“Celect was founded by Massachusetts Institute of Technology (MIT) professors Devavrat Shah and Vivek Farias in 2013, and has helped many retailers “optimize inventory” through data collection and machine learning. According to its website, past clients include Urban Outfitters, Lucky Brand and Aldo, among other major retail brands.” https://www.google.com/amp/s/observer.com/2019/08/nike-buys-ai-startup-celect-learn-customer-preference/amp/ Devavrat Shah http://linkedin.com/in/devavrat-shah-63b59a2
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8 cool technologies that are revolutionizing retail
Juniper Research predicts retailers will spend $7.3 billion on AI by 2022, compared with the approximately $2 billion spent in 2018. Caper Introduces Smart Shopping Cart Brooklyn, New York-based retail technology vendor Caper has developed a smart, self-checkout shopping cart that uses computer vision, sensor fusion, and three cameras to automatically ring up items placed…