Trax: Retail Analytics Done Right

Trax: Retail Analytics Done Right

CIO VendorJoel Bar-El, CEO
In today's fiercely competitive retail environment, gathering insights on how products look, perform and persuade on the shelf is extremely business-critical. The procedure for the same however is expensive, tedious with limited results and untimely data. The challenge mainly lies in managing and understanding the shelf execution when it comes to the store level. So, in many cases, retailers employ a category management at the back office which will know how to plan shelf settings, shelf placements and planograms. However, they possess limited knowledge when it comes to in-store execution on a daily basis.

Headquartered in Singapore, Trax has emerged as a major game changer in the retail industry with their breakthrough image recognition technology. “Specifically, Trax is focused on an area that until today was a type of a grey area – shelf execution visibility,” says Joel Bar-El, CEO, Trax. The company provides a more accurate, consistent and reliable way for the organizations associated with consumer goods to understand how their products are performing in the marketplace. Sales representatives put the Trax mobile application to use by taking pictures of the store shelves from their smartphones and tablets. These pictures are sent to the Trax cloud and within minutes, they receive actionable measurements and recommendations on how to improve their product visibility in the store.

Aiding the analytics arena for retail, Trax provides a number of solutions. Trax Retail Watch offers the company a continuous read over the shelf placements in the retail environment on a daily basis. Trax Retail Watch benefits retailers by providing real-time execution alerts.

Specifically, Trax is focused on an area that until today was a type of a grey area – shelf execution visibility

Whenever there is a situation of products being out of stock or getting misplaced on the shelf, Trax Retail Watch detects any on-shelf gaps and provides automated alerts and reports around corrective actions to be taken were it matters the most-at the shelf.

Concurrently, Trax’s Retail Execution solution has been leveraged by manufacturers globally. “Essentially, we are harnessing this type of technology in the hands of sales representatives for global manufacturing,” says Bar-El. When these sales representatives are visiting the store, they can take images of their servicing and get a real-time read over the execution level of the retailer on the shelf.

Talking about the current technological trends that are prevalent in the retail analytics landscape, Bar-El believes that the world at large is adapting to automated real-time information. This information is gathered across the board in different type of retail domains, channels, and retail segments. “There are very few technologies available that enables sales representatives to get a read on shelf positioning and merchandising standard in an automated way and in real-time from the vast store universe,” explains Bar-El. “What sets Trax apart is that we are able to tap into a very important set of data that is quite difficult to obtain when it comes to shelf placement,” he affirms.

The company has successfully ensured a high dominance in the Asia Pacific and European markets in the past with numerous global clients using their services. Drawing a roadmap of the company’s future, Bar-El says, “Our focus this year will be on the U.S. market. We’re going to open three offices in New York, Atlanta and San Francisco. We have already established a subsidiary in the U.S. and we're going to execute this market in a big way,” he concludes.

Trax News

Mark Gruzin Joins Frontline Education as Chief Executive Officer

MALVERN, PA: Frontline Education, a leader in school administration software that enables the proactive management of human capital, business operations and special education announced that Mark Gruzin has joined the Frontline executive leadership team as Chief Executive Officer. As CEO, Gruzin will be responsible for Frontline’s core strategy and vision, leading the organization in their service of the K-12 education community. Gruzin will also serve as a member of the Board of Directors for Frontline Education.

Gruzin comes to Frontline Education from Blackboard, a global educational technology company, where he served as president of global markets. Prior to his work with Blackboard, Gruzin held multiple executive roles in IBM’s software group. As an active member of the special needs community, Gruzin also served on the Board of Directors for the National Fragile X Foundation and is a Special Olympics Coach.

“This role provides the opportunity to have a lasting impact on our clients in the education community through the solutions and services we provide. I am excited to build upon the vital work that Frontline Education is doing to support and strengthen educational organizations across the country,” said Gruzin. “As a special needs advocate and parent, I feel especially aligned to the Frontline mission and have a deep first-hand appreciation for the important value that innovative technology solutions can provide to support programs and processes, to drive better outcomes for K-12 students, teachers, parents and administrators.”

Gruzin joins recent additions to Frontline’s executive leadership team including, Chief Product Officer, Kevin Haugh and Chief Client Success Officer, Garland Hall. The additional leadership roles represent Frontline’s commitment to providing effective solutions and services designed to support the strategies, programs and people within the K-12 education community.

“Frontline Education continues to build towards the future, for the thousands of K-12 education clients that it serves,” said Charles Goodman, Frontline Education’s Chairman of the Board. “Having strong and focused leadership is an integral part of the growth plan and we have enormous trust and belief in all that Mark Gruzin can accomplish on behalf of the K-12 community as the leader of this organization.”