LOS ANGELES, March 03, 2021 (GLOBE NEWSWIRE) — through InvestorWire — InvestorBrandNetwork (“IBN”), a multifaceted monetary information and publishing firm for personal and public entities, right now pronounces that Yaniv Sarig, co-founder and CEO of Mohawk Group Holdings Inc. (NASDAQ: MWK), a technology-enabled shopper merchandise firm, lately appeared on DojoLIVE!, a energetic podcast and interview discussion board that brings collectively a broad roster of know-how, business and thought leaders from a variety of software program corporations and startups.
The broadcast, titled “AI and Machine Learning Revolutionize Consumer Packaged Goods,” is obtainable for on-demand viewing on the DojoLIVE! web site.
During the interview, Sarig briefly detailed his skilled expertise, noting his background as a software program engineer and his time main varied tech-focused startups. He then turned his consideration to the ways in which AI and machine studying are getting used to vary shopper packaged items, significantly within the e-commerce area.
“The way consumers shop is dramatically changed online. In traditional brick-and-mortar retail … we had to rely very heavily on what brands told us,” Sarig said in the course of the episode. “What we’re seeing today, if you look at how consumers are shopping in the online retail platforms, they’re actually using data in a very heavy way. They’re doing their own due diligence on products. … A lot of what Mohawk is doing is building a data engine that is trying to understand trends in how consumers are searching for products. … With that data, we can come back and compile a better product that could iteratively grab more market share and, more importantly, better answer customer demand.”
“Whether you decide to shop online or in the store … consumers are using the data that’s out there in the vast public space to figure out the best decisions they can make around the products they want. What we are doing first and foremost is trying to analyze that,” he continued. “We capture around a terabyte of data every day … and we analyze the way consumers interact with a product and search for it based on that data (to find) what that tells us about what they’re looking for.”
“The power of machine learning algorithms is that they can, with vast amounts of data, be trained to make the right decisions without necessarily having to rewrite all the code. … It’s not necessarily about being better (than humans); it’s about being able to make a lot of decisions at a very large scale while reducing the need for human input,” he mentioned. “(Mohawk) uses its software to analyze a lot of data. We identify certain opportunities for making products slightly better. … Then, what’s unique about our business, we turn that data into a real product. … Once the products arrive to the market, our software allows us to automate things like forecasts, pricing (and) advertising.”
Throughout the interview, Sarig supplied an in-depth rationalization of the ways in which machine studying software program is presently getting used throughout the e-commerce sector and detailed the distinctive method that Mohawk is taking to reinforce the effectiveness of AI in figuring out and addressing shopper tendencies.
About Mohawk Group Holdings Inc.
Mohawk Group Holdings Inc., collectively with its subsidiaries (“Mohawk”), is a quickly rising technology-enabled shopper merchandise firm that makes use of machine studying, pure language processing and information analytics to design, develop, market and promote merchandise. Mohawk predominantly operates by way of on-line retail channels comparable to Amazon and Walmart. Mohawk has 12 owned and operated manufacturers and sells merchandise in a number of classes, together with house and kitchen home equipment, kitchenware, environmental home equipment (i.e., dehumidifiers and air conditioners), beauty-related merchandise and, to a lesser extent, shopper electronics. Mohawk was based on the premise that if an organization promoting shopper packaged items was based right now, it could apply synthetic intelligence and machine studying, the synthesis of large portions of knowledge and using social proof to validate high-caliber product choices versus over-reliance on model worth and different conventional advertising techniques. For extra data, go to the corporate’s web site at www.mohawkgp.com.
About InvestorBrandNetwork
The InvestorBrandNetwork (“IBN”) consists of economic manufacturers launched to the funding public over the course of 15+ years. With IBN, we have now amassed a collective viewers of hundreds of thousands of social media followers. These distinctive investor manufacturers purpose to meet the distinctive wants of a rising base of client-partners. IBN will proceed to increase our branded community of extremely influential properties, leveraging the information and power of specialised groups of specialists to serve our more and more diversified record of purchasers.
Through NetworkNewsWire (“NNW”) and its affiliate manufacturers, IBN supplies: (1) entry to a community of wire options through InvestorWire to succeed in all goal markets, industries and demographics in the best method attainable; (2) article and editorial syndication to five,000+ information retailers; (3) enhanced press launch options to make sure most influence; (4) full-scale distribution to a rising social media viewers; (5) a full array of company communications options; and (6) a complete information protection resolution.
For extra data on IBN, go to https://www.InvestorBrandNetwork.com.
Please see full phrases of use and disclaimers on the InvestorBrandNetwork web site, relevant to all content material supplied by IBN wherever revealed or re-published: https://IBN.fm/Disclaimer
Forward-Looking Statements
This launch accommodates forward-looking statements inside the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently unsure, as they’re based mostly on present expectations and assumptions regarding future occasions or future efficiency of the corporate. Readers are cautioned to not place undue reliance on these forward-looking statements, that are solely predictions and converse solely as of the date hereof. In evaluating such statements, potential traders ought to overview fastidiously varied dangers and uncertainties recognized on this launch and issues set within the firm’s SEC filings. These dangers and uncertainties might trigger the corporate’s precise outcomes to vary materially from these indicated within the forward-looking statements.
Corporate Communications
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]
