Artificial Intelligence: Japanese Companies Retail AI And Toshiba Partner To Revamp The Shopping Experience

September 16, 2022 | Artificial Intelligence, News
https://dailyalts.com/wp-content/uploads/2022/09/e83244c.jpg

Retail AI brings the latest AI technology to brick-and-mortar stores. ELERA from Toshiba is a unified commerce platform with modular microservices.

Japanese companies Retail AI and Toshiba Tec (TYO: 6588) have partnered on a project to integrate Retail AI’s Smart Shopping Cart with Toshiba’s ELERA, a unified cloud commerce platform and suite of solutions that enables retailers to remove boundaries between physical and digital stores. (Businesswire)

Retail AI has deployed its Smart Store Technology in the Japanese retail market since 2018, by integrating the latest AI into physical stores’ operations.

Its Smart Shopping Cart is an in-store shopping cart that offers customers a new-generation shopping experience by enabling a smooth checkout without the need to stand in line. It also provides AI-generated shopping recommendations and store promotions, and features a unique unscanned item prevention technology.

The Smart Shopping Cart currently has 9,115 units installed and was used by 1.8 million customers of all age groups during the month of August 2022.

Toshiba’s ELERA commerce platform enhances store technology by ensuring a smooth interaction between a retailer’s physical stores and digital operations. It deploys technologies such as computer vision and AI to enable retailers to scale up operations by leveraging digital commerce.

Related Story: AI Robot TX SCARA To Debut In 300 FamilyMart Stores In Japan

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/2022/09/Breeding-Black-Soldier-Flies©ParisTsitsosforLivinFarms-scaled.jpg
Venture Capital: LIVIN Farms, A Provider Of Bugs On Subscription, Raises €6M Series A

LIVIN Farms, an industrial technology provider in the alternative protein industry, has developed HIVE PRO, a fully automated process that allows waste management companies and large scale food producers to…

https://dailyalts.com/wp-content/uploads/2022/09/gavel-gbf1ca5f08_640.jpg
Digital Assets: Sam Bankman-Fried’s FTX US Wins Auction For Voyager Digital’s Bankruptcy Assets With $1.4B Bid
September 28, 2022     Digital Assets, News

West Realm Shires Inc., dba FTX US, has won the bankruptcy auction for the assets of Voyager Digital with a bid of about $1.422 billion. It was held to be…

https://dailyalts.com/wp-content/uploads/2022/09/alex-knight-B0-kMa8BgU-unsplash.jpg
Artificial Intelligence: Clearview Nabs Patent For Technology That Creates Bias-Free Algorithms

Clearview AI announced its win of the “Scalable Training Data Preparation Pipeline And Efficient Distributed Trainer For Deep Neural Networks In Facial Recognition” patent (U.S. Patent No. 11,443,553) issued by…

https://dailyalts.com/wp-content/uploads/2022/09/UN17SDGs.jpg
Alternative Investments/ESG: The Newday Sustainable Development Equity ETF

Newday offers portfolios addressing the world’s most pressing environmental and social issues including climate action, ocean health, clean water, diversity, equity and inclusion, wildlife conservation and animal welfare, and stakeholder…