The Düsseldorf-based software company aifora has entered a partnership with the innovation consultancy KIVALUE. The companies will combine their expertise in the areas of artificial intelligence (AI) and big data and support the retail industry in developing data-driven business models.
Düsseldorf, 29.08.2019 – aifora and KIVALUE will work together strategically in the future. To this end, aifora will provide the innovation consultancy’s clients with its cloud-based data-sharing and AI platform for retail automation. The aifora SaaS solutions use data from retailers and brands to optimize and automate inventory management and pricing using machine learning algorithms. KIVALUE will market the platform internationally and introduce it to its customers.
According to the common philosophy “Think big, start small”, the companies pursue a holistic but pragmatic consulting approach, which focuses on the creation of immediate customer benefits. aifora’s solutions are thus combined with KIVALUE’s many years of industry expertise and integrated step by step into their clients’ business processes.
Through their collaboration, the two companies want to support even more retailers and brands in building data-driven business models. This should enable them to work more efficiently, significantly increase sales, revenue and earnings, and reduce inventory levels. “We are excited to partner with aifora, one of the most promising new players in the retail automation market. Their vision for price and inventory optimization based on the principle of Shareconomy is a game changer, but the best part is the cultural fit with the aifora team who are as passioned for data, as we are,” states Anton Pershin, CEO of KIVALUE.
Thomas Jesewski, CEO of aifora, is positive about the strategic cooperation: “KIVALUE is a trustworthy partner with a high level of expertise in retail and AI. They will contribute to making our solutions better known in an international environment and to spreading our common philosophy”.