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Computer Vision and Visual Search: Transforming Retail Operations and the Shopping Experience

The retail industry has seen the rapid adoption of computer vision over the last few years. This transformative technology is enabling greater operational efficiency for retailers and is providing shoppers with new ways to explore products and interact with retailers and brands. Walmart is leading legacy retailers in the R&D of computer vision, while collaboration with emerging technology providers is a key adoption strategy for many retailers.

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How Computer Vision Can Save Retailers from Costly In-Store Execution Issues

Retailers face a complex business environment in which strong in-store execution is key to delivering a consistent, high-quality shopping experience—which requires exceptional store operations management. Poor in-store execution can easily lead to issues such as infrequent stock replenishment, misplaced SKUs and non-compliance with planograms, prices and promotions.

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Tencent’s Smart Retail Strategy

Chinese Internet giant Tencent is focusing on the business-to-business space through its “Smart Retail” concept—the company’s answer to Alibaba’s New Retail. Tencent’s Smart Retail ecosystem has a number of components that facilitate the integration of online and offline commerce, including the leveraging of WeChat mini programs, investment in JD.com and the exploitation of the company’s strength in gaming and digital entertainment.

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