Celect

Celect is a cloud-based, predictive analytics SaaS platform that helps retailers optimize their overall inventory portfolios in stores and across the supply chain, resulting in double-digit percentage revenue increases. 

Celect

129 South St, 6th Floor
Boston, MA 02111

Company Overview

Celect is a cloud-based, predictive analytics SaaS platform that helps retailers optimize their overall inventory portfolios in stores and across the supply chain, resulting in double-digit percentage revenue increases. This groundbreaking advance in machine learning and optimization allows retailers to understand how an individual customer shopping in store or online chooses from an assortment of products, revealing true demand. The technology builds on a fundamental advance in customer choice modeling called by MIT’s Computer Science and Artificial Intelligence Laboratory one of the 50 greatest innovations it has ever produced.

Celect is a predictive analytics platform that enables retail buyers, merchandisers, planners and inventory analysts to increase sales, margins, and reduce markdowns by placing the right product, in the right place, at the right time - across all channels.  By turning big data into smart data, Celect allows retailers to understand how an individual customer shopping at a specific location chooses from an assortment of products. The technology builds on a fundamental advance in customer choice modeling and machine learning called by MIT’s Computer Science and Artificial Intelligence Laboratory, one of the 50 greatest innovations it has ever produced.

Video

Products

Blog

January 10, 2018
It’s almost time....
January 4, 2018
A sigh of relief for retailers who welcomed the new year accompanies a sense of apprehension as brands survey the unsettling waters of the retail landscape for 2018.  What can be done differently? How can we be better?  These pressing questions, I’m almost certain, crossed most retailer’s minds.  ...
December 28, 2017
The impact of the holiday season for most retailers isn’t entirely clear yet and won’t be until after the New Year. However, based on what is available so far, I’d say it’s looking pretty good for most. :) From overall retail spend to post-Christmas opportunities, the most successful retailers are pushing through the end of an incredibly disruptive year to reach the bright light at the end of the tunnel. Here’s what we learned from the holiday season until now:...
December 21, 2017
I think we can all agree it’s been a crazy year for retail, filled with disruption, e-commerce pressures and record store closings. Not to mention strange partnerships, major acquisitions, and numerous bankruptcies.  As the year comes to an end, the ups AND downs in the retail industry over the past 365 days are clearly up for review. Let’s take a deeper look at what happened in 2017, along with the implications for 2018 and beyond....
December 14, 2017
This past month was HUGE for online retail.  Seriously—record-breaking e-commerce sales filled my news feed immediately after Black Friday weekend and Cyber Monday. Even Thanksgiving Day turned around some unexpected results. According to Adobe Analytics, Americans spent a record $6.59 billion online on Cyber Monday alone....

Deals

Posted on: February 28, 2017
Posted on: June 25, 2015