One retailer leading the way when it comes to advanced computer vision technology is Amazon. The company’s Just Walk Out technology allows shoppers to enter a store, grab what they want, and leave – all without having to scan an item or use a payment method. The AI simply detects which items have been taken by the shopper and the system charges their Amazon account.
Computer vision can also power effective inventory management, as the technology is able to identify the number of items or crates in an image or video, saving the human worker from having to manually count and input that data. These automated inventory cycle counts provide retail workers with real-time updates, allowing them to make informed decisions around the stock in lightning speed and minimize the time spent with items out of stock.
It’s no surprise then, that 64% of retailers plan to deploy data-driven solutions such as computer vision to optimize inventory management over the coming years.