Logik.io’s Cosmo SmartPredict, an intelligent guided selling and product recommendation tool, is the latest release in the company’s Cosmo AI suite of artificial intelligence capabilities
DEERFIELD, Ill., April 30, 2024 – Logik.io, the company consumerizing enterprise selling experiences with advanced configuration technology, today announced its third artificial intelligence release with the availability of Cosmo SmartPredict, a first-of-its-kind AI-powered guided selling and product recommendation capability for CPQ and eCommerce experiences.
Logik.io’s Cosmo SmartPredict uses AI and machine learning to suggest “good, better, best” products and configuration options in real time based specifically on the seller’s historical data and order patterns, guiding end-users to the best-fit solutions for their customers. These AI-powered suggestions dramatically reduce the time required for users to make configuration selections.
Cosmo SmartPredict offers several benefits to sellers, end-customers, and admins including:
- Sellers are enabled to configure and quote faster. Cosmo SmartPredict’s guided selling approach to AI-driven recommendations reduces the amount of steps needed, saving sellers time and enhancing sales efficiency.
- Customers get the best-fit configurations for their needs. Cosmo SmartPredict adds more certainty than ever that customers are being presented with the optimal products and configurations based on what has worked best for customers like them in the past.
- Admins can support smart guided selling without needing to write extra rules. With Cosmo SmartPredict’s intuitive setup within Logik.io, admins can provide smart and accurate guided selling recommendations without having to write additional rules.
“Enterprise sellers want to configure and quote with the perfect balance of accuracy and efficiency, so that buyers get the best-fit products for their needs. Logik.io’s new artificial intelligence capability Cosmo SmartPredict is a powerful tool in the end-user’s toolbox, providing automatic suggestions of relevant product configurations based on how products have been sold in the past. The result is faster and more confident quoting, adding efficiency to the sales process and enhancing the customer experience.”
Christopher Shutts
CEO, Logik.io
Cosmo SmartPredict is the latest release in Logik.io’s Cosmo AI suite of artificial intelligence capabilities for CPQ and eCommerce, and the first capability in the suite geared toward the end-user. Cosmo SmartPredict is available alongside Logik.io’s other Cosmo AI capabilities designed for administrators: Cosmo FunctionAssist and Cosmo AdminAssist.
“One of Logik.io’s core values is to Lead with Innovation, and that is how we have approached our ongoing work to bring purposeful artificial intelligence capabilities to the CPQ and eCommerce space. Our Cosmo AI suite continues to evolve with the introduction of Cosmo SmartPredict, which brings exciting new capabilities to sales users and end customers. At Logik.io, we are proud to lead the way in bringing AI to product configuration and the quote-to-cash process.”
Fazal Gupta
Co-Founder & VP of Product
Logik.io
The release of Cosmo SmartPredict follows recent announcements of Logik.io’s new integration with ServiceNow for end-to-end revenue management as well as the news of Logik.io achieving its third consecutive year of triple-digit revenue growth in the fiscal year ending January 31, 2024. Read more about how Cosmo SmartPredict in Logik.io's latest blog.
About Logik.io
Logik.io is a unified advanced product configuration, discovery, and recommendation engine that makes complex selling simple in CPQ and eCommerce. Logik.io’s mission is to make selling simpler and buying better for every business across marketing, selling, commerce, and service channels by filling critical enterprise technology gaps in systems such as CPQ, ERP, and commerce. Founded in 2021 and based in Deerfield, Illinois, Logik.io is backed by Emergence Capital, Salesforce Ventures, ServiceNow Ventures, and High Alpha. For more information, please visit www.logik.io.
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