#USA #AI Solutions #San Francisco #Tredence #Databricks

Tredence Wins Major Award

Tredence, a prominent global provider of data science and AI solutions, has achieved a significant milestone by being named the Databricks Retail and CPG Partner of the Year for the fourth consecutive time at the Data + AI Summit held in San Francisco. This recognition underscores Tredence’s substantial contributions in helping some of the world's leading retailers and consumer goods companies modernize their data architectures and scale AI implementations effectively.

The Importance of This Award

Receiving this honor at a prestigious event like the Data + AI Summit reflects the remarkable performance and dedication that Tredence has demonstrated over the past year. By leveraging Databricks' advanced data intelligence platform, Tredence has delivered exceptional value to its clients in the retail and consumer goods sectors, which collectively account for over $2 trillion in global revenue.

Focus Areas for Modernization

Throughout the last fiscal year, Tredence displayed unparalleled commitment in supporting retail and consumer goods companies to enhance their data intelligence capabilities. Morgan Seybert, President and Chief Revenue Officer at Tredence, remarked that "Tredence is the AI expert optimizing data strategy for eight of the world's ten largest retailers. With Databricks, we help industry leaders modernize their databases, enhance governance, and operationalize generative AI." This commitment has translated into significant outcomes:

• - A large U.S. grocery chain achieved an EBITDA of $220 million, realizing $13 million in labor savings and over a 10% improvement in forecasting accuracy.
• - A retail media network generated over $58 million in revenue, cutting platform licensing costs by 30% to 50% while accelerating visibility timelines between three to five times for marketing and customer experience teams within a major American retailer.
• - A consumer goods company successfully implemented enterprise-scale generative AI solutions, leading to three times faster adoption and a 30% productivity boost with full compliance.

These achievements illustrate Tredence’s capability to not only contribute to sophisticated data strategies but also transform them into quantifiable business results.

A Trusted Partner in AI

Matt Jackson, Vice President of Retail and Consumer Goods Sales at Databricks, issued praise for Tredence, stating, “Tredence continually enhances how data and AI generate value for our mutual clients in retail and consumer goods. Their focus on last-mile analytics impact, coupled with a powerful library of building block solutions, assists retailers in rapidly transitioning from data insights to actionable decisions.”

Tredence's collaborative approach with Databricks has fostered innovative practices that are crucial in navigating today’s data landscape, reinforcing its standing as a trusted partner among leading businesses across various sectors.

Recognition Beyond the Award

In addition to this esteemed recognition, Tredence was also acknowledged as the Databricks Growth Partner of the Year for the Americas, further cementing its status as a leading partner for data and AI solutions within the region. This compelling accolade highlights Tredence's strength in addressing the last-mile AI dilemma, which consists of bridging the gap between generating ideas and realizing value through actionable insights.

Tredence’s Global Footprint

Tredence operates with a dedicated talent pool of over 3,500 employees across various locations, including the San Francisco Bay Area, Chicago, London, Toronto, and Bangalore. They cater to top-tier brands in sectors such as retail, consumer packaged goods, high-tech, telecommunications, healthcare, travel, and industrial services.

In conclusion, Tredence's outstanding achievement at the Data + AI Summit celebrates its relentless pursuit of excellence and innovation in the fields of data science and AI. As businesses look toward the future, Tredence positions itself as a pivotal player, ready to unlock the full potential of data-driven strategies that drive growth and efficiency across industries.