“The insurance, transportation, and retail industries will either not exist in 20 years or will have changed completely due to artificial intelligence (AI), innovation, and other factors, according to Dave Jordan, global head, consulting and services integration at Tata Consultancy Services (TCS).”
“Walmart is building its robot army as well, and according to this ABI Research release, the company deployed 350 systems for inventory management across its stores in 2019 alone. That’s an average of roughly one robot for each store.
By 2025, more than 150,000 mobile robots will be deployed in brick-and-mortar retail establishments, according to an estimation by ABI Research.
If installed in all of Amazon’s 55 US fulfillment centers, they could replace more than 1,300 employees
And the study found that 64 percent of employees surveyed said they trust a robot more than their manager, with half turning to a robot instead of a supervisor for advice”
“One of the application examples provided by NVIDIA at the Mobile World Congress was Smart Retail (Figure 1). In this example, a network of cameras is used to keep track in real-time of which items a customer picks to buy while shopping, consistently speeding up customer retail experience.”
“But the team at Mystore-E believes they can solve that problem, with an AI tool called Tore-E that is specifically designed for retail environments. ‘Mystore-E cares deeply about the future of … shopping,’ said CEO Asaf Shapira. “Our goal is to create a personalized shopping experience that benefits retail stores, while also catering to customers’ wants, needs and style preferences.'”