Advanced analytics, machine learning and artificial intelligence will be available to help joint customers achieve optimal business results
/EIN News/ — NEW YORK, Sept. 22, 2022 (GLOBE NEWSWIRE) — Boxed, Inc. (NYSE: BOXD, BOXD WS) (“Boxed” or the “Company”), the commercial technology company specializing in both as an e-commerce retailer and e-commerce enabler, today announced that its Spresso SaaS platform is now Powered by Snowflake. Powered by Snowflake is a program of the Snowflake Partner Network, designed to accelerate the ability of enterprises and application developers to deliver differentiated applications by supporting them at all stages of the application journey in the Snowflake Data Cloud.
Spresso solutions deliver actionable insights to help customers effectively scale their businesses by supporting efficient growth and cost reduction. The platform’s modular analytics and machine learning solutions target specific opportunities in the retail ecosystem, enabling merchants to better predict customer value, predict churn, optimize prices for profitability and conversion, and to gain efficiencies in packaging and shipping.
“Our partnership with Snowflake allows our customers to seamlessly share the data needed to generate Spresso releases. In turn, the Spresso models work in the Snowflake Retail Data Cloudreturning predictive analytics and actionable insights to our joint customers to drive better business outcomes,” said Jared Yaman, COO, Boxed and Spresso Business Head.
Through its Spresso platform, Boxed is a long-time Snowflake customer and a member of Snowflake Partner Connect, and now, the Snowflake Partner Network. Spresso tools and modules have been built using Snowflake Native Application Frameworkcurrently in private preview, which allows app developers to build apps using core Snowflake features, distribute them globally on snowflake market, and deploy them to a consumer’s Snowflake account. Spresso will soon be available for Snowflake’s data cloud ecosystem of over 6,300 customers, and will leverage Snowflake enablers such as Snowpark, Snowsight and other valued market partners.
“Our partnership with Boxed will generate valuable insights for our mutual customers, providing them with the analysis they need to optimize their businesses,” said Rosemary Hua, Global Industry GTM Lead, Retail and CPG at Snowflake. “By becoming Powered by Snowflake, Spresso will enable our joint customers to leverage a streamlined implementation with a single source of truth to help them increase profitability, reduce churn, and deliver a better customer experience. .”
Boxed is an e-commerce retailer and e-commerce facilitator. The Company operates an online retail service that provides bulk pantry consumables to businesses and individuals without the requirement to be a member of a big box store. This service is powered by Spresso (https://www.spresso.com), the company’s own software and services business. Whether solving data problems using machine learning modules or reformatting with end-to-end technology, showcase, marketplace, analytics, execution, Spresso’s advertising and robotics enable better business outcomes for e-commerce customers. The Company aspires to have a positive social impact by emphasizing good environmental, social and governance (“ESG”) practices and, as such, has developed a powerful and unique brand, known for doing good through its customers, employees and society. For more information, please visit investors.boxed.com.