Image Recognition
In the last three years alone, there have been over 133,000 patents filed and granted in the retail industry, according to GlobalData’s report on Artificial Intelligence: In-store product recognition. Innovation S-curve for artificial intelligence in the retail industryIn-store product recognition is a key innovation area in artificial intelligenceThe demand for technologies that automate supply chain processes and improve customers’ shopping experiences is increasing. Leading players in the AI-based in-store product recognition space in terms of patents filed are SoftBank Group, Strong Force Lot Portfolio, Nant Holdings Ip, Walmart, and Toshiba. To further understand the key themes and technologies disrupting the retail industry, access GlobalData’s latest thematic research report on Artificial Intelligence in Retail. GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.