Advanced computer vision technology steps up retail sales | Central regions, Retail, FMCG MarchmontNews.com

Central regions | Retail, FMCG | Finance, business

Advanced computer vision technology steps up retail sales

30 Jun '22
A Russian start-up called Intelligence Retail employs computer vision in merchandising.

Intelligence Retail uses computer vision to help companies step up the efficiency of shelf utilization in stores. Its software scans assortments, prices and other relevant information in real time. It reportedly takes the service 10 seconds to generate an e-report on one retail section audit with an image recognition accuracy of as high as 99%.

The software recognizes more than 2.5 million photos a month; its image library contains a few hundred thousand items of various FMCG assortments. The technology is said to save 80% of staff’s physical labor in a store section. Intelligence Retail claims its solution helps boost sales by 2-5%.

The service has been designed to assist retail and FMCG outlets.