Computer Vision in Retail: Why Brick and Mortar Retailing is Making a Comeback
With closure of several big box and department store chains, it became all too familiar to call brick and mortar retailing doomed. But despite a paradigm shift towards e-commerce, online retailing is still dwarfed by sales numbers from physical stores.
Even Amazon is experimenting with physical stores. The cashier-less automated and Computer Vision powered store is a glimpse at the future. McKinsey – a business consultancy – has also launched a retail space in US department stores, enabling clients to test new retail technologies.
It is clear that old school brick and mortar retailers have to up their game to compete. Luckily a lot of nascent technologies are enabling retailers to catch up with the digital world. With the help of computer vision and other smart solutions, brick and mortar retail is making a comeback.
Here are the top trends that make physical retailing relevant in today’s consumer landscape.
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