#USA #Davis #AI pricing #Engage3 #Ryan Monahan

Engage3 Welcomes Ryan Monahan as SVP of Product Strategy

Engage3, a cutting-edge company recognized for its expertise in retail intelligence, is optimistic about its future as it announces the appointment of Ryan Monahan as the Senior Vice President of Product Strategy. With a rich background spanning over 20 years in technology, retail, and product strategy, Monahan is poised to drive the company’s AI roadmap and spur growth in AI-driven pricing innovation.

Ryan Monahan's Experience

Monahan’s experience is deeply rooted in shopper intelligence and digital marketing, having served formerly as the SVP of Product Solutions at Catalina. This firm specializes in personalizing the shopping experience and has created significant consumer value averaging over $6 billion annually. His prior involvement on the Board of NCSolutions— a joint venture designed by Nielsen and Catalina—serves as a testament to his deep understanding of the retail landscape. He has also contributed to various marketing strategies through roles with globally known companies including Kimberly-Clark, LeapFrog, and Aisle50, which was eventually acquired by Groupon in 2015.

Strategic Vision at Engage3

Monahan’s values align with Engage3’s mission, driven by the understanding that pricing represents a crucial aspect of shopper experience. "Engage3's vision of incorporating human values and shopping behavior into the pricing model resonates profoundly with me," he notes. He emphasizes the unique potential found within the company’s localized pricing database and proprietary AI pricing solutions.

In the fast-evolving retail environment, characterized by algorithmic retailing and a demand for advanced AI applications, Monahan aims to contribute significantly to the future of personalized promotions by leveraging machine learning to enhance data-driven decision-making. His engagement with clients is set to focus on optimizing pricing and promotional efforts by utilizing AI and the mission-critical data required for effective AI modeling.

Leadership Comments

CEO of Engage3, Edris Bemanian, expressed enthusiasm regarding Monahan’s joining of the team, stating, “This is a monumental step forward in our dedication to providing customers with state-of-the-art technology that enhances pricing strategies, drives profitability, and fosters customer loyalty.” Given Monahan's solid track record in shopper intelligence and innovation, his role is expected to catalyze significant advancements in AI technology deployment at Engage3.

Engage3’s Impact and Growth

Engage3 has successfully pioneered its reputation in the retail sector, with a robust portfolio of AI-driven pricing solutions that synchronize omnichannel competitive intelligence with behavioral science. This integration helps boost profitability while catering to an increasingly diverse marketplace. The firm currently serves eight of the top ten global retailers and holds substantial influence over $4 trillion in retail revenue across various sectors.

With an extensive database of localized product offerings, pricing, and promotions, Engage3 is uniquely positioned to provide actionable insights to its clients through advanced AI techniques. Founded by innovators from Khimetrics who were eventually acquired by SAP, Engage3 is built on a foundation of deep analytical expertise, making it a significant player within the retail technology industry.

In summary, Ryan Monahan’s joining Engage3 is a pivotal moment aimed at advancing the company’s AI capabilities and revolutionizing pricing strategies in retail. As the organization embraces this new chapter, it aims to enhance the retailer's ability to adapt rapidly to changing consumer preferences, ensuring they remain competitive in a dynamic marketplace. The combination of Monahan’s industry experience and Engage3’s innovative tools holds the promise for significant growth and transformation in the retail landscape.