Tredence Celebrates Fourth Year as Databricks Retail Partner of the Year at Data + AI Summit

Tredence Wins Fourth Consecutive Databricks Retail Partner of the Year Award

Tredence, a prominent player in the data science and AI solutions arena, has once again showcased its exceptional prowess by securing the Databricks Retail and Consumer Packaged Goods (CPG) Partner of the Year award for the fourth consecutive year. The prestigious award was announced during the annual Data + AI Summit, highlighting Tredence's significant contributions to advancing data modernization, enabling GenAI implementation, and scaling AI across leading retail and CPG enterprises.

In an industry where insights are paramount, Tredence has set itself apart as a leader, trusted by eight of the top ten retailers and consumer goods companies. The recognition by Databricks underscores Tredence's expertise in leveraging the Databricks platform to deliver impactful solutions and exceptional value to its clients. Morgan Seybert, Tredence's President and Chief Business Officer for Retail, stated, "Tredence is the AI expert driving the Data AI strategy for 8 of the top 10 global retailers. Our collaboration with Databricks plays a key role in modernizing data foundations, enhancing governance, and leveraging GenAI effectively."

Accelerated Value Generation

Over the past year, Tredence has established itself as a vital partner in driving business value for retail and CPG companies. The company has successfully helped organizations optimize operations leading to impressive financial outcomes. Notably, a collaboration with a leading grocery chain in the U.S. resulted in unlocked EBITA of $220 million, with labor savings amounting to $13 million and a 10% improvement in forecast accuracy.

The monetization efforts employed by Tredence have also yielded significant results, with their intelligent activation strategies enabling over $58 million in revenue through retail media networks. This partnership not only reduced platform licensing costs by 30-50% but also accelerated time-to-insight for marketing and customer experience teams by 3-5 times for a major American retailer.

Tredence's industrialization of AI and GenAI has led to impressive enterprise-wide scaling, resulting in three times faster adoption rates and a 30% boost in productivity for leading CPG enterprises.

Elevating Data to Decision-Making

As emphasized by Matt Jackson, Vice President of Sales at Databricks, Tredence continues to redefine the landscape of how data and AI can unlock value for its clients. Its focus on last-mile analytics and a robust library of Brickbuilder Solutions has enabled retail and CPG organizations to transition swiftly from data accumulation to actionable decision-making. "Their emphasis on analytics impact at the last mile is allowing retail and consumer goods companies to make smarter decisions faster," Jackson noted.

In addition to the Retail Partner of the Year accolade, Tredence was honored with the Databricks Growth Partner of the Year award for the Americas, solidifying its reputation as a trusted partner within the region’s data and AI landscape.

The Future of Tredence

Tredence's core mission is to eliminate the gap between insights and tangible value realization in AI. By utilizing deep domain expertise, strategic partnerships, and cutting-edge data platforms, the organization continues to offer solutions that drive notable impacts across various sectors, including retail, CPG, telecom, healthcare, and travel. With over 3,500 employees across locations such as the San Francisco Bay Area, Chicago, London, Toronto, and Bengaluru, Tredence is well-equipped to meet the evolving needs of its diverse clientele.

As Tredence continues to lead the charge in data science and AI, stakeholders can anticipate further innovations and achievements aimed at transforming the way businesses operate in an increasingly data-driven world.

For more information about Tredence and its ongoing initiatives, visit Tredence's website.