ShopSavvy Soars Above the Pack with Product Cloud 2.0
Written by ShopSavvy
Thursday, 20 December 2012
When It Comes to Delivering Real-Time Online and Local Store Results ShopSavvy Soars Above the Pack with Product Cloud 2.0 -
New Big Data solution empowers ShopSavvy to provide its millions of monthly active users with more local store choices, improved product information and better prices than any other shopping platform.
SAN FRANCISCO, Dec. 20, 2012 -- ShopSavvy, the world's largest mobile shopping platform,
today announced the release of Product Cloud 2.0, the latest iteration
of ShopSavvy's proprietary big-data platform that enables the
community's millions of active users to easily find real-time pricing,
inventory, reviews and other information for more than 20million products. Field testing of top price-comparison apps shows that ShopSavvy consistently displays more local store results as
well as online price results and lower prices for a greater variety of
products than Amazon Mobile, eBay's RedLaser and other major platforms.
Based on a study of 600 random product searches across popular
product categories such as consumer electronics, video games, books,
movies, home and family, and office products, ShopSavvy outpaced other
apps in the number of results displayed. As an example, with Product
Cloud 2.0 ShopSavvy displayed on average 30 percent more local, in-store
offers than RedLaser, as well as almost twice as many online price
results. This new back-end update continues ShopSavvy's commitment to
local commerce and ShopSavvy customers will start to see improvement in
results and content immediately.
"Innovations like Product Cloud 2.0 bring much more robust
connections to ShopSavvy Marketplace, which allows our retailers to
enter and manage their inventory, price and store information directly
into our mobile marketplace of retailers," said John Boyd,
co-founder of ShopSavvy. "We've been adding around 150 new retailer
accounts each month and Product Cloud 2.0 advances our local store
results in particular when our customers want convenience and immediacy
of buying locally."
ShopSavvy has the best price on new products 67 percent of the time
while Amazon has the best prices only 5 percent of the time. The average
competitor has the best result only 17 percent of the time. For used
products, ShopSavvy has the best price 96 percent of the time, while
eBay's RedLaser only has the best prices 12 percent of the time. The
average shopping platform has the best prices 9.5 percent of the time.
"Our brand promise to ShopSavvy customers is to provide a neutral and
unbiased shopping experience. We are not trying to steer customers to
any particular retailer or skew the playing field for one retailer
versus another. We are committed to building a healthier and more
vibrant marketplace for our customers and leveraging big data technology
to help users shop smarter," Boyd said.
Earlier this year, ShopSavvy launched ShopSavvy Marketplace, which
empowers retailers of all sizes to list their products for free within
Product Cloud; retailers can access the portal at http://retailers.shopsavvy.com. More than 150 new retailers per month add their inventory and price information to ShopSavvy's shopping platform.
About ShopSavvy
ShopSavvy is the leading mobile shopping community, with more than 40
million downloads and millions of monthly active users. ShopSavvy
empowers smartphone users to quickly and seamlessly locate, research and
buy products at the point of sale. When users scan a barcode or input a
product name, they discover where the item is sold locally and online,
where it's in stock and at what price. ShopSavvy aggregates product
data, deals, ratings and reviews from retailers, partners and its own
users to provide the most comprehensive source of information and advice
for mobile shoppers anywhere. For advertisers, ShopSavvy delivers
hyper-relevant deals, promotions, warranty offers and other
UPC/GPS-targeted content to consumers. For more information, visit http://shopsavvy.com.
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