How Retailers Are Leveraging Computer Vision

 

The pandemic accelerated a lot of things for companies, and one of those is computer vision. While only three percent of companies currently utilize computer vision technology, according to research from RIS’29th Annual Retail Technology Study: Retail Accelerates,” 40 percent have plans to implement or finish implementing the technology.

Here to give insights on this episode of This Week In B2B and chat with Voice of B2B Daniel Litwin is Samuel Mueller, CEO and Co-founder of Scandit, a computer vision company using AR tools for enterprise applications like barcode scanning, text recognition (OCR), object recognition and more, direct from users’ smartphones, and devices.

With many industries starting to leverage computer vision at scale, companies like VOCHI are securing millions to fund its computer vision-enabled video editing app. Healthcare organizations are starting to use it to better categorize and identify key equipment and life-saving materials. This is leading to other industries’ use cases bringing innovation to the retail sector.

“We’re seeing big overarching trends that drive innovation across retail and other sectors, and largely across the entire supply chain … in retail we’ve seen a big shift toward truly omnichannel behavior, with the pandemic obviously being one key driver, but by far not the only one,” Mueller said.

As a result of having to deliver a great omnichannel experience, retailers really had to think about the way they achieved this accomplishment. One solution to do this has been equipping store associates with better tools, such as smartphones capable of scanning barcodes and checking data entities as customers walk into a store to come to pick up an item.

“Another example is the ability to leverage computer vision-based barcode scanning on smartphones to go pick and procure all the different orders,” Mueller said.

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

 

Follow us on social media for the latest updates in B2B!

Image

Latest

With Walmart Health Shuttering Its Doors, Retail Healthcare Has to Rethink Its Role & Strategy in Primary Care
May 28, 2024

Retail healthcare is an uncertain slice of the U.S. healthcare industry, being defined by both recent strategic retreats and bold expansions which have sparked crucial discussions about the future of primary care services within the retail sector. The most recent news that shocked the industry was the shuttering of Walmart Health, Walmart’s 51 health…

Read More
Edge Computing Smart Cities Experts Talk
Edge Computing is the Foundation for Scaled Smart Cities. How Can the Industry Accelerate Adoption?
May 28, 2024

As cities globally accelerate their transformation into “smart cities,” the integration of a capable computing ecosystem to complement smart city initiatives has become an important part of smart city success. How critical will edge computing be in that ecosystem, and in the facilitation of today’s and tomorrow’s smart city projects, especially with where smart…

Read More
The Global Privacy Revolution: Navigating the New Landscape of Data Collection and Integration
May 28, 2024

The Global Privacy Revolution: Navigating the New Landscape of Data Collection and Integration In today’s rapidly evolving digital landscape, the global emphasis on privacy is emerging as a powerful disruptor, fundamentally transforming how businesses collect and integrate customer data. This shift is not merely a regulatory hurdle but a profound evolution in societal values, recognizing…

Read More
Continuous Improvement in Threat Assessment
Continuous Improvement in Threat Assessment Practices
May 28, 2024

In this episode of School Safety Today by Raptor Technologies, Michelle Dawn Mooney sat down with Dr. Marisa Randazzo to discuss the importance of continuous improvement in threat assessment practices.  Dr. Randazzo shares her extensive experience in threat assessment, emphasizing the importance of quality training and to regularly evaluate and enhance their threat assessment…

Read More