tgndata

Name of the product or service

FREE- FOR-EVER pricing software for e-commerce

Votes: 136

Product or service description

In 2023 tgndata® disrupted the Ecommerce Pricing sector, by developing and releasing the first FREE- FOR-EVER pricing software for ecommerce!

Till now pricing software was a privilege of Large Enterprises who had the capital and experience to automate their price optimization, giving them leverage. tgndata discovered an important disparity, as Small and Medium-sized businesses (SMBs), did not have access to complete market data, e-commerce insights, and dynamic pricing tools, that can help them grow their e-commerce channel.

We are democratizing Price Intelligence & Dynamic Pricing, with a cloud-based data platform that empowers eCommerce and enables individuals, retailers & marketplace sellers to grow their online sales & optimize their profit by selling at the right price!

We are already directly monitoring over 40 million products on 100K online shops in 30 Countries. Additionally, we also analyze e-commerce data from the 12 major European Marketplaces such as Bolt, GoogleShopping, Amazon, Pricerunner eBay, and more.

Our cloud platform can be self-boarded by anyone regardless of their skills and background in e-commerce, and within a fast-paced 5’ minute setup start utilizing e-commerce insights for Pricing!

Distinction from the competition

Rather than just being FREE, our machine learning technology is revolutionizing data gathering and e-commerce insights by:

  1. Fully automating the search and matching process of products, leaving behind the dinosaur solutions that were till now just searching for GTIN/EAN codes.

  2. Bringing speed of light in Price Monitoring, by being able to gather millions of data points in a few hours, so that pricing decisions are always taken with fresh and correct information.

  3. Live analysis of big-data, stock status changes, and market strategies through a 360 business intelligence view.

  4. Dynamic price setting into any e-commerce platform in seconds through smart rules and suggestions.

Product or service innovations

By the end of 2023, tgndata® transformed the so far limited to retail physical products pricing optimization, by enabling the automation in quote-based e-commerce like Insurance contracts and Food Delivery where the end customer is not purchasing a single specific product but a set of services or an order, that is tailor-made to his needs.

In the car Insurance market, tgndata® generates contract scenarios based on the general population's driving age, most used car models, and coverage needs, then it simulates an actual person, requesting online quotes for thousands of different insurance scenarios, data-mining and analyzing information in real-time.

In the Food Delivery market, tgndata® monitors promotions made by restaurants and fast-food establishments through major food delivery apps, comparing them and analyzing the pricing and needs per region, leading to greater market <br> share.

Customer case study

Client: Wolt is the major delivery platform for food and merchandise via its apps (iOS and Android) or website, where customers can order food and household goods from the platform's restaurant and merchant partners, and either pick up their order or have it delivered by the platform's courier partners. Wolt also runs its own chain of grocery stores called Wolt Market.

Wolt operates in 25 countries and over 300 cities, including Helsinki, Tokyo, Tel Aviv, and Berlin. Wolt has over 70,000 merchant partners, 150,000 courier partners, and 20 million registered customers.

Challenges: Managing a unified and centralized pricing strategy in 25 countries, while having over 70,000 merchant partners, 150,000 courier partners, and 20 million registered customers, is not a task to be taken lightly.

Solution: Wolt implemented an international pricing hub via tgndata®, monitoring e-commerce data in 23 countries, gathering and analyzing billions of pricing data points daily, leading to a Single Source of Truth (SSOT) platform that can be accessed 24/7 by it’s Wolt’s over 7,000 employees across its offices in 25 countries.

Via a unified cloud platform, this multi-country e-commerce ecosystem is able to create synergies and collaborations between all data-oriented departments to ensure a seamless pricing strategy and market share growth.

Results: Wolt was able to launch Wolt Market in many new countries within weeks instead of months, by leveraging international pricing and product data, thus already knowing how to place their offerings before and after launch.


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