May 14, 2020
The Discovery 50 report, published today by RWRC, showcases the world’s top tech start-ups and shines a light on innovative solutions that can support the retail sector – both during the pandemic and in the future.
We are proud to announce that Aura Vision is among the top 50 retail tech start-ups operating globally, according to a new report published today by RWRC – home of Retail Week and World Retail Congress.
At Aura Vision, we believe that a picture is worth 1000 words. This is why we help retailers discover insights that lead to valuable eureka moments, using clever AI and your existing security cameras. Retailers worldwide are scrutinizing their business models more closely than ever, as they grapple with the impact of the coronavirus crisis and seek to deliver sales and maintain relevance among consumers.
There is a growing realization in boardrooms that collaboration with start-ups and third parties is crucial to achieve these aims and to better position businesses within the new post-Covid-19 world of commerce.
Profiling the top 50 global retail tech start-ups, the Discovery 50 report analyses the influential role start-ups including Aura Vision play in this new world. Start-ups were judged and shortlisted by a panel of retail and business experts including retail consultant Ian Shephard, retail analyst Natalie Berg, former Morrisons CTO Anna Barsby, Co:Cubed chief executive Jeremy Basset, Retail Week head of insight Lisa Byfield-Green and more.
The report also offers advice on how leaders can open themselves up to new and different ways of thinking and the benefits this can have on the bottom line. For instance, a 2018 report from professional services company Accenture found only 6% of corporate businesses were generating a significant proportion of their income from new activities and investments. However, this same 6% reported the strongest financial performance of all 1,440 companies Accenture surveyed.
Retail Week commercial content editor Megan Dunsby commented:
Now is the time for businesses to think about how they could work differently with the start-up community and build synergies; from creating a fast-track, light-touch process for forming contractual relationships to pre-allocating some funding that can be used for trials.
Retailers should look to the Discovery 50 as a directory of the best start-ups to work with.
Aura Vision has implemented pilot schemes within weeks of starting conversations with a retailer and has been able to integrate full-scale solutions within a matter of months, delivering massive returns on investment. You can access the Discovery 50 report in full here.
A massive thank you to all of the retailers that have worked with us along the way! If you would like to learn more about what sets Aura Vision apart as a retail analytics solution; get in touch via firstname.lastname@example.org