Slyce’s First Visual Search-based Analytics Platform is a Game-Changer for Retailers

Spotlight Companies |

Business success is not measured only in dollars and cents. In order to ensure the health of a company, a number of factors are measured. Presentations on productivity, revenue and overhead are always important; but increasingly, information on how their target demographic behaves can be invaluable information.

Regardless of business model or industry, data is king. Developers of business analytics and applications are highly sought-after commodities for those looking to streamline the process of data analysis. One such company in the position to forever innovate the way companies gather information about their customer’s shopping behaviors is Toronto-based technology developer Slyce Inc. ($SLC:CA).

Slyce launched the industry's first data analytics service, 'Slyce Insights.' The company’s user-friendly dashboard provides various buyer behavior metrics that demonstrate how customers are enhancing their shopping experience by utilizing Slyce’s 3D-image recognition mobile application, named the Universal Scanner. The app provides customers with a seamless shopping experience by scanning anything around them to receive exact or similar instant purchase matches.

"It has been a goal of ours from the beginning to provide our customers with a unique data stream to guide strategic decision making," said Slyce CEO Mark Elfenbein. "Slyce Insights empowers our retail partners to better understand their own customers through analyzing the rich data from user-generated product images and contextually presenting it in a meaningful way. Continued advancements in the analysis of this 'Big Data' will enable us to provide even deeper, actionable insights over time.”

Leveraged Data Helps Businesses Increase Revenue

Behavioral metrics measure the people side of business. These metrics reveal how and why online shoppers and users of web applications behave. Slyce Insights will enable retailers to filter data by top snapped brands, hot product types, color preference by product type, and visual search geographical distribution. By making the analytics platform to retailers available through a tiered offering, Slyce will generate revenue by applying a monthly licensing fee.

"When search data includes highly complex visual search, new measurement tools are needed to analyze and act upon the information," said Slyce head of analytics Omer Koreh. "Slyce Insights provides unlimited dimensions of customized data views with strict security of business data. We allow retailers to compare their own visual search data against Slyce's aggregated market data for a holistic look at buying behavior in and out of store."

For shoppers and retailers alike, the future of commerce is here. With a single snapshot of a product, barcode or billboard, customers can comparative shop with ease. For businesses, Slyce is helping retailers make enterprise-wide marketing and merchandising decisions. For Slyce, their visual search-based analytics platform further proves that tech remains a fascinating and booming sector.

For more information about Slyce’s image recognition technology and retailer solutions, please visit

Disclosure: In the purview of Section 17(B) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention the fact that, Inc. may be compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. is not a registered broker, broker dealer, investment advisor, analyst, investment banker or underwriter. All profiles are based on information that is available to the public. The information contained herein should not be considered to be all-inclusive and is not guaranteed by to be free from misstatement or errors. Readers are reminded to do their own due diligence when researching any companies mentioned on this website.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Emerging Growth

Kiwa Bio-Tech Products Group Corp

Kiwa Bio-Tech Products Group Corp develops, manufactures, distributes and markets, cost-effective and environmentally safe bio-technological products for agriculture in China.

Private Markets

Initial State

Initial State is an Internet of Things (IoT) data analytics & data management platform company. We turn sensor and event data into information that matters by making it easy to…


A peer-to-Peer authentic photo marketplace disrupting the $10B commercial photography industry.