AI-led eCommerce Platform, Intelligence Node, Records Unprecedented Growth Amidst Post-Pandemic eCommerce Explosion

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Intelligence Node announces hyper-growth and unprecedented sales velocity amidst post-pandemic eCommerce explosion. The company also announces the launch of new products to capitalize on the growing eCommerce market - PriceIntelligence AI, a new price optimization app for Shopify customers and Digital Shelf Analytics, a capability to understand and improve search, content, and user review sentiment across products.
Intelligence Node, a leader in AI-driven retail intelligence and competitive analytics, experienced unprecedented sales velocity since inception with an open sales pipeline that is 4.7x the pre-pandemic volumes. The company also announced the launch of new products to capitalize on the growing eCommerce market - PriceIntelligence AI, a new price optimization app for Shopify customers and Digital Shelf Analytics, a capability to understand and improve search, content, and user review sentiment around a specific product or category.

2020 saw tremendous eCommerce growth with $2 trillion being spent globally online during the year. The pandemic coaxed both enterprise and SMB retailers to pivot to selling online - rapidly increasing the adoption rate of retail enablement platforms like Shopify. As compared to 2019, the Shopify eCommerce platform grew 86% in 2020 to $2.9 billion in revenue and serves over 1,700,000 retail businesses today. Intelligence Node responded by expanding its advanced analytics offering, battle-tested by Fortune 500 clients, to the SMB market with the soft launch of its PriceIntelligence AI app on the Shopify ecosystem.

In addition, the Company has launched a new solution, Digital Shelf Analytics, to complement its pricing and assortment solutions for the enterprise retail segment. The new offering is a strategic addition to address the evolving needs of the eCommerce ecosystem which is forecasted to…
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