TAWNY.AI’s Post

Exciting times ahead in the world of retail tech! As consumer behavior continues to evolve, so does the landscape of retail. From AI-driven personalized shopping experiences to contactless payment solutions, technology is revolutionizing every aspect of the retail journey. As a passionate advocate for innovation in this space, I’m thrilled to witness the transformative power of retail tech firsthand. Whether it’s optimizing inventory management with AI technology or enhancing customer engagement through augmented reality, the possibilities are endless. As we embrace the digital era of retail, let’s collaborate, innovate, and shape the future of commerce together. #RetailTech #Innovation #FutureOfRetail

When my previous company (Quri) was acquired by Trax Retail back in 2018, I remember sitting in my bay area apartment with my laptop, reviewing aisle after aisle of our local Safeway in the Trax portal. All of the products on these shelves were automatically tagged (by a trained machine learning platform!), aisles were stitched together, and I was virtually walking the store as if I were a consumer. My wife thought I was nuts, but I could not stop talking about it with her or my friends. Nor could I comprehend how scalable, informative and innovative this technology was. Fast forward 7 years later. Robots are serving cocktails at company events, cars drive themselves, and everyone seems to be an AI expert thanks to ChatGPT, Canva, Adobe, Google, etc. Suddenly, a computer identifying and tagging a SKU on a shelf doesn't seem so innovative, or frankly, so cool. At Trax, we did not rest on our laurels. We rode the same waves every tech company did over the last 5 years, and continued to push ourselves and the entire retail and CPG industry to a new frontier. The result? We now have terabytes of computed retail execution data and most importantly, have gotten great at using it to inform (and execute) actions in stores that need the most help, at the right time, in the most precise way. What started as cutting edge image recognition software has graduated into true mechanism for driving Client ROI. It is amazing to see this vision (and this industry) continue to evolve and we are thrilled to be at the forefront!

Best use of AI in Retail and e-commerce 🎊🎊

Retailers are turning to 💡 𝘀𝗺𝗮𝗿𝘁 𝘀𝘁𝗼𝗿𝗲𝘀 💡as the newest way to sell their products literally anywhere and at anytime. Stop by 𝗖𝗮𝘀𝘁𝗹𝗲𝘀 Technology 𝗕𝗼𝗼𝘁𝗵 #𝟱𝟴𝟲𝟳 at NRF Retailer's Big Show where we will feature Micromart smart store technology using our S1U2 payment device to create a seamless unattended checkout. See a demo of how AI technology and payments can work together to create a micro market revenue stream for your business! #unattendedretail

𝗧𝗵𝗲 𝗟𝗼𝘀𝘀 𝗣𝗿𝗲𝘃𝗲𝗻𝘁𝗶𝗼𝗻 𝗣𝗮𝗿𝗮𝗱𝗼𝘅: 𝗥𝗲𝘁𝗮𝗶𝗹´𝘀 𝗻𝗲𝘄 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 🤜 🔛 🤛 With the increase of Theft, and Loss in general, retailers are facing a struggle between two forces pulling in opposite directions. Loss Prevention initiatives come with a trade off from additional friction on the customer experience, therefore impacting sales and brand perception/experience as a whole. 💡 But what if I told you that it doesn't have to be that way? We are collaborating with retailers globally bringing Customer Experience and Loss Prevention on the same team and pulling forward together. ➡ Fraud detection using AI vision tech ➡ Smart Tags to protect high-value items ➡ Frictionless exit flows with smart gates ➡ Our Data platform to identify patterns and deliver actionable and proactive insight. The outcome: 😀 Improved Customer Experience ⛔ Reduced Loss Stay tuned as we will deep dive into each of the solutions and OnRed - ITAB Retail Platform #lossprevention #retail #retailtech #customerexperience #cx ITAB Group

💡Dive into the latest tech trends that are paving the road for retail! This year's Shoptalk showcased numerous sessions emphasizing the significance of leveraging technology and AI to deliver seamless customer experiences while keeping sustainability in mind. Our latest blog highlights three trends that circulated the trade show floor: https://lnkd.in/er8q2axd What retail tech trends are you most excited about this year? #shoptalk2024 #retailsolutions #WalmartCommerceTech 

Our editor spoke with Aykut Dengi, CEO and Co-founder of RadiusAI. She learned all about how #retailers can improve speed, reduce shrinkage, and keep customer service front and center, all with #ComputerVision-assisted checkout ➡️ https://brnw.ch/21wP8HD

Ben Sillitoe's recent blog, "Exchange 2024: Man and Machine Harmonisation," explores the delicate balance between human expertise and machine efficiency in the retail industry. At the Exchange 2024 conference, the discussion emphasized how technology and human skills can complement each other to create a seamless, efficient, and enriched shopping experience. This concept is central to Manhattan’s vision for the modern retail store, where store associates are not replaced by technology but rather empowered by it. Get a summary of all the latest news, customer stories, and more from #MAExchange: https://ow.ly/IyBw50U0BM1 #generativeai #retailnews #retailtechnology

Ben Sillitoe's recent blog, "Exchange 2024: Man and Machine Harmonisation," explores the delicate balance between human expertise and machine efficiency in the retail industry. At the Exchange 2024 conference, the discussion emphasized how technology and human skills can complement each other to create a seamless, efficient, and enriched shopping experience. This concept is central to Manhattan’s vision for the modern retail store, where store associates are not replaced by technology but rather empowered by it. Get a summary of all the latest news, customer stories, and more from #MAExchange: https://ow.ly/jb3f50U7qLu #generativeai #retailnews #retailtechnology

📰 News: 📰 🚀 Unleash the Power of Customer-Centric Business! 🌟 Let's face it: the retail world has moved way beyond automated checkouts. It's no longer just about making sales in-store—it's about integrating everything from supply chains to personalized customer experiences into one seamless journey. Sounds dreamy, right? But as we're seeing, it can be a double-edged sword! Data, AI, and a strong business culture are your secret weapons for creating and sustaining a customer-centric focus! 🌐💡 💥 Here’s why you need to make this shift: 🌟 93.4% of all in-store card transactions up to £100 were contactless in 2023. 🤖 AI-driven personalization can boost conversion rates by up to 20%. 📉 Retailers can see losses running into millions due to system outages. 🔄 Modern payment systems offer improved stability, security, and scalability. By embracing a customer-centric business model underpinned by data and AI, and fortified by a strong business culture, you'll not only meet your customers' needs but also foster an environment of trust and reliability. Got thoughts? Drop them below and let's keep the conversation going! Don’t forget to hit that follow button to stay updated with the latest innovations from AnniQ! 🚀📊💬 #Ecommerce #Retail #Commerce #Manufacturing #Logistics #Hospitality #Consulting #Strategy #Innovation #Business #ArtificialIntelligence #CEO #Founder #AnniQ https://lnkd.in/e4YTEVqh