Vispera provides image recognition and visual analytics services to help retailers and suppliers. It uses computer vision to assess whether products are properly displayed on store shelves as planned. This helps reduce stock-outs and increase sales by improving share-of-shelf, speed-to-shelf, and shelf-availability metrics. The technology can also enable out-of-stock prediction, dynamic pricing, and industry trend analysis. Vispera aims to improve the alignment between brands and retailers to get products into shoppers' hands more effectively.
Vispera provides image recognition and visual analytics services to help retailers and suppliers. It uses computer vision to assess whether products are properly displayed on store shelves as planned. This helps reduce stock-outs and increase sales by improving share-of-shelf, speed-to-shelf, and shelf-availability metrics. The technology can also enable out-of-stock prediction, dynamic pricing, and industry trend analysis. Vispera aims to improve the alignment between brands and retailers to get products into shoppers' hands more effectively.
Vispera provides image recognition and visual analytics services to help retailers and suppliers. It uses computer vision to assess whether products are properly displayed on store shelves as planned. This helps reduce stock-outs and increase sales by improving share-of-shelf, speed-to-shelf, and shelf-availability metrics. The technology can also enable out-of-stock prediction, dynamic pricing, and industry trend analysis. Vispera aims to improve the alignment between brands and retailers to get products into shoppers' hands more effectively.
Vispera provides image recognition and visual analytics services to help retailers and suppliers. It uses computer vision to assess whether products are properly displayed on store shelves as planned. This helps reduce stock-outs and increase sales by improving share-of-shelf, speed-to-shelf, and shelf-availability metrics. The technology can also enable out-of-stock prediction, dynamic pricing, and industry trend analysis. Vispera aims to improve the alignment between brands and retailers to get products into shoppers' hands more effectively.
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VISPERA : Visual Intelligence for Retail
HBR Case 1 Discussion
Learning Objectives Key concepts (1) • Image Recognition Technology • Automated Visual Analytics • Assess whether products are on retail store shelves as planned • Share-of-Shelf, Speed-to-Shelf and Shelf-availability • reduce stock-outs, increase sales, reduce personnel costs, and improve operational efficiency • Amazon Go • Out-of-Stock prediction capabilities • Dynamic pricing and predicting industry trends Key concepts (2) • The alignment between brand suppliers and retailers to ensure products get into shopper’s hands. • How channel partners create value and how channel partners might help consumers during the purchasing and generating customer traffic. Key Questions (1) • How ML can improve Brick-and-Mortar retail execution: Image recognition technology and Automated visual analytics? • Shoppers have high expectations from stores • Online alternatives • OOS – Out-Of-Stock • lead to lost sales, shoppers substitute of other products, delay of purchase, leave the store • OSA – On the – Shelf – Availability • low product availability can have a long lasting negative effect on customer loyalty Key Questions (2) • Shelf availability can only be crudely estimated • Phantom products - in the store but still in the backroom, misplace on the shelves, or not properly presented to the shoppers Key Questions (3) • Mobeye - combines crowdsourcing services with image recognition to offer services to retainers and brands • Navii - a robot that collects photos and runs deep learning algorithms to deliver automated planogram complaince • ROCKy – robotic retail surveying tool Key Questions (4) • If you are a brick-and-mortar retailer, what's important to you ? How about if I am like Unilever or Coca-Cola? • Why is retail execution challenging ? • Why were the auditors hired by the supplier? • What is the problem they are trying to solve and why is it hard to solve? • What is happening at the store level? • What is an auditor looking out for? • What do they do when they walk into a store? • Vispera Image Recognition Services for Retail - YouTube