Slyce is never going to be accused on not furthering its presence in the internet marketing and retail sales world. Recently, the company has acquired the entity SnipSnap. SnipSnap originally served the purpose of helping customers access great digital coupons. Now that SnipSnap is owned by Slyce, a new app called Scout has been developed. Upon reading the press release in the Philadelphia Business Journal that covers this new development, customers interested in great deals are going to be very interested learning more about Scout.
Scout provides a very simple – and very attractive – service. The visual search technology of Slyce is going to be used to find matching merchandise that is available at discounted prices. Those who use the app regularly will find themselves saving, on average, about 50% on purchases.
Slyce is truly banking on Scout to be a success. The Toronto company purchased SnipSnap for roughly $6.5 million. This represents a massive investment in the company. Through combining SnipSnap and Slyce’s technology, Scout reflects the first wide-scale new effort designed to change the way people shop online.
The way Scout works is fairly simple in concept. The technology that makes it possible is, of course, highly sophisticated. Basically, the image recognition program originally developed by Slyce is used to find a particular type of merchandise. The SnipSnap technology aids in locating discounted versions of the matching images. The user does have to answer a few questions in order to be sure the right product is found at the right price. The system is not going to be run solely on artificial intelligence, but the user interaction will be minimal.