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Mashgin, an acronym for “mash-up of general intelligence,” builds smart kiosks that offer self-checkouts in more than 1000 locations, no barcode or scanning required. The easy-to-install countertop system, includes multiple cameras that build a three-dimensional understanding of objects, regardless of item or placement of packaging. Mashgin’s computer vision AI can identify packaged products as well as food on a plate enabling customers at retail stores, stadium concessions and cafeterias to pay-and-go up to 10 times faster than at a traditional cashier.
Retail transformation is nothing new for everyone. It is just happening much faster and in more ways. However, the retailer is still guided by one thing…the customer is always right. And today customer wants to be right, right away.
E-commerce has travelled a long way in the past decade, but there are still several trials facing businesses in the industry. One of the biggest issues facing e-commerce businesses in 2023 is the increasing competition.
With the rapid acceleration of eCommerce demand, particularly during the pandemic, consumer expectations have become increasingly challenging for retailers. Not only do online retailers have to balance frequently unpredictable shifts in demand across channels, but to capture and retain consumer loyalty, they must always support consumer expectations for premier service.