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Model N launches new generative AI (GenAI) and expanded data capabilities to strengthen its core product suite. Integrating GenAI and intelligent data into the company’s Channel Data Management, Formulary Compliance and Provider Management solutions showcases Model N's strong commitment to delivering continuous innovation.
“The opportunity to harness the power of GenAI and intelligent data to help our customers drive revenue growth, strengthen compliance, and achieve market success couldn’t be greater. As we look ahead, continuing to innovate with AI technologies in our product portfolio remains a top priority – empowering our customers to deliver life-changing products,” says Suresh Kannan, chief product officer, Model N.
Key Takeaways:
- Model N’s new generative AI Catalog Discovery is a part of its Channel Data Management solution that effectively helps high tech companies manage revenue from indirect sources. GenAI Catalog Discovery automates point-of-sale (POS) data processing, converting unstructured product descriptions into structured, actionable data, regardless of language. High-tech manufacturers can use the AI output to identify how their products are used and bundled for consumption. This helps optimize product bundles for increased channel sales and market share.
- Additionally, the company launched a web-scraping component for Catalog Discovery, a critical capability for e-commerce. This capability enables automatic collection of channel data from e-commerce sites, eliminating the need for manual data gathering—thus automating and enriching a customer’s product catalog.
