RENOWORKS SOFTWARE INC. Renoworks' improved platform uses A.I.-powered design and data insights to drive qualified remodeling leads to building product manufacturer
Traditionally, building material manufacturers had limited ability to generate highly qualified remodeling project leads, relying instead on their dealer and preferred contractor networks to generate product sales. Manufacturers in other industries have solved this challenge by leveraging technology to better reach their end consumer and support their channel partners. However, the building material industry has lagged in this regard.
Renoworks solves this problem for the manufacturer by providing it with artificial intelligence-driven visualization technology and data insights to engage end-consumers, reduce drop-off, and capture lead information from project-ready homeowners. The manufacturer can now pass qualified leads to its distribution and contractor partners to convert into sales opportunities.
Consumers are more willing to give permission to be marketed to on a Renoworks visualizer because they are aware of the immediate value. Working with key manufacturer partners, the Company has demonstrated improvements to opt-in rates when the consumer is offered an A.I.-generated design of their home featuring the manufacturer's building products.
Beyond providing building material manufacturers an appealing and efficient lead acquisition method, Renoworks' AI-powered design visualization solution has equal application to companies further down the value chain such as distributors, dealers, and contractors.
"Renoworks has shown it can compete against traditional marketing methods by offering homeowners an instantaneous and clear picture of their home remodeling projects before the work begins in exchange for their contact information and data," said Renoworks' CEO
Renoworks' platform improvements that include these technologies and data science offerings will be generally available in the coming months.
To read more about Renoworks latest data science solutions, visit: www.renoworks.com
Certain statements in this news release, other than statements of historical fact, are forward-looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from the information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
The
SOURCE
© Canada Newswire, source
