Computer Vision Can Help Retailers Manage Inventory — But One Solution Doesn’t Fit All

Computer Vision Can Help Retailers Manage Inventory — But One Solution Doesn't Fit All May 2, 2018 Artificial Intelligence Expert Intelligence Retail Tech May 2, 2018 Share Computer Vision Can Help Retailers Manage Inventory — But One Solution Doesn't Fit All on Facebook Share Computer Vision Can Help Retailers Manage Inventory — But One Solution Doesn't Fit All on Twitter Share Computer Vision Can Help Retailers Manage Inventory — But One Solution Doesn't Fit All on LinkedIn Share Computer Vision Can Help Retailers Manage Inventory — But One Solution Doesn't Fit All via Email Artificial Intelligence Expert Intelligence Retail Tech From "grab-and-go" stores to shelf scanning robots, computer vision is gaining popularity with in-store inventory tracking. But is it worth the infrastructure overhaul for all retailers? We look at the tech's current promises and limitations. Where is this data coming from? Start your free trial today EmailWhere is this data coming from? Start your free trial today Email Retailers are testing artificial intelligence-based solutions to address bottlenecks in supply chain management. For example, computer vision-based cameras and robots are being used more frequently to track and manage store inventory. Retailers are also testing robots that check for misplaced items or missing price labels — some of the more manual and time-consuming tasks for sales clerks. 15-Min Flash briefing: Can AI Save Physical retail? Learn how Walmart, Amazon, Sephora, Zara, and other retailers are using AI to reinvent the brick-and-mortar store. First NameLast NameEmail We look at 3 emerging computer vision applications — shelf scanning, product loss & theft management, and checkout-free stores — to see what the technology can and cannot do for retailers. Shelf-scanning robots Walmart recently announced that it will be testing shelf-scanning robots developed by Bossa Nova Robotics in 50 of its stores. The robots will find out-of-stock items, missed price changes on shelves, and missing labels, using computer vision to navigate the shop floor without bumping into people or carts. Some of Bossa Nova's US patents for shelf-scanning robots are shown below. Walmart is not alone in testing the technology in the store. The Lowe’s Innovation Lab partnered with startup Fellow Robots to build retail robots OSHBot and LoweBot. Target tested out Tally, a robot developed by Simbe Robotics, in San Francisco in 2016. Want the full expert post? Become a CB Insights customer. If you're already a customer, login here. TOP TECH TRENDS See the trends poised to reshape industries in the coming year. Email Related Research Rise Of China’s Big Tech In AI: What Baidu, Alibaba, And Tencent Are Working On How Google Plans To Use AI To Reinvent The $3 Trillion US Healthcare Industry State of Artificial Intelligence in China You might also like: Rise Of China’s Big Tech In AI: What Baidu, Alibaba, And Tencent Are Working On How Google Plans To Use AI To Reinvent The $3 Trillion US Healthcare Industry State of Artificial Intelligence in China Popular Data Visualizations The United States Of Tech Startups 100 Startups Using Artificial Intelligence To Transform Industries Google's Biggest Acquisitions You might also like: Rise Of China’s Big Tech In AI: What Baidu, Alibaba, And Tencent Are Working On How Google Plans To Use AI To Reinvent The $3 Trillion US Healthcare Industry State of Artificial Intelligence in China Comments there are 0 comments to this post, add yours Where is this data coming from? Start your free trial today EmailWhere is this data coming from? Start your free trial today Email CB Insights Research Research Portal cbinsights.com Facebook Twitter LinkedIn Email 2017 CB Insights
Computer Vision Can Help Retailers Manage Inventory — But One Solution Doesn’t Fit All