Intel’s $100 Million Plan for ‘Responsive Retail’

Intel believes that transforming the retail industry lies in data and and connected solutions.

At NRF Retail’s BIG Show 2017, Intel CEO Brian Krzanich in a keynote addressed the continuation of the company’s commitment to expanding the boundaries of technology, specifically in the realm of retail.

For example, Krzanich demonstrated Simbe Robotics’ Tally, the world’s first robotic autonomous shelf auditing and analytics solution for retail, which works in concert with retail associates by arming them with information to ensure the store’s products are always stocked, in the right place and displaying the correct price tag.

On stage, Krzanich unveiled the Intel Responsive Retail Platform, a new horizontal platform that fosters the creation of flexible, scalable solutions by bringing together retail hardware, software, APIs and sensors in a standardized way. The platform will take retail to the next era of highly efficient and personalized shopping, and intelligently lead businesses into the future, according to Intel.

Intel says it plans to invest more than $100 million over the next five years in the retail industry. The investment will go toward enabling retailers to unify every part of the retail operation, according to Krzanich.

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