CommerceIQ Named to Fast Company’s Annual List of the World’s Most Innovative Companies for 2019

Recognized as Top 10 Most Innovative Companies in Data Science

MOUNTAIN VIEW, Calif. – February 20, 2019 – CommerceIQ, powered by Boomerang Commerce, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2019.

The list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s volatile world. Half of the companies on this year’s MIC 50 list are appearing for the first time.

“To shift from a store-centric model and win in modern commerce today, consumer goods companies require new capabilities to profitably grow sales and market share on Amazon,” says CEO Guru Hariharan. “Through machine learning and data-driven decisions, CommerceIQ provides leading brands a unified technology platform that breaks down the silos across sales, marketing and supply chain to deliver automated insights and actions to efficiently scale and grow share. We are honored to be recognized among the World’s Most Innovative Companies for 2019 and for our innovative approach in applying Data Science to help our customers.”

As announced last week:

• CommercIQ is used by leading consumer good companies and brands including Kimberly Clark (US and UK), Bayer Healthcare, Kellogg’s, Kraft Heinz, The J.M. Smucker Company, Hill’s Pet Nutrition (a subsidiary of Colgate-Palmolive), Reckitt Benckiser, Avery Dennison, Nestlé Skin Health, Hamilton Beach, Goodbaby, and Flexsteel Homestyles to drive incremental ROI and top line growth on Amazon.
• CommerceIQ is now generally available and has been recognized by customers and the industry as the first and only solution that unifies sales, marketing and operations — from retail POS, to campaign performance, to inventory and promotion data — to enable brands to increase market share and sales through end-to-end automation of their Amazon business.
• With the general availability of CommerceIQ, the CommerceIQ Advertising module has been launched and is the industry’s first solution that unifies AMS campaign performance with Amazon vendors’ retail POS, inventory and promotion data (AVC) while anticipating competitor activities to drive incremental top line growth and share of search on Amazon.

This year, Fast Company’s editors and writers sought out groundbreaking businesses across 35 industries and every region. They also judged nominations received through their application process.

The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.

“Established players are showing the same kind of nimbleness that we’ve generally associated with startups,” said Fast Company deputy editor David Lidsky, who oversaw the issue with senior editor Amy Farley.

Fast Company’s Most Innovative Companies issue (March-April 2019) is now available online at https://www.fastcompany.com/MIC, as well as in app form via iTunes and on newsstands beginning February 27th. The hashtag is #fcmostinnovative.

About CommerceIQ

CommerceIQ^TM is the leader in Ecommerce Channel Optimization (ECO), the practice of using machine learning, analytics and automations to optimize the ecommerce channel across supply chain, marketing and sales operations to win at the moment of purchase and drive profitable market share growth. CommerceIQ has been adopted by leading consumer brands accounting for billions of dollars in ecommerce sales and marketing spend, including Avery Products, Georgia-Pacific, Spectrum Brands and 3 of the top-5 Fast-Moving Consumer Goods Companies in the U.S. These brands rely on CommerceIQ’s machine-based commerce technology and business processes, which are purpose-built to tune ecommerce algorithms, collaborate and share data-driven insights in real-time in response to changing variables across hundreds of products on leading retail sites. Using CommerceIQ as a single source of truth, customers have driven 40% increase in incremental sales, 20% improvement in profitability and 32% reduction in out of stock rates on Amazon. For more information, please visit CommerceIQ.ai