Funnily enough MAFS was the inspiration for the example/concept I posited.Oh no Hopalong, if the ultimate match-making love meter is created using Akida, then there would be no need for shows like MAFS. We need the drama from these shows in our lives, haha.
Rob Telson spoke about this market and basically said that the issue for Brainchip was that power is not an issue yet to retailers. They are all connected to the grid and at this point despite some claiming green credentials are not chasing ways to reduce electricity consumption particularly not in relation to computers so adoption of AKIDA technology is some way off.Wouldn't mind Akida being deployed into this market
How Retailers Can Use AI to Increase Sales
Tech can measure customer attentionprogressivegrocer.com
03/14/2023
How Retailers Can Use AI to Increase Sales
Tech can measure customer attention
By Scott Schlesinger and Scott Siegel
By analyzing customer attention patterns in real time, retailers can quickly adjust their strategies and tactics to better meet customer needs and expectations.
Today’s retail shopping experience has differed drastically in recent years. In addition to visual clutter from store displays, excessive signage, crowded product shelves, loud music, bright lights and competing smells can be a distraction for many consumers. Further, smartphones enabling consumers to check their emails, browse social media or text while shopping vie for shoppers’ limited attention. All of these distractions and more lead to a decrease in customer encounters with products, which can negatively affect a retailer’s bottom line.
Using AI to Capture Customer Attention
How can today’s retailers mitigate these challenges? Most people are now familiar with artificial intelligence (AI), which promises to solve any problem, but which AI can help increase sales? There are two main types of AI individuals may be familiar with for measuring attention: Eye-tracking AI and biologically inspired AI are both types of artificial intelligence, but they differ in their approach to measuring and interpreting data.
[Read more: "Google Uses AI to Tackle Grocers' Top Concerns"]
Eye-tracking AI involves using computer vision and machine-learning algorithms to track the movements of a person’s eyes as they look at different objects or areas of a screen or environment. In contrast, biologically inspired AI, also known as neuromorphic computing, is a type of artificial intelligence modeled after the structure and function of the human brain. Attention-measuring biologically inspired AI provides retailers with a powerful and superior tool to better understand and engage with their customers.
By analyzing consumer attention patterns, retailers, both online and in brick-and-mortar stores, can identify which products and services are most popular, which marketing campaigns are most effective, and which areas of their stores are getting the most foot traffic. This information, in conjunction with a full analytics platform, can be used to optimize store layouts, product placement, supply chains and marketing campaigns to better connect with customers and increase sales and revenue.
Uses of Attention-Measuring AI
Many global companies are using both “traditional AI” and biologically inspired AI to maximize insights into consumer behavior optimizing product placement, supply chain efficiency, marketing and new product development. CPG companies PepsiCo, Unilever, Nestle, GSK, and Johnson & Johnson, as well as fashion retailers Nordstrom, H&M and Zara, are among those that recognize the importance of AI to maintain a competitive edge.
Attention-measuring AI can also be used to improve the efficiency and accuracy of inventory management. By analyzing customer attention and product engagement patterns, retailers can identify which products are selling quickly and which aren’t, and adjust their inventory accordingly. This can help retailers avoid overstocking slow-moving products or understocking popular products, leading to improved profitability and customer satisfaction.
Attention-measuring AI can help retailers to optimize their websites to enhance the online shopping experience. Retailers can identify which products are most popular and tailor website content to maximize the likelihood of consumers seeing those products. This can lead to increased website traffic, improved engagement and increased sales. Additionally, the technology can help retailers identify and correct any user experience issues that may be causing customer frustration or online shopping cart abandonment, resulting in a smoother, more productive online shopping experience.
Finally, attention-measuring AI can be used to provide real-time insights and feedback to retailers. By analyzing customer attention patterns in real time, retailers can quickly adjust their strategies and tactics to better meet customer needs and expectations. By leveraging the power of attention-measuring AI, retailers can gain a competitive edge and stay ahead of the curve in an increasingly data-driven marketplace.
Thanks.Rob Telson spoke about this market and basically said that the issue for Brainchip was that power is not an issue yet to retailers. They are all connected to the grid and at this point despite some claiming green credentials are not chasing ways to reduce electricity consumption particularly not in relation to computers so adoption of AKIDA technology is some way off.
Incumbency is going to be an issue where the big players like Woolworths and Coles are concerned and I suspect it will require legislation requiring all to make energy savings that will open these currently locked doors.
As for watching what grabs the attention of male shoppers and tailoring there product offerings towards this could easily lead to some unexpected outcomes.
That aside handheld security devices that can detect stolen product under a customers jacket would be a market that a company like Lassen Peak powered by AKIDA might open up in the retail industry. Even a handheld product that a shelf stacker could carry up and down isles that detects wrongly located items moved from their correct position by customers would also possibly be a potential market.
My opinion only DYOR
FF
AKIDA BALLISTA
The word "selected" really does it for me here - sounds very exclusive doesn't it?!And they mentioned for “commercial and government markets”
That doesn’t sound like just for NASA
“Intellisense Systems Inc. has selected its neuromorphic technology to improve the cognitive communication capabilities on size, weight and power (SWaP) constrained platforms (such as spacecraft and robotics) for commercial and government markets.”
I'm running a business in this exact space, and I can tell you, there are a lot more use-cases that can be performed in these stores to create value than being discussed in this forum (like brainchip, I can't talk about the details but I can say at this stage we are not working with brainchip).Rob Telson spoke about this market and basically said that the issue for Brainchip was that power is not an issue yet to retailers. They are all connected to the grid and at this point despite some claiming green credentials are not chasing ways to reduce electricity consumption particularly not in relation to computers so adoption of AKIDA technology is some way off.
Incumbency is going to be an issue where the big players like Woolworths and Coles are concerned and I suspect it will require legislation requiring all to make energy savings that will open these currently locked doors.
As for watching what grabs the attention of male shoppers and tailoring there product offerings towards this could easily lead to some unexpected outcomes.
That aside handheld security devices that can detect stolen product under a customers jacket would be a market that a company like Lassen Peak powered by AKIDA might open up in the retail industry. Even a handheld product that a shelf stacker could carry up and down isles that detects wrongly located items moved from their correct position by customers would also possibly be a potential market.
My opinion only DYOR
FF
AKIDA BALLISTA
They officially joined the ASX300 on Monday. WelcomeFor all the WBT holders, ......................... we"re feelin your pain atm,
Someone said recently the "short interest" has grown recently, ................. seems that way.
Sorry for the off topic post @dredbot, ............... but i know there is quite a few holders here at BRN
AKIDA BALLISTA
Yes, otherwise BRN would not have announced anything about M85 integration. Renesas looked wrapped with the end product. Looks like big party for the launch in June. Will be great if they have customers with products at the launch. Maybe Toshiba AI AC systems or LG AI washers?Hi Steve, are you thinking that we are in the M85 already? Be great if we are, and it was a bit of a coincidence that Brainchip and Renesas announced the M85 at a similar time?
Yes but still a while until the quarterly is released.We only have 7 trading days to go to the end of this quarterly reporting period.
I’d say poor bastards but, you know.For all the WBT holders, ......................... we"re feelin your pain atm,
Someone said recently the "short interest" has grown recently, ................. seems that way.
Sorry for the off topic post @dredbot, ............... but i know there is quite a few holders here at BRN
AKIDA BALLISTA
lol nah i scaped my pennies up caused the coin box cause i bought 2k more of brnWhat?
You pinched it?