GK Software is “Outstanding Training Company 2023”
Every year, the IHK Chemnitz (Chamber of Commerce and Industry Chemnitz) honors training companies that stand out for their special commitment and continuous work with young talent, as well as the consistently strong performance of their trainees. GK receives the “Outstanding Training Company 2023” award from the IHK Chemnitz.
October 19, 2023
Outstanding Training Company 2023, awarded by the IHK Chemnitz
Every year, the IHK Chemnitz (Chamber of Commerce and Industry Chemnitz) honors the best exam candidates for apprenticeships as well as the best training companies in the Southwest Saxony region.
The award ceremony for the best took place on October 19 in Chemnitz. 45 graduates out of a total of 4,236 candidates were honored as the best of the year. In addition, nine training companies received the “Outstanding Training Company 2023” award for their special commitment and continuous work with young talent. GK is one of the Top Training Companies 2023.
About IHK Chemnitz
The Chemnitz Chamber of Commerce and Industry Chemnitz is the regional representative body for businesses in the southwest region of Saxony. The employees of the IHK are currently responsible for about 70,000 member companies. Visit the IHK Chemnitz website.
Image source: Georg Ulrich Dostmann
GK Software Named to the Leaders Category for Worldwide Retail Loyalty Platform Software Providers by IDC MarketScape
GK Software has been named a Leader in the IDC MarketScape for Worldwide Retail Loyalty Platform Software Providers 2024 Vendor Assessment.
July 11, 2024
IDC MarketScape Report 2024
According to the report, "The key strength of GK's solution is derived from its 25 years of experience in reinforcement learning and predictive analytics, which is now applied in fine-tuning and optimizing retail engagement strategies. Moreover, the vendor has an ambitious road map for the coming years, which includes enhancing AI personalization by adding unknown customers to the already supported known customers and introducing analytics capabilities such as A/B testing to experiment with the impact of different engagement strategies on customer lifetime value and the bottom line." GK Engage is a cloud-native consumer engagement component, designed to help retailers interact with customers across various channels. It uses a microservice architecture, making it flexible and scalable. Key features include:
- AI-powered tools from GK Engage enable you to select your desired level of automation, from insights that help you understand consumer behavior and preferences allowing you to manually select strategies, rewards and create segments to fully automated, real-time creation of relevant interactions, messages, recommendations, offers, and content at the right time and touchpoint for each individualized consumer experience.
- Management and visualization of consumer profile and status.
- Creation of loyalty strategies and programs with personalized rewards, offers, messages and more for any touchpoint and channel
- Rewards redemption management for points, coupons, offers and more in the loyalty programs.
- Detailed analytics and reporting to improve the effectiveness of loyalty strategies.
The IDC MarketScape report notes, "the integration of GK Engage with mobile apps via APIs and in-store touchpoints such as self-scanning, smart cart, and POS enables retailers to provide their customers with real-time access to their loyalty account status, points, and spending insights. It also enables them to easily access personalized offers, rewards, coupons, and behavioral points to incentivize specific behaviors and actions in real time."
Source: "IDC MarketScape: Worldwide Retail Loyalty Software Providers 2024 Vendor Assessment", document number #US51234024e", June 2024, IDC # #US51234024e
About the graphic - IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.
GK Software Is Positioned in the Leaders Category in 2023 IDC MarketScape for Worldwide POS Software for Large Apparel and Softlines Retail
GK has been named a Leader in the IDC MarketScape for Worldwide Point-of-Sale (POS) Software for Large Apparel and Softlines Retail 2023 Vendor Assessment.
March 22, 2023
IDC MarketScape Report 2023
GK has been named a Leader in the IDC MarketScape for Worldwide Point-of-Sale (POS) Software for Large Apparel and Softlines Retail 2023 Vendor Assessment.
The report noted, “One differentiator for GK's solution is that it is the same commerce platform for all retail segments, including grocery, hardlines, and apparel. Key CLOUD4RETAIL components include omni-channel POS commerce, retail-specific AI-based cloud service, mobile POS, self-checkout, self-scanning, mobile consumer assistant, digital receipts, and payments (payments United States only).”
According to the report, GK’s position as a Leader in the large apparel and softlines market is earned through the company’s commitment to innovation in POS. Notably, GK has been investing in artificial intelligence & data analytics, differentiating itself from competitors with dynamic pricing solutions and real-time prediction capabilities. GK also collaborates with solution providers like My Size, Inc. (NASDAQ: MYSZ) to offer unique experiences via smart mirror as an additional integrated store touchpoint.
In particular, GK’s CLOUD4RETAIL, a unified commerce platform, is noted in the report for leveraging AI to offer enhanced personalization and offering an open, configurable platform that can work with third-party applications to inspire further innovation. Key benefits for apparel and softlines retailers are GK CLOUD4RETAIL’s capabilities around omnichannel POS commerce, mobile POS, self-checkout capabilities, digital receipts and more. GK’s AI services are deployed by its GK AIR solution, which has been enhanced by GK Spot, a cloud-based customer data platform that tracks customer interactions across all sales channels for personalization and real-time behavior analytics.
IDC MarketScape evaluates a vendor's position in a category by interviewing vendors who have used the company, reviewing survey results, and evaluating input from a panel of IDC experts in each market. The research methodology ensures a fair and unbiased evaluation of IT and telecommunications vendors.
GK Features and functions that cover the named commitment on technology and innovation in retail are:
Source: "IDC MarketScape Worldwide Point-of-Sale Software for Large Apparel and Softlines Retail 2023 Vendor Assessment", document number US48621522", By Margot Juros, March 2023, IDC # US48621522
About the graphic - IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles. Vendor year-over-year growth rate relative to the given market is indicated by a plus, neutral or minus next to the vendor name.
Award-winning solution: Grab-and-Go store format GK GO honored at Paris Retail Week in the 'Agile Customer Journey' category
GK GO has been awarded with the renowned Paris Retail Award for providing the best ‘Agile Customer Journey’, one of the award's main categories, on September 21, 2022. An independent jury of eight mentors acknowledged GK’s cloud solution particularly for its capability of delivering promising results for retailers in the fields of scan- and frictionless shopping as well as mobile POS.
September 21, 2022
Paris Retail Award 2022
GK GO is scanless shopping done right – without lines at the checkout and no need to scan items, or queue to pay. It provides a superior shopping experience, where scanning items is a thing of the past, yet the shoppers and retailers can see information about the shopping cart in real-time. GK GO demonstrates how contactless services and automatic stores with automatic item registration can be implemented for retailers.
Based on the GK CLOUD4RETAIL platform, GK has set up a scan-less store format in a pop-up container to demonstrate the entire system during Paris Retail Week. This is remarkable for the fact that all transactions are visible in real-time on the consumers' smartphones. This enables a direct feedback channel for retailers to communicate with consumers while they are shopping – not just afterwards. The item recognition & consumer tracking technology GK GO has been implemented by GK with partners Hitachi and Shekel.
About The Paris Retail Awards:
The Paris Retail Awards help contractors and service providers to strengthen their reputation, to reward the work of the team behind a project, initiate new contacts and even raise equity, as previous winners did. The main goal of this competition is to identify promising companies and innovations able to effectively provide solutions to issues faced by e-merchants, retailers and brands in general. The Jury, composed of our eight mentors, selected for their expertise on the subject, will have to select among all the projects submitted the most promising proposals in eight categories.
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