27.10.2021
$200000
Recoshelf
1074
An empty store shelf does not sell. The queue is annoying. Recoshelf prevents such situations by using IoT cameras and sensors with artificial intelligence data processing. We help to earn 5-7% more.
Project summary
Recoshelf works in the field of process automation in the retail hall. Our technologies - computer vision on neural networks, means of shooting - IoT cameras and sensors. The world market is about $ 35 billion, its AI component is growing by 40% per year. Retail is undergoing the biggest changes in 50 years and top management is actively implementing automation in the trading floor. Empty shelves are a significant problem of retail, and this is unearned 5-6% of revenue. Globally, this is about $ 500 billion annually. In Ukraine - about $ 50 million. An empty shelf also has a negative effect on customer loyalty: 30% of all buyers will go to buy another retailer.
Our customers are retailers, manufacturers, delivery services and marketing companies.
The former expect increased availability of goods on the shelf, reduced staff costs, better service and optimal price. Manufacturers are interested in compliance with the rules of placement of goods and pricing policy, online delivery services and buyers - in the maps of placement of goods, marketers - analysis of customer behavior.
We have a commercial contract and several pilot projects in the works.