Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Kiwi Tech Trailblazer Opens World’s Largest AI Checkout Of Its Kind

Imagr goes live in Japan and announces new Halo hardware

After announcing its first international partnership deal with H2O Retailing Corporation in Japan in 2019, local tech company Imagr has gone live with its end-to-end autonomous checkout system in Osaka.

From today shoppers can pair their phone with a shopping cart, do their shopping and leave without scanning any barcodes. Imagr’s advanced image recognition knows every single item in the store and recognises when it’s put in the cart. Customers can track their items as they go via the Imagr app and skip the checkout queue.

The Oasis store in Nakanoshima, Osaka, is 9,000 square feet with the Imagr system ready to recognise more than 8,000 SKUs. The system saves two minutes per checkout per customer, uses only 400KB of data per product recognition and requires no store shut down time to install in-store.

Imagr founder and CEO, William Chomley, says this is the largest vision-only, autonomous checkout deployment of its kind in the world.

“We have the most advanced vision-only frictionless checkout solution available in the global retail market. A deployment of this scale of self-contained vision technology in a supermarket is a world first.

“While I didn’t know it at the time, interest in the low touch retail solution we’ve created has surged since the rise of Covid-19. In a post-pandemic world people will still look for contactless solutions.”

Imagr announces all-new ‘Halo’ hardware

The Halo houses Imagr’s proprietary computer vision, camera and lighting system which is used to recognise products without the need for barcodes.

The Halo technology is scalable so it can be set up on everything from a small basket to a large trolley. This marks an evolution to a new generation of cart possibilities, beyond Imagr’s original pull cart design.

“The Halo is unique in that the solution layers into any supermarket without a fit out or infrastructure overhaul. We have worked to create mobile software and adaptable hardware so our system can scale up or down to fit any requirement. Retailers can roll the system out without the need for Imagr to be involved.”

Covid world needs innovative tech

Demand has soared for Imagr’s autonomous checkout system in the wake of the Covid-19 pandemic, which rapidly boosted popularity for contactless experiences.

“The global grocery retail market is worth upwards of $11 trillion each year. It is growing rapidly and fiercely competitive. But as an industry it has been slow to innovate. Most retail industries are moving rapidly online, accelerated by the global pandemic, yet there is still demand for brick and mortar shopping.

“Investors are keen to back a product that helps to accelerate brick and mortar growth in a world where social distancing is becoming the norm. We’re excited for the future growth of Imagr and what’s to come.”

Reflecting on his journey so far, William is proud of what Imagr has achieved.

“Launching an autonomous checkout solution and seeing the first customer use an Imagr cart in store is a testament to the incredible team we have assembled.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>



Psychic Ventures: US Consumer Spending On Video Games Jumped By 42% In Jan 2021

On a global scale, there was a 15% increase in digital games revenue in January 2021, pushing the total to $11.6 billion.
In the US, gaming revenue rose to an impressive high during the month thanks to the new generation of consoles. ... More>>

OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>