A field of computer science, computer vision enables computers to identify patterns in visual content such as images and video. From inventory scanning robots to grab-and-go stores, computer vision is forecasted to revolutionize the retail industry. For example, automatic checkout technology (ACO) automatically generates shopping lists from images of products for purchase at brick-and-mortar stores,[…]
With the e-commerce boom, entrepreneurs have learned that conventional strategies of visual merchandising or sales promotions won’t be able to sustain profits in the cutthroat CPG industry. Many retailers are already implementing AI and image recognition to deliver the next level of customer experience, bringing the dawn of a new era for the retail industry.[…]
INTRODUCTION Innovations using Artificial intelligence (AI) and Machine Learning (ML)are among the top technology trends in the retail world. They are having a great impact on the industry, in particular in e-commerce companies that rely on online sales, where the use of some kind of AI technology is very common nowadays. Big players and first-movers like eBay, Amazon or Alibaba have successfully integrated AI[…]
Customers of local Stop & Shops may have recently noticed a pillar-like machine with blue lights roaming the store. The robot known as “Marty” was added as part of a new technology initiative nationwide. The 6-foot-tall robot alerts employees to spills and other situations that require cleanup. Nearly 500 of the robots have been stationed at grocery stores around[…]
Woolworths is using top of the line surveillance technology to monitor its supermarkets. The Gregory Hills store, which opened yesterday in Sydney, now includes a robot romancing the aisles which monitors hazards and makes the store “more safe”, a store manager told news.com.au. She explained the robot monitors the store and is able to alert[…]
As its once-strong mobile division continues to slide, LG is picking up its focus on emerging tech. The company has pushed automotive, and particularly its self-driving capabilities, and today it doubled down on its smart home play with the announcement of its own artificial intelligence (AI) chip. LG said the new chip includes its own neural engine that[…]
What is Power over Ethernet? Power over Ethernet (POE) is a technology that lets network cables carry electrical power. For example, a digital security camera normally requires two connections to be made when it is installed:A network connection, in order to be able to communicate with video recording and display equipment A power connection, to deliver the[…]
The Star Casino in Sydney, Australia, will deploy facial recognition as part of an ongoing A$10 million security upgrade to the facility. The move was announced after a casino employee was caught on camera stealing a chip worth A$5,000. Footage from a CCTV camera above the casino employee’s station showed the employee taking one of[…]
IPC camera can be wired or wireless. When it is wired, it has RJ45 connector that is connected to Ethernet cable. There are many versions of Ethernet cables, and obviously the higher the number, the better. The difference between different versions is hard to tell. Each newer generation introduces copper pairs with tighter twists and[…]
As Headcount’s Mark Ryski pointed out in his book “Conversion: The Last Great Retail Metric”, foot traffic is extremely important for retail operator to measure. The store revenue can be computed using the following equation: Sales= Traffic x Conversion Rate x Average Sales As of today, most retailers still use transaction traffic, which is traffic[…]