Retailers are getting serious about increasing inventory accuracy and attacking on-shelf availability problems. Unveiled for the first time at Intel’s NRF 2019 booth, Pensa will show its breakthrough retail inventory visibility system aimed squarely at the trillion-dollar retail shelf “blind spot” problem. Utilizing in-store servers with Intel architecture to power analytics, Pensa combines artificial intelligence (AI) and drones to autonomously scan shelves and then alert retailers and brands as to what is actually on shelves – across all stores, everywhere, at any point in time.
Some of the most exciting innovations in retail technology are the changes you can’t see – the technologies that are allowing back-of-house automation so valuable staffing hours can be put back into customer-facing activities. Rubikloud utilizes a machine learning platform for retail to automate the mass promotions and merchandising process – the most expensive business process – to deliver an optimal mix of promotion mechanics for accurate forecasts to reduce stock-outs and increase revenue.
AI is reinventing the retail landscape. No longer confined to the data center, AI has made its way into the store itself where retailers are using machine learning to streamline operations, improve supply chain and inventory management, fuel immersive experiences, and inform precision marketing. MeldCX/AOpen is the first AI-enabled, computer vision bulk product scale and labeling system powered by multiple Intel architectures, including Intel® Movidius™ Vision Processing Units. It allows bulk items to be purchased and determines the type and cost of an item, without a barcode – removing friction from the shopping experience by determining bag contents to save time, money and hassle.
Intel’s Open Retail Initiative removes barriers between innovators by connecting technologies and data through common, open-source frameworks. It promotes a free exchange of ideas within the retail industry to drive creative and technological advancement. Through collaborations within the EdgeX Foundry alliance and our ecosystem partners, starting with Canonical, Dell, Envirosell, HP, JD.com, JDA, Petrosoft, RetailNext, SAS, Shekel Brainweigh, SUSE, Toshiba Global Commerce Solutions, Verifone and VMware, Intel is removing barriers to technology adoption.
As Intel celebrates 10 years as a catalyst and key partner in building a bright future for retail, there’s nothing more exciting than imagining what’s ahead. The era of retail transformation has only just begun. Here’s to the next 10 years, and many more to come.
Joe Jensen is vice president of the Internet of Things Group and general manager of the Retail Solutions Division at Intel Corporation.