Drones are an important part of the contemporary industrial landscape. From large UAVs, to microdrones, they are simplifying the tasks of aerial inspection and object detection. Drones are a great asset when it comes to inspect tall structures, vast areas or other places which are hazardous...
Entrepreneurship and export development agency “Enterprise Lithuania” indicates that due to COVID-19 pandemic Lithuanian exports of services could shrink by 10 to 25 percent. Technology and communications sector is listed among the most affected. However, leading Lithuanian technology companies are displaying crisis immunity – retaining...
Understanding on shelf availability On shelf availability (OSA) estimates the time and percentage a product is available for sale to customers on a store shelf. It is one of the key performance indicators for fast moving consumer goods analytics. The metric has direct correlation with out...
Nobody likes waiting in lines. According to research, people spend from 3 to 5 days per year queuing up. That might add up to 6 months of waiting for things during a person’s lifetime! Long queues at the supermarket cause shopper fatigue, decrease customer experience and...
In my 20+ years in retail I learned one thing: retail loves precision! Retail managers are obsessed with key metrics: sales per square foot, average transaction value, year on year sales and many more to evaluate your store performance. However, there is a key problem...
The age of perfect customer experience is upon us. Although many shoppers turned online, physical stores are still the best way to convey the brand's message and present your products. Top level brands invest a lot into carefully crafted ‘retail experiences’. So why does shopping...
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...
Computer vision is changing the way businesses operate. From retail to warehousing, from manufacturing to urban planning, the technology allows to measure and analyze real life objects and create a quantifiable data level on top of them. Computer vision utilizes video or image data to ‘count...
Technology is at the heart of today’s health and safety management systems. Advent of new technologies help to make construction worksites safer. ‘Always on’, they aim to eliminate human factors in day-to-day operations and reduce risks for worker injury. PPE monitoring is one of the areas...
Technology company AGMIS launched a Computer vision solution to improve worker safety in high-risk working conditions. The companies currently testing the solution note that it has a lot of real life potential. The solution monitors security camera footage and identifies hardhats, high visibility vests, work goggles,...