Nucleus Vision ties up with ZOYI Corporation to explore technology in retail space
Nucleus Vision has partnered with the ZOYI Corporation, a Korean-based retail computing company, to explore the areas of technology collaboration and strengthen online and offline customer analytics in India, Korea, and other geographies. This is being done by developing state-of-the-art joint go-to-market strategies focusing on data analytics, machine learning, and AI programs.
The current retail market in India amounts to an approximate of US$672 billion and is estimated to reach US$1.1 trillion by 2020, while Korea’s market approximates at US$525 billion. Through this partnership, Nucleus Vision and ZOYI aim to bring together technology advancements across Indian and Korean markets for better personalization of retail shopping experience.
“The retail industries in India and South Korea have continued its momentum largely due to socioeconomic developments and rising purchasing power. Our partnership with Nucleus Vision will complement our strengths and give us a geographical advantage by enhancing our network to one of the fastest growing markets in the world,” said Siwon Choi, CEO, Co-Founder, ZOYI.
“With this partnership Nucleus Vision aims to develop customer analytic technologies to inspire a new, improved wave of retail shopping. While our vision and commitment to India is stronger than ever, our association with ZOYI Corporation presents us with a huge opportunity to tap into the South Korean market,” said Abhishek Pitti, Founder & CEO, Nucleus Vision.