Computer Vision and AI self-checkout solutions
Today’s retail landscape is rapidly changing, and technology is playing an increasingly important role. Retailers are dealing with a number of issues, including retail theft, increased wages, inflationary pressures, and more. The biggest retailers are embracing automation to deal with many of these issues. Technology can be used to automate many of the manual processes […]
Amazon Sheds Profits to Fuel Its Incredible Expansion
Amazon founder and CEO Jeff Bezos got the opportunity to be the richest man in the world for a brief period of time this Thursday. As Amazon shares hit a record high of $1,083.31 yesterday, he pushed ahead of Bill Gates for a little while, before the shares took a 3.2% tumble in after hours […]
Amazon Moves to Conquer Groceries with Whole Foods Purchase
The big business news rolling into the weekend was Amazon’s purchase of Whole Foods, a move that seemed to take the retail world by surprise. Industry analyst Charlie O’Shea calls the $13.4 billion deal “a transformative transaction, not just for food retail, but for retail in general.” Soon, Amazon will have 460 Whole Foods stores […]
Walmart Grows E-Commerce Wing with Pending Bonobos Purchase
Walmart may be the number one retailer in the world overall, but it lags far behind Amazon in online sales — and as anyone who’s paying any attention knows, the future is in e-commerce. Amazon’s exponential rise seems unstoppable; the company captured more than half of all online sales growth in 2016. It is finding […]
Apple Pay Marks Major Leap for Digital Payments
In addition to unveiling the Apple Watch and the new iPhone 6 models, Apple also revealed plans to sync up both devices with the Apple Pay digital payment system. The move will allow users to complete online and point-of-sale payments with their smartwatches and smartphones. Apple Pay uses near-field communications (NFC) technologies to allow connected […]