blog\/ai-cadeera\/"},"modified":"2023-12-12T18:00:14","modified_gmt":"2023-12-12T18:00:14","slug":"ai-cadeera","status":"publish","type":"post","link":"https:\/\/old.rithum.com\/au\/blog\/ai-cadeera\/","title":{"rendered":"Rithum accelerates customer time-to-value with AI acquisition\u202f"},"content":{"rendered":"<p><span data-contrast=\"auto\">Artificial intelligence has dominated retailer and marketplace e-commerce news. Retailers and brands are jumping to leverage AI to advance their businesses. For Rithum, AI goes beyond the buzz. \u201cWe think about it in a very customer-centric way,\u201d said Chief Product Officer Aarthi Ramamurthy.\u202f\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">It\u2019s less about the buzz around AI and more about helping customers achieve specific objectives, like listing products faster and launching on fast-growing social selling channels like TikTok, Ramamurthy said.\u202f\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Rithum acquired search and discovery startup Cadeera. This acquisition gives Rithum a multi-modal AI platform. It combines the latest advances in computer vision, language processing, and machine learning. This technology is useful for applications including product onboarding, search, and discovery.\u202f\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<h2><b><span data-contrast=\"auto\">Rithum uses AI insights to build more efficient and profitable businesses<\/span><\/b><span data-contrast=\"auto\">\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">This investment is part of a long-term strategy. The worldwide AI software market will grow from $64 billion in 2022 to nearly $251 billion in 2027 at a compound rate of 31.4%, according to a <\/span><a href=\"https:\/\/www.idc.com\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">forecast<\/span><\/a><span data-contrast=\"auto\"> by the International Data Corporation published in September 2023.\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Rithum is continuously learning how the latest technology can drive value for its customers.\u202f\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cWe really want to be able to see how the technology helps drive faster time to market, reduce costs, increase customer revenue, and other important problems our customers face,\u201d Ramamurthy said.\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Cadeera\u2019s AI technology has powered product onboarding and discovery capabilities for millions of products across the Americas and Europe, said Dr. Sebastian Spiegler, Cadeera, Founder and CEO.\u202f\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cWe are excited to scale the technology within Rithum\u2019s network to billions of products and tens of thousands of sellers and retailers across the world,\u201d Spiegler said.\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<h2><b><span data-contrast=\"auto\">AI saves businesses time by automating manual tasks<\/span><\/b><span data-contrast=\"auto\">\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">Rithum is using AI to build out channel mapping capabilities. \u201cWe can take a brand or supplier\u2019s product data and map it all internally to get one source of truth,\u201d Ramamurthy said. \u201cThen it feeds that information to any marketplace at the click of a button, getting their products up on these channels much more quickly.\u201d\u202f<\/span><span data-contrast=\"auto\">\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">Rithum\u2019s AI capabilities include automatic channel mapping with inventory compliance and error correction. Cadeera\u2019s technology will also be used toward product content generation and image validation, as well as recommendations of similar and complementary products. <\/span><\/p>\n<p><span data-contrast=\"auto\">AI also helps Rithum determine inventory personalization by identifying what inventory levels to maintain that align with customer fulfillment centers. The technology indicates how quickly merchandise can be delivered.\u202f\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cAI helps us determine how we keep the product\u2019s costs within the threshold that retailers want,\u201d Ramamurthy said.\u202f\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The technology will also be used for network discovery. This is where AI-based supplier and product recommendations allow retailers and brands to increase their virtual inventory with similar products from new suppliers to sell to their customers. \u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThis investment is just the beginning,\u201d Ramamurthy said. \u201cAI will be a game-changer for e-commerce \u2013 and it is happening faster than many realize. We continue to invest in and accelerate our capabilities in this area and look forward to significant expansion of AI across our entire platform.\u201d\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"auto\">Check back for updates to learn how Rithum\u2019s AI tools are driving profitable growth for brands, retailers, and suppliers.<\/span><\/i><span data-contrast=\"auto\">\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Artificial intelligence has dominated retailer and marketplace e-commerce news. Retailers and brands are jumping to leverage AI to advance their businesses. For Rithum, AI goes beyond the buzz. \u201cWe think about it in a very customer-centric way,\u201d said Chief Product Officer Aarthi Ramamurthy.\u202f\u202f\u00a0 It\u2019s less about the buzz around AI and more about helping customers [&hellip;]<\/p>\n","protected":false},"author":167,"featured_media":137637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"tags":[],"asset-type":[13744],"audience":[13407,13410],"bio":[15348],"topic":[15242],"class_list":["post-139787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","asset-type-blog-au","audience-brands-suppliers-au","audience-retailers-au","bio-rithum-team-au-2","topic-rithum-solutions-au"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.3.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rithum accelerates customer time-to-value with AI acquisition\u202f - Rithum<\/title>\n<meta name=\"description\" content=\"Commerce company, Rithum, acquired search and discovery startup Cadeera. 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