The AI Innovations Behind Smart Retail — New Article!

TechnoLynx Team
technolynx
Published in
1 min readMay 6, 2024

Smart retail is all about making shopping smoother and more personalised for everyone. From getting product recommendations the moment you step into a store to seamless checkouts without waiting in line, we’re entering a new age of retail that benefits both businesses and customers. We are seeing applications like on-fly billing, customised marketing emails, video analytics, and so much more.

Experts predict that this new age will increase global AI in the retail market to over $45.74 billion by 2032. One primary reason is that smart retail is not just for the big players; small and medium-sized businesses are finding innovative ways to compete in this tech-driven marketplace.

In this article, we’ll explain how different AI technologies are working together to keep shelves stocked, predict what products will be popular, and even allow you to try on clothes virtually. We’ll discuss technologies like computer vision, generative AI, GPU acceleration, and IoT edge computing. Whether you’re involved in retail, interested in the latest tech trends, or just curious about how shopping is evolving, our article offers a closer look at the future of smart retail.

Smart shelves can identify areas where products are moving faster
Smart shelves can identify areas where products are moving faster | Generated by DALL-E

Read the full article on our blog: The AI Innovations Behind Smart Retail!

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TechnoLynx Team
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