Slyce Has An Outstanding Fourth-Quarter 2015

Slyce is a company poised for great things in the future. The Toronto company was launched in a quiet manner. The early plans for the company focused on releasing an image recognition and search program that expanded upon Amazon Flow. The new software would work with affiliated retailer to help customers locate merchandise via matching images. The idea of writing text in a box and hoping for good results was passe.

Slyce was founded in very early 2013. The company has since grown exponentially. The release of the company’s fourth-quarter 2015 report shows just how successfu Slyce has become.

There are three wheels to the report. The report details, investment capital, new products, and strategic partnerships. On all three fronts, Slyce has achieved much.

Slyce has raised an additional $7 million. In doing so, the company is sure to further expand its already impressive lineup of apps and programs. The fourth-quarter report reveals a significant number of impressive new products. These items are sure to help attract more retailers to work with Slyce.

Several huge name retailer have, in fact, signed deals with Slyce. As more and more top retailers sign on with the company, the more Slyce’s presence will grow in the industry. Retailers and consumers are sure to become more familiar with the name. As long as Slyce continues to release quality apps and software, the company is going to continue its path to becoming an industry giant.

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Favorable Business Report on Slyce’s Fourth Quarter 2015

Slyce Inc. is the leader in Image recognition technologies. The 4th Quarter results for Slyce for fiscal year 2015 were announced. Along with their earnings the report highlighted some of their major activities during this period. Slyce has partnered with the online shoe retailer, SHOES.COM, which also owns both OnlineShoes.com and SHOEme.ca. Slyce’s smartphone Visual Search was incorporated into SHOEme.ca to enable mobile shoppers to submit pictures of randomly found shoes for women, whether from being seen on the street, in magazine pictures, or from snapshots of advertising flyers. The results of these image recognition are SHOEme.ca products that are the closest matches for what was seen. Purchase of the resulting shoes is then a simple matter of a few clicks or taps on the smartphone.

Neiman Marcus had already done the same type of integration of Slyce alternate search technology. They added the same technology for other products they sell, called ‘Snap. Find. Shop.’ through their NM app. This app includes the capability to submit 3D imagery for search results across their entire product line. The items available for this new type of search include shoes, jewellery, women’s apparel, handbags, pet accessories, and home furnishings. All are found without any use of textual search descriptions and are available for purchase immediately from the connected device.

Many millions of dollars were committed by investors to support Slyce’s further innovations and connections in the retail markets. The product development department at Slyce beefed up their technology in their core competency of Visual Search. The engineering involved new uses for this alternative type of online Search. Part of this effort was the development of unified new Software Development Kits (SDKs). Other enhancements were accomplished for 3D Object Recognition, better automation for the process flow, a new 2D Content Management System for use of printed imagery as input, and Coupon Author, which optimizes the redeeming of mobile digital coupons.

Visual Search Company Slyce Is Growing Strong

Visual Search Companies Gain Interest

The newest counterpart of online shopping is visual search recognition. There are several start up companies that have shown interest in this industry. In fact, according to an article from Live Mint, the industry is on an upswing in India, and there are start ups in visual search throughout the world. This industry has gained a great deal of interest from online retailers and offline retailers. All the suppliers in fashion, lifestyle products and home improvement products (and others) are showing interest in this industry because it seems like it is giving a new type of feedback about customer needs that have never been expressed this rapidly.

According to the article from Live Mint, the retailers and other suppliers don’t even know how to read these trends just yet. This is because they are used to taking trends into account for their supply driven models within a few months after they are generated. Now, the visual search industry is generating such a fast paced stream of high quality data feedback on the trends that they are seeing that retailers, especially fashion suppliers are having trouble keeping up with this new tool for data analysis.

Consumers Benefit From Visual Search Companies

It is only the beginning, but consumers are clearly seeing how they can easily benefit from using visual search like Slyce, make it easy for any consumer to log in to their application on their smart phone or other device in order to do their shopping. This is much easier than going through the typical methods of online shopping because visual search uses images instead of keywords. With Slyce, users can take a picture of anything in their environment, 2D images, TV screens, real objects, QR codes or bar codes. They can also use an image that they have already taken to conduct the search.

Slyce is growing rapidly, and it is helping retailers grow quickly as well. They are making it easier for consumers to find the products they want without unwanted recommendations. The recommendations must be generated accurately or else consumers will be turned off. Slyce has special features that are in place in order to generate recommendations. They also have an app called Snip Snap that helps consumers keep track of coupons.