Currently, the grab-and-go segment is 5% of the self-checkout market but is expected to grow at a staggering 37%, according to industry reports. Similarly, data annotation is expected to grow 27% to become a $7 billion market by 2028.
“We are relentlessly developing products to empower our customers with digital. We have entered the smart retail market space with our new offerings at the right time. While the technology is still nascent, it is certainly poised to disrupt the retail industry. Entering the market at this opportune time will give us a good head start to create a positive impact. I’m therefore excited to present our new suite of products,” said Mr. Mani.
- D-Grab: D-Grab is an AI/ML-powered cashier-less smart store for a simplified shopping experience. It uses a combination of sensors and cameras on its IoT edge to track the customer and the products they pick up.
- TagSquare: AI-powered TagSquare is used for object recognition, behavior analysis, and facial recognition. The product enables easy and efficient data labelling.
- GlideRobo: Smart drones, primarily based on LiDAR technology are designed for surveillance, deployment and delivering actionable insights. The drones are programmed to fly without GPS and improve inventory data quality, enhance traceability operations, and save time.
“We envisage the future of retail through our products by helping our retail customers optimize operations and enhance customer experience. As the industry is set to witness rising demand for cashier-less stores and data annotations, retailers are looking to partner with the right technology vendors. With this launch, we not only expect to deliver targeted outcomes but also set,” said Sean Yalamanchi, Co-Founder of Digit7.