Convenience Store Decisions
Erin Del Conte
“The fourth industrial revolution is alive and well in retail,” Paul Martin, head of retail, UK KPMG, said recently during a session on robotics at the National Advisory Group (NAG) Conference held recently in Jacksonville, Fla. The fourth industrial resolution, he said, is all about AI.
Robotics are set to revolutionize retail, and not in some distant future scenario, but within the next 10 years. Not only will robots begin to handle more physical tasks, but they’ll also begin to manage more cognitive tasks by learning algorithms that allow them to make decisions on our behalf.
Martin pointed to a San Francisco-based pilot by Target that used an inventory-control robot called Tally, built by Simbe Robotics, to browse aisles and scan 20,000 to 30,000 SKUs per hour, focused on taking inventory. Tally did in one hour what humans could do in four.
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