At the recently concluded National Retail Federation’s (NRF) Big Show, Intel showcased its first autonomous shelf auditing and analytics robot called Simbe Robotics Tally.
These robots are expected to operate along with humans during store hours without causing hindrance, keeping shelves stocked with right products and correct price tags. The robot is still in trials with retailers, but will be available soon.
“With technology like robots and artificial intelligence to free up employees, every aspect of the store and supply chain will allow retail employees to better focus on the customer and improve the store’s performance,” says Intel CEO Brian Krzanich.
“We’re developing technologies to transform the shopping experience in the near future. By bringing together virtual reality and the power of data, which is the ‘new oil’, we will help create the store of the future – one that is smart, responsive, connected and secure,” he adds.
According to him, data will impact retail in three specific ways – re-inventing the in-store experience, utilising the power of data analytics and then creating what Intel calls the ‘store of the future’.
In order to create a hi-tech shopping experience Intel remains committed to what’s called the Responsive Retail Platform (RRP) – a service that fosters the creation and spread of flexible and scalable solutions across stores. The primary aim of the platform is to collate different in-store technologies and bring them together onto a single platform, facilitating chipmakers to develop and deploy Internet of Things (IoT) services.
RRP will help in analysing customer behaviour, while providing retailers with detailed information. It will enable shopping complexes to install a variety of IoT hardware devices, sensors and other data-centric tools in stores. Intel believes that their new hardware+software suite will enable stores to improve inventory management and checkout experience, while personalising user experience.
Over the next five years, Intel will, reportedly, invest $100 million in the retail industry through its Intel RRP.
Words by Farimah Moeini, Snapchat Head of Industry – Retail and Travel TheJuly 5, 2021 | By RetailME Bureau
Snapchat has been betting big on Augmented Reality’s (AR) retail future consideringJune 22, 2021 | By Jibran Chouguley
Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and
UAE-based Al Maya Group announced that it will be boosting import of
UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the
Dragon Mart, the world’s largest Chinese trading hub outside mainland China, has
Alshaya Group this week celebrated the ‘go live’ of its 100th online
Extravagant, conceptual, great food and views are some of the ways that
UAE-based GMG is embarking on a wide-ranging digital transformation project that will enhance its
Abu Dhabi’s state investment company ADQ is in talks to invest about $500 million
Jumbo, the second largest supermarket chain in the Netherlands, is part of the
Remember the teleshopping channels on cable TV or the long home shop
Words by Joanne Joliet, Head of Worldwide Fashion & Apparel at Amazon
Amazon.ae recently announced the launch of Amazon Warehouse for customers in the
UAE-based BFL (Brands for Less) Group recorded a 56 per cent growth
The bricks versus clicks debate has been made redundant today with traditional