08/20/2024 | Press release | Distributed by Public on 08/21/2024 03:18
The Reynolds and Reynolds Company announced today the launch of Spark AI, an artificial intelligence (AI) data layer that powers all Reynolds AI products. Spark AI eliminates silos created by AI tools and provides a broader data set, resulting in smarter tools.
The company is leveraging AI and machine learning to help the automotive retail industry make tremendous leaps forward.
"Artificial intelligence and machine learning tools are just beginning to come into their own," said Chris Walsh, president of Reynolds. "As a result, some still struggle to get disparate applications to coordinate and function together as a whole to get the most benefit out of AI across their systems.
"At Reynolds, we have long approached designing our products to work seamlessly with each other. This forward-thinking approach has made it possible to implement widespread AI benefits across our entire Retail Management System, enabling dealers to maximize productivity, strengthen customer interactions, and make more educated decisions."
At Reynolds Retail Summit, four AI products that leverage the single, shared Spark AI data layer were released to deliver smarter, outcome-driven results:
To maximize the impact of Merchandising AI, Reynolds also announced at its Retail Summit the merging of ReconTRAC and AutoVision. ReconTRAC has been renamed ReconVision and is now a part of the AutoVision platform. This change will bring all vehicle management tools together in one platform and further broaden the Spark AI data layer.
"Spark AI helps dealers solve many of the problems they face on a daily basis," concluded Walsh. "Right now, dealerships are experiencing staffing shortages and expectations of doing as well, if not better, than they ever have before. Spark AI helps them do this by making their people more efficient and productive. It is ushering in a new way to leverage AI in automotive retail."
Reynolds and Reynolds is a leading provider of automobile dealership software, services, and forms to help dealerships deliver better business results and transform the customer experience. The company is headquartered in Dayton, Ohio, with major U.S. operations in Houston and College Station, Texas, Tampa, Florida, and Celina, Ohio, as well as operations in Canada, the U.K., and Europe. (www.reyrey.com)
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