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Tech Viewpoint: Three Ways Computer Vision is Transforming the Store Chain Store Age

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One of the more interesting artificial intelligence (AI) technologies to gain popularity in retail is computer vision. Computer vision solutions automate the process of collecting digital images and analyzing them at an in-depth level to inform decision-making. Essentially, computer vision allows a machine to "see" things and events, make judgments and react accordingly in the same way a human does. Computer vision is having a profound effect on almost every major industry, with retail no exception. In particular, retailers are finding that computer vision solutions are crucial components of the seamlessly blended digital-physical store experience customers seek.


This is How Computer Vision Enhances Your Shopping Experience Analytics Insight

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In the fast-moving digital world, imagine getting a seamless shopping experience, where all the visual content is instantly shoppable and available online to try on before one goes to the final checkout screen. The field of computer vision, which aims to help machines understand visual data as a human would, is rapidly moving ahead, dramatically changing the way we shop and interact with the world around us. One of the more interesting artificial intelligence (AI) technologies gaining popularity in retail is computer vision. Computer vision solutions automate the process of collecting digital images and analysing them at an in-depth level to inform decision-making. Essentially, computer vision allows machines to make judgments reacting just in the same way a human mind would react.


The global artificial intelligence (AI) in retail market attained $720.0 million in 2018 and is predicted to witness a CAGR of 35.4%

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GNW The global artificial intelligence (AI) in retail market attained $720.0 million in 2018 and is predicted to witness a CAGR of 35.4% during 2019–2024 (forecast period). The factors contributing to the growth of the market include the increasing investments in AI by retail companies and expanding e-retail industry. With AI, retailers have been able to automate their work processes, study consumer behavior, and capture relevant data through the adoption of numerous advanced technologies, such as machine learning, natural language processing (NLP), and computer vision. When technology is considered, the AI in retail market is divided into computer vision, NLP, machine learning, and others (which include gesture recognition and analytics). Machine learning generated the highest revenue during the historical period (2014–2018) and is expected to dominate the market during the forecast period as well.


The global artificial intelligence (AI) in retail market attained $720.0 million in 2018 and is predicted to witness a CAGR of 35.4%

#artificialintelligence

GNW The global artificial intelligence (AI) in retail market attained $720.0 million in 2018 and is predicted to witness a CAGR of 35.4% during 2019–2024 (forecast period). The factors contributing to the growth of the market include the increasing investments in AI by retail companies and expanding e-retail industry. With AI, retailers have been able to automate their work processes, study consumer behavior, and capture relevant data through the adoption of numerous advanced technologies, such as machine learning, natural language processing (NLP), and computer vision. When technology is considered, the AI in retail market is divided into computer vision, NLP, machine learning, and others (which include gesture recognition and analytics). Machine learning generated the highest revenue during the historical period (2014–2018) and is expected to dominate the market during the forecast period as well.


Computer vision startup for retail and wind power industries Artificial Intelligence Research

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Clobotics, a leader in intelligent computer vision solutions for the wind power and retail industries, announced that it has closed an additional $11 million (USD) in funding in a continuation of its Series A round of financing. Venture capital raised in this round now totals $21 million (USD). New investors include Nantian Infotech VC and Wangsu, joining previous investments from KTB Network, GGV Capital and Capital Development Investment Fund Management Co., Ltd. With the new capital, Clobotics will continue to expand its business in North America to further penetrate the wind power and retail industries. The company will also invest in ongoing product development and continue to build its growing team of experts in computer vision, artificial intelligence (AI) and machine learning.