The Saudi Awwal Bank has announced its strategic partnership with Quant, a data science company specializing in artificial intelligence and data analytics for the retail and real estate sectors. The partnership aims to bring data-driven insights to the retail sector through Quant,a step that enables business owners to make more informed decisions based on advanced data analytics and AI.
Through this partnership, Quant will offer a robust set of analytics reports and business tools in the retail sector that cover essential areas such as retail key performance indicators, operational metrics, customer behavior, sales analysis, and inventory management. These resources will assist SAB’s business clients in optimizing their operations for increased profitability, reduced waste, and improved customer service, based on insights drawn from consumer demand, peak hours, and customer preferences.
Yasser Al-Barrak, chief corporate and institutional banking officer at SAB, said: “This partnership reflects SAB’s commitment to driving innovation and delivering exceptional value to our clients; this collaboration marks a step forward in empowering businesses with data-driven insights that will fuel growth and success because we believe that partnerships play a crucial role in enhancing business sustainability while contributing to support the Financial Sector Development Program for Vision 2030. Our clients will benefit from our exceptional banking services that meet the needs of businesses, fostering their growth and innovation.”
Ahmed Bukhamseen, CEO and co-founder of Quant, added: “We’re optimistic about the impact of this partnership with SAB. It will give business owners and consultants in the retail sector the opportunity to benefit from the advanced capabilities of our products to understand their costumers’ behaviors and preferences. This includes better monitoring of operations, understanding customer preferences, and making data-driven decisions, thereby enhancing the overall retail sector’s performance. Through this partnership, we aim to further establish the role of technology and data analytics as valuable tools for businesses.”
