SGS, the world’s leading testing, inspection and certification company, has published a Consumer Compact article looking at the problem of high return rates in e-commerce and considers the benefits of taking an AI-enabled approach to website data improvements.

The US National Retail Federation estimates return costs of USD 166 million for every USD 1 billion in sales. In 2021, US businesses were estimated to have lost USD 761 billion in lost sales. What can retailers do to improve customer satisfaction, reduce return rates, increase conversion rates and ensure regulatory compliance?

SGS’s Consumer Compact article looks at the issues surrounding low conversion rates and high return rates. It urges a rethink in the way online retailers operate – from the perspective of the customer – and the benefits of taking an AI-enabled approach to finding bad product data.

Read the original Consumer Compact article, ‘Turning Browsers into Satisfied Online Shoppers’.

SGS Solution

Truum™ is an AI-enabled autonomous scanning tool that reviews online catalogs and automatically identifies product pages at risk of creating bad data points. It reduces the need for retailers to manually check each product page for missing, incoherent or erroneous data, allowing them more time to focus on their customers.

Truum™ helps retailers provide more accurate and informative product data to ensure regulatory compliance, higher conversion rates, reduced return rates and higher customer satisfaction levels.

Learn more about Truum™.

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For more information, please contact: 

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Website: www.truum.com

LinkedIn: sgs-consumer-goods-&-retail

About SGS

We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for quality and integrity. Our 96,000 employees operate a network of 2,700 offices and laboratories, working together to enable a better, safer and more interconnected world.

Bioimage analysis software provider KML Vision GmbH and MedTech company PreciPoint GmbH have embarked upon a joint collaboration initiative. This exciting new partnership will integrate the development, sales, and marketing efforts of both companies, to deliver end-to-end imaging solutions for users in the digital pathology market.

Together towards a cohesive bioimage acquisition and analysis process

The partnership between the two companies will provide research users in life sciences with complementary microscopy imaging, bioimage analysis, and data management solutions, as an attractive combined product offering. This combined offering addresses the ever-increasing demand from users for solutions that are truly digital, easy-to-use, and comprehensive in terms of covering the whole imaging process. Customers will benefit from streamlined workflows and new possibilities for image analysis offered by combining PreciPoint’s imaging devices and KML Vision’s software solutions.

“In PreciPoint's microscopy products we see an innovative and reliable technology to provide high-quality data for flexible AI-based image analysis using IKOSA. Joining forces creates many opportunities for our customers to smoothly integrate different aspects of their lab workflow using state-of-the-art solutions,” notes KML Vision CEO, Philipp Kainz.

“Teaming up with KML Vision, a highly regarded specialist in its field, reflects our dedication to optimizing all aspects of the lab workflow for our clients. The AI-based image analysis solutions offered by our collaboration partner are very innovative and provide our customers with a significant edge for processing analytical questions and driving research outcomes. From bioimage acquisition to automated data analysis, our clients are now able to experience truly digital workflows for their imaging challenges,” shares PreciPoint CEO, Dominik Gerber.

This set of shared goals orientates both companies to deliver product- and service synergies that expand the digital pathology possibilities for their customers.

Introducing both collaboration partners

About KML Vision

KML Vision develops award-winning microscopy image analysis solutions for the needs of life science research. Powered by the latest Artificial Intelligence technology, their flagship software product, the IKOSA Platform, empowers customers to create their own unique bioimage analysis applications without requiring writing any software code. IKOSA solutions deliver quick, reliable, and reproducible insights into complex life science questions, while supporting more efficiency, flexibility, and precision in research.

About PreciPoint

PreciPoint, is internationally known for their digital microscopy devices, such as Fritz and M8, providing industry-leading solutions for microscopy imaging, slide acquisition, image streaming, and digital transformation. PreciPoint’s user-centric approach to virtual microscopy removes barriers in histology labs by making workflows easier and more efficient. Their cutting-edge health tech solutions help to digitize and transform laboratory practice by empowering pathologists with new possibilities for digitization, remote and virtual collaboration, as well as for new business models. PreciPoint has its headquarters near Munich, Germany, and is certified according to ISO 13485:2016. 

Contact:

KML Vision GmbH

Nikolaiplatz 4/II, 8020 Graz,

Austria Tel.: +43 680 156 75 96

Website: https://www.kmlvision.com

Royal Orchid & Regenta Hotels Limited (ROHL), the fastest-growing Indian hospitality chain on the back of a regional expansion and brand diversification of the Regenta by Royal Orchid brand across India, ROHL is offering two exciting stay and food & beverage offers for travellers.

The hotel chain has rolled out the ‘book now stay later’ package. The newly launched packages will offer a 50% discount across the hotel’s existing portfolio. Guests can book any participating hotels across India and get up to 50% discount on rooms and 5050 points on the Wanderlust Loyalty Program. The booking period for this package is until 31^st January 2023 while the stay period is until 30^th June 2023. Terms and conditions apply.  

Guests can also enjoy a 50% discount on the bill for food and beverages at any of the participating restaurants across India. The package is valid for a maximum group of six adults until 31^st January 2023. Terms and conditions apply.  

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About Royal Orchid Hotels & Regenta Hotels:  

Royal Orchid & Regenta Hotels is one of India's fastest-growing hospitality brands, managing a portfolio of 75+ hotels across 48+ locations in India. The properties showcase a soul that reflects India’s distinctly warm hospitality. Founded in 2001 by industry veteran Mr Chander K Baljee who currently serves as Chairman & Managing Director, Royal Orchid Hotels Ltd. (ROHLTD) is a publicly listed company aiming to operate 100 hotels by 2023. The company serves business and leisure travellers who value comfort, great cuisine, and reliable value-for-money services. The modern and fully-equipped hotels, resorts, long-stay suites, and inns are what attract loyal repeat guests across metro cities, holiday destinations, pilgrimage sites and wildlife parks.

 To know more please log on to: https://www.royalorchidhotels.com/

MTHUB released its financial product "Doomsday Digital Options" on January 12, 2023. The product was announced at Product Hunt and received positive feedback in the startup environment - https://www.producthunt.com/posts/mthub-doomsday-digital-options.

The MTHUB platform allows you to bet on the insolvency of one of the companies listed: Bitstamp, Coinbase, Kraken, Bitfinex, Binance, Twitter. In fact, the client acquires an option that can bring from 1000% to 2000% profit if one of the companies turns out to be insolvent. More information is available on the official website - https://mthub.io/promo/ddo.

Amid the collapse of the cryptocurrency exchange FTX there has been a rise in inquiries about the solvency of financial companies, and some have noted a significant cash outflow.

MTHUB is a fintech startup that offers trading and investment services without a surcharge on commissions. A key feature of the company is the absence of division of users by nationality, religion, gender and other characteristics.