IOTech Systems Limited
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Powering Smart Retail Solutions with Open IoT Edge Computing
The Internet of Things (IoT) is already having a significant impact on the retail industry and is providing tangible benefits for both consumers and retailers. Customers are receiving better in-store shopping experiences while retailers can differentiate with increased efficiencies that directly impact the bottom line.
The IoT allows retailers to instantly gather useful information during the customer purchasing period
and unlock the power of insights within their businesses to scale better and address market
challenges.
The more recent introduction of edge computing – that is the concept of performing data processing
and analytics as close to the physical edge devices as possible is enabling even more innovative
smart retail solutions.
When applied to the retail sector, edge computing ensures that information processing, content collection, and data delivery are placed as near to customers and store operations as possible. Smart Retail use cases can benefit from:
Customer Quote...
“Intel works with the retail ecosystem to deliver integrated, AI-powered solutions that solve real problems”
Intel
“Intel works with the retail ecosystem to deliver integrated, AI-powered solutions that solve real problems”
Our edge platform provides the following key functions:
Challenge: How to reduce stock loss and fraud at self-checkout facilities across stores by collecting and analysing data from multiple technologies.
Solution: Edge Xpert platform is a key enabler for smart retail, providing an open framework that enables interoperability between multiple retail devices at a self-checkout including scanners, scales, and security cameras. Edge Xpert provides a future-proof and vendor-neutral open platform that
helps prevent lock-in to specific technology choices, significantly reducing integration costs and time to market for new IoT-enabled retail solutions.
Benefits:
Increased revenues through lower fraudulent stock loss and better ROI of existing technology investments.
Industries
Smart Buildings
Renewable Energy
Manufacturing/Industry 4.0
Smart Cities/Venues
Transportation/Maritime
Smart Retail
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Edge services, edge system onboarding service, edge system product roadmap acceleration, edge product design, edge product configuration service, edge system product integration service, edge computing software, IIoT, Industrial IoT