Amazon on Monday announced it will now offer its cashierless store technology, called "Just Walk Out," to other retailers. The technology uses a combination of cameras, sensors, computer vision techniques and deep learning to allow customers to shop, then leave the store without waiting in line to pay. This is the same technology that today powers the Amazon Go cashierless convenience stores and Amazon's newly launched Amazon Go Grocery store in Seattle. Reuters first reported the news just ahead of Amazon's official announcement, adding also that Amazon says it has signed "several" deals with initial customers interested in using Just Walk Out in their own stores. Amazon did not say who those customers are, however.
This is a Guest Post and does not necessarily reflect the thoughts and opinions of Techzim. We have a strong filtering process of what makes it to our blog and are confident that you'll enjoy the article below. With the advancement of scientific technologies, we have come across a various scientific contribution in recent times. This scientific approach has surely influenced human nature and with recent studies show that the decisions we make are influenced by the technology around us. A strong example of this is the retail industry and the latest integration of Artificial Intelligence.
Quite unlike what you may be inclined to believe, artificial intelligence has been around for quite a while. It's just that it is only over the past few years that the world has found d increasingly mainstream applications for it. Its adoption has multiplied in the recent past that you'd be hard-pressed to think of things where either artificial intelligence is not already being used or where its integration isn't being considered or worked upon. Think about it -- what do you think drives virtual assistants like Alexa, Google Now, Siri, and more? The point is that it isn't surprising to see that artificial intelligence also makes its way into e-commerce, which has firmly established itself as a leading way to shop today.
If you haven't wasted the last few years searching for evidence on extraterritorial life in the distant corners of the world you'd have surely heard about Artificial Intelligence or AI! Together with Big Data, this is transforming the world. In a world where access to data has become easier, computing power is at historical lows on the cost side and algorithms have been programmed to think and react like a human mind, the power of AI is truly being unleashed. The impact of AI is being majorly felt in the retail industry where it is creating a store like an experience on online platforms and at the same time arming brick and mortar stores with technology that narrows the game between them and online retailers. AI in shopping was first tried in the world of e-commerce and this wasn't surprising as online retailers had been at the forefront of adopting new technology. But the brick and mortar stores have been slowly catching up.
Note: This post has been guest authored by Atman Rathod, who is the Co-founder at CMARIX TechnoLabs. It is a leading web and mobile app development company with 13 years of experience. He loves to write about technology, startups, entrepreneurship, and business. His creative abilities, academic track record and leadership skills made him one of the key industry influencers as well. As businesses irrespective of size and niche are increasingly depending on digital transactions, eCommerce and mobile commerce websites and apps are slowly becoming the principal avenue for driving sales and business conversion for many brands.