Artificial Intelligence: Kroger Enlists AI To Smoothen Self-Checkout

October 2, 2020 | Artificial Intelligence, News
https://dailyalts.com/wp-content/uploads/2020/10/37755148111_2401a358a5_c-Kroger.jpg

Everseen’s Visual AI technology will detect self-checkout errors.

Retail chain The Kroger Co. (NYSE: KR) has selected AI company Everseen to deploy artificial intelligence technology at 2,500 stores across the U.S. Kroger’s objective is to reduce the errors that occur occasionally at self-checkout. The technology will allow customers to self-correct the errors. (Supermarket News)

Everseen AI

Everseen’s platform commenced operations at Kroger stores in March.

It can, in real-time, watch videos, understand complex processes, and intelligently intervene to optimize them.

The system can detect if something is amiss during the customer’s checkout procedure. If the customer is unable to resolve the problem, the AI intervenes and messages a store associate to help out.

A typical problem is an item that doesn’t scan properly into the billing system. Evergreen senses the issue and summons help.

The immediate appearance of the store associate calms customers who may be in a hurry to complete their purchases and are stuck with a non-scanning item.

“Everseen’s unique Visual AI technology is transforming the way retailers can manage their end-to-end operations to drive perpetual inventory accuracy, prevent stock loss, and empower autonomous processes,” said Chris Taylor, chief sales officer for Everseen.

Kroger’s service goals

“We are laser-focused on continuous improvements to customers’ experience across our stores,” said Mike Lamb, vice president of asset protection at Cincinnati-based Kroger. “By leveraging Everseen’s Visual AI and machine learning technology, we’re not only able to remove friction for the customer, but we can also remove controllable costs from the business and redirect those resources to improving the customer experience even more.”

Kroger gained market share and boosted its profits in its second quarter ended August 15. Sales grew 8.2% driven by a continuation of pandemic-fueled home food consumption and digital sales growth of 127%. Operating profit surged 43% compared to the previous year.

Related Story:  Marty the Robot Hunts for Spills in Supermarket Aisles

Image Credit: Flickr                                                  

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…