Slyce is one of the more intriguing tech startups to arrive on the scene in many years. The company focuses on the development of visual search technology and related apps for retail businesses and consumers. The concept is intriguing. Through installing an app on a smartphone, a consumer can seek a similar-looking products on compatible retail websites.
Consumers are not the only ones who are going to benefit from a new product that is emerging. “Slyce Link” is a new concept that is designed to help retailers keep customers who are can’t find the primary product they are interested in. Slyce Link makes visual matches to similar products to the primary one.
A lot of customers could have been retained. They choose not to buy because they are not able to get the product they want. Since no one is able to provide suggestions for very similar products, these customers simply leave. The new Slyce program should help cut the number of these departing customers from exiting. Slyce also is going to help retailers target customers who wish to depart due to items being out of stock.
Businesses have to make sales in order to earn profits. Retail companies seek to tap into the huge audience of online customers since the number of patrons is so vast. Not every would-be customer ends up actually buying anything. A lot of those lost sales cannot be salvaged. There are, surely, numerous people who could be kept from opting not to make a purchase. Slyce is hoping its new programs will facilitate this outcome.
Currently, Slyce is achieving a lot of publicity thanks to a recent decision by a Fortune 500 toy seller to finalize a contract with the company. The toy retailer has good reason to be thrilled with Slyce. The Toronto-based business set the stage for the retailer double its revenue.
Anyone wishing to read the whole story can check out the full article at MarketWired.com. The press release goes into great detail over all the news from Slyce’s recent achievements.