The retail industry-focused product aims to help enterprise customers unify their data and gain valuable customer, product, supplier, and location insights. Credit: iStock/metamorworks Enterprise data management vendor Informatica has released the first industry-specific version of its Intelligent Data Management Cloud (IDMC) for retail customers. Called the Intelligent Data Management Cloud for Retail, the data management platform customizes Informatica’s suite of machine learning-powered tools to help retail customers catalog, ingest, integrate, and prepare data for use in analytics and AI-powered applications. Customized to augment data and analytics for retail IDMC for Retail has been built off the back of Informatica’s experiences working with existing retail and consumer goods customers, such as Kroger, The Hershey Company, Unilever and Discount Tire. “We have built industry-specific workflows, connectors, extensions, and data models for retail to help these organizations drive better customer experiences, publish their product catalogs, drive e-commerce initiatives, power omnichannel experiences and help them manage their supply chains in the wake of new challenges in the form of changing consumer behavior due to the pandemic,” said Jitesh Ghai, chief product officer at Informatica. Informatica is focusing on helping customers to integrate their data from across various point-of-sale, payment processing, inventory, and other business applications, regardless of if those systems are homegrown or supplied by Oracle, GS1, Salesforce, Magento, and others. “Other functionalities include out-of-the-box retail accelerators that significantly reduce time-to-value, including connectivity to GDSN data pools, commerce platforms such as Adobe Experience Manager, and procurement networks like Coupa, all while maintaining the privacy and security of the datasets,” Ghai said. Connecting to these disparate and siloed data sources and collecting data in a privacy-conscious way is becoming an increasingly important task for retail organizations, according to Doug Heschen, principal analyst at Constellation Research. More out-of-the-box data tools IDMC for Retail also comes with out-of-the-box data models for customer data management, the ability to extend data models to support product, supplier, and location data, and enriching customer loyalty and rewards programs. The product also comes with pre-built dashboards that allows enterprises to search, view, and manage customer information, along with their transactions and interactions data. The product also offers automated product classification, syndication, supplier, product, and customer onboarding interfaces powered by its proprietary CLAIRE AI engine. “One of the many examples of what CLAIRE can do is to help predict inventory demands in real-time and optimize routes for delivery,” Ghai said. “The AI engine connects to data sources, understands it, interprets it, and cleanses it to build a trusted, authoritative, single source of truth and democratizes it for data science initiatives through our AI powered data marketplace.” Being able to take these kinds of retail-specific capabilities off the shelf “will obviously save time and speed time-to-value,” Constellation’s Heschen said. Related content feature TransUnion transforms its business with IT On the heels of its Neustar acquisition, the consumer credit reporting agency seeks to give customers access to its troves of consumer data to fuel next-generation services through solutions platform OneTru. By Paula Rooney Apr 26, 2024 6 mins Financial Services Industry Digital Transformation Artificial Intelligence feature The 10 highest-paying industries for IT talent The tech industry isn’t the only hot spot for IT jobs, as there’s a growing demand for IT pros across every industry. These 10 verticals pay the most for IT roles, according to data from Dice. By Sarah K. White Apr 26, 2024 7 mins Salaries IT Jobs Careers brandpost Sponsored by Palo Alto Networks M&A action is gaining momentum, are your cloud security leaders prepared? Direct visibility is critical in M&A, and cloud-native application protection platforms (CNAPP) are ideal to provide this capability. By Amol Mathur, SVP & GM of Prisma Cloud, Palo Alto Networks Apr 25, 2024 4 mins Cloud Management news CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds CIOs prioritize integrating AI into their organizations alongside cybersecurity, according to a new survey. By Sandeep Budki Apr 25, 2024 5 mins Artificial Intelligence PODCASTS VIDEOS RESOURCES EVENTS SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe