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Retrevo Granted eCommerce Patent for Product Graph Technology
Real-Time Map of Every Product Online and How They’re Related, Enables Rich, Personalized Consumer Shopping Experience Across Product Categories and Markets
By: Retrevo Inc.
The Retrevo Product Graph is a dynamic, comprehensive global map that understands products, their correlation to other products, accessories, apps, content, and a myriad of other variables relevant to presenting an accurate view of virtually any product online at any point in time.
Retrevo’s platform and patented algorithms create a structured product graph using the unstructured data collected from the open web and proprietary data sources. The Product Graph allows Retrevo to effectively guide, merchandize, up-sell, and cross-sell products — creating a rich shopping experience that fosters discovery, and that enables consumers to quickly choose and evaluate the right product for themselves.
“Retrevo has built technology that makes it possible for shoppers to discover and evaluate products that are tailored to their exact needs,” says Retrevo Co-founder and CEO Vipin Jain. “We process more than 100 million product data points daily, such as product introductions, their age, pricing trends, consumer sentiment, buzz and social media chatter, and even the apps and content relevant to the product. The result is a simple product discovery experience aided by a rich product evaluation that predicts product obsolescence, web-wide sentiment, value judgment and a product’s compatibility with accessories, content and apps. This technology can be applied and utilized for nearly any category of products or markets with multiple variables, such as appliances, home and garden equipment, sporting goods, etc.”
Retrevo now holds U.S. Patent Nos. 7,917,493 and 8,000,819 that allow the company to take “unstructured data” from across the web and turn it into a useful product discovery tool that can be used by everyday shoppers to make confident shopping decisions.
As one for the world’s largest consumer electronics shopping and review sites, Retrevo.com has been helping shoppers discover, evaluate and buy gadgets since 2006. Retrevo established its business by creating powerful ecommerce tools to collect and analyze over 100 million web-wide data points daily, and turn unstructured data into customer-centric product discovery and evaluation. The Silicon Valley based company has been recognized as a “Best Website of 2011” by TIME Magazine, and is currently growing relationships with merchants looking to expand their e-commerce offerings.