target audience: TECH BUYER Publication date: Jun 2024 - Document type: IDC PlanScape - Doc Document number: # AP51579224
IDC PlanScape: Analysis of Computer Vision Implementation in Automated and Self-Checkout Stores
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Abstract
This IDC PlanScape report highlights the transformative impact of computer vision technology on the retail sector in Asia/Pacific, particularly in enhancing automated and self-checkout stores. It underscores the technology's role in streamlining operations, reducing labor costs, and improving customer experiences by enabling accurate product recognition and monitoring customer behavior. The report also discusses the importance of adopting computer vision for retailers to stay competitive and cater to the evolving demands of tech-savvy consumers.
"Computer vision technology is transforming automated and self-checkout stores in the Asia/Pacific region, significantly boosting operational efficiency and delivering smooth shopping experiences. With its ability to accurately recognize products and monitor customer behavior, retailers can reduce costs, prevent losses, and meet the high expectations of tech-savvy consumers, positioning themselves at the forefront of retail innovation. Embracing this technology, retailers in the region are reshaping the shopping experience, making it more seamless and efficient for customers," says Vijay Sarathi Gollapalli, research manager, IDC Retail Insights