Wednesday, 24 March 2021 16:36

EVANPOYNT and Stylumia partner exclusively for the Australian and New Zealand Markets


CHANNEL NEWS: EVANPOYNT has announced a compelling partnership with Stylumia Intelligence Technology (Stylumia) to market their differentiated AI driven retail solutions exclusively within Australia and New Zealand.

Significant changes in consumer behaviour have accentuated the need for retailers to embrace new ways of working to prosper in a market of increased competition.

Based in Melbourne, the recently formed EVANPOYNT provides unique artificial intelligence (AI) driven business solutions to address critical challenges faced by retailers in the Australian and New Zealand markets.

The experienced and personally committed team behind EVANPOYNT makes AI and machine learning (ML) real for retail businesses of any scale and operating model with solutions that advance complex decision making in merchandising and supply chain.

Stylumia is based in Bangalore, India and was founded by Ganesh Subramanian. It is a fashion tech company that believes in augmenting human intelligence in fashion and lifestyle retail for a better world. It has a mission of reducing wastage in the fashion and lifestyle industry.

Stylumia makes products for consumer-driven decision making using a combination of real-world data at internet scale and machine learning to assist businesses in fashion and lifestyle solve difficult problems.

This is a radical approach when compared to traditional supply-driven or intuition-based fashion prediction and fashion forecasting solutions that are prone to inaccuracy from analyses that focus on what is in the market already, being more an indicator of what was supplied rather than sensing the consumer demand of what will sell well.

These deep-tech capabilities deliver improved product assortments, optimised inventory management for the most accurate consumer-driven fashion forecasts in the industry.

Stylumia’s suite of transformational solutions is powered by machine learning-based prediction algorithms and award-winning Demand Science™.

EVANPOYNT shares the passion for this vision, and affords a good cultural fit through shared values.

Rashad Evans, co-founder & Executive Officer said: “Leading change in retail with disruptive and cutting-edge technologies and solving complex business problems is what I enjoy. Through our portfolio of transformation offerings, our clients will see financial improvements in their businesses.”

Focused on business outcomes, together with exclusive technology partnerships, EVANPOYNT is striving to deliver value such as reduced cost, increased revenue and profit, improved productivity, and a better-connected consumer.

“EVANPOYNT allows me to focus my passion for next-generation retail and technology innovation to deliver beneficial business outcomes for our clients, using advanced, transformational technologies,” said Chris Poynter, co-founder & Technology Officer.

Market offerings include demand sensing, demand forecasting, fashion trend forecasting, localised assortment, returns, new product ideas and designs, and how to stay abreast of the competition augmented by AI and ML.

The EVANPOYNT name is derived from an abbreviation of the co-founders’ last names as a representation of their personal brand and commitment to their clients’ success.

More information is at the Stylumia site, with Stylumia's announcement of the partnership here, and more info about EVANPOYNT here.

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Alex Zaharov-Reutt

Alex Zaharov-Reutt is iTWire's Technology Editor is one of Australia’s best-known technology journalists and consumer tech experts, Alex has appeared in his capacity as technology expert on all of Australia’s free-to-air and pay TV networks on all the major news and current affairs programs, on commercial and public radio, and technology, lifestyle and reality TV shows. Visit Alex at Twitter here.

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