SATO Global Solutions (SGS) has collaborated with Intel to develop a data-driven, end-to-end Internet of Things (IoT) platform that enables retailers to accelerate the commercial benefit of data and IoT with a new level of actionable insight.
The solution allows retailers to realise near 100% inventory accuracy while boosting workforce efficiency. Additionally, it enables digital engagement applications to bring cutting edge and innovative retail experiences to consumers.
"Integrating near-real-time inventory data and customer data opens up new possibilities—allowing retailers to provide highly personalised and effective services to customers. This may include everything from offering extra discounts to loyal customers on overstocked items to using digital signage to push sales based on trending data from social media," said Michael Beedles, president of SATO Global Solutions, "We are excited to pioneer new products and services with Intel. As an 'Innovation Integrator,' SGS develops future-proof expandable platforms to leverage optimal technologies to address clients' needs."
"By using the new Intel Retail Sensor Platform, SATO Global Solutions can help deliver simple, affordable, effective inventory tracking and insight for retailers to improve consumer experiences and reduce operating costs solutions," said Joe Jensen, VP, Intel Internet of Things Group General Manger, Retail Solutions Division.
The platform seamlessly integrates a range of retail technologies including RFID readers that track individual items in the store, the ability to leverage additional sensors with the Intel Retail Sensor Platform, a store-based gateway that gathers and filters data, a robust cloud platform and big data analytics. The SGS IoT platform integrates these components into a comprehensive retail solution that standardises the collection, storage, and analytics for store-based events involving inventory and customer interactions.
Designed to be future-proof and expandable, the solution leverages Intel's industry-standard, open-software platform. It will allow retailers to host a full-suite of retail applications by integrating other sensor technologies as well as third party data or applications to meet their unique demands.
IoT innovations in store layout, automated checkouts, and inventory management are expected to have up to a $1.2 trillion impact for retailers worldwide by 2025*. This new SGS and Intel solution delivers higher ROI for retailers by tackling fundamental issues in inventory management to improve productivity, decrease running costs and increase sales.
"SATO and Intel are connecting the dots to make big data analytics a reality for retailers," explained Kaz Matsuyama, president and CEO of SATO Holdings Corporation. "With our software and systems integration expertise, we fill in that essential 'last inch' for customers in the retail space linking IoT technologies and data analytics to provide actionable insights to improve productivity, cut costs and drive sales."
A sample application will be presented at the Intel booth during the National Federation of Retailers' Big Show in NYC January 17-19, 2016. The solutions will be commercially available during the second quarter of 2016.
To further enhance the value for customers, SGS and Intel are part of the Acuitas Digital Alliance comprised of British Telecom, Nexgen and RetailNext that jointly aims to create a future-proof solution for the digital business era with additional capacities. Another application of SGS and the Intel solution will be presented at the British Telecom booth at NRF.
*Source: McKinsey & Company, "The Internet of Things: Mapping the Value Beyond the Hype"