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The Future of Retail: Autonomous Checkout With Computer Vision

Posted Oct 18
# TransformX 2022
# AI in Retail & eCommerce
# Breakout Session
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SPEAKER
Jordan Fisher
Jordan Fisher
Jordan Fisher
CEO and Founder @ Standard AI

Jordan Fisher is CEO and co-founder of Standard AI, a leader in AI and computer vision bringing fully autonomous checkout to physical retail. From convenience stores like Circle K to arenas like the American Airlines Center in Dallas, retailers use the AI-powered Standard platform to quickly and efficiently transform existing retail stores into checkout-free experiences to reduce labor costs, improve the customer experience, and improve margins. Jordan has spent his career focusing on both fundamental research and product development. He has worked in computational fluid dynamics, securities regulations, video games, machine learning, and retail, and seeks out areas where innovative products can be forged by tackling difficult research initiatives.

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Jordan Fisher is CEO and co-founder of Standard AI, a leader in AI and computer vision bringing fully autonomous checkout to physical retail. From convenience stores like Circle K to arenas like the American Airlines Center in Dallas, retailers use the AI-powered Standard platform to quickly and efficiently transform existing retail stores into checkout-free experiences to reduce labor costs, improve the customer experience, and improve margins. Jordan has spent his career focusing on both fundamental research and product development. He has worked in computational fluid dynamics, securities regulations, video games, machine learning, and retail, and seeks out areas where innovative products can be forged by tackling difficult research initiatives.

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SUMMARY

Jordan Fisher, CEO of Standard AI, is passionate about changing the real-world retail experience by unlocking better shopping experiences with computer vision. Fisher discusses applying computer vision models to the physical world to create human-centric applications; augmenting retail staff with better inventory tools and store layout analytics; and creating better shopper experiences with autonomous checkout. Even given the challenges in today’s retail environment—the labor shortage, inflation, the supply chain crunch, and difficulties competing against tech giants—shoppers expect more options and a better experience. Fisher’s vision is to allow customers to come in, shop, skip the checkout line, and get a receipt within minutes after they leave. At a shop at San Jose State University, traffic increased by 20%, average total receipts increased by almost 23%, and there was a decrease in wait time by over 50%. Further, store employees get analytics about which items are out of stock or misplaced, as well as traffic patterns about individual shoppers that do not collect PII.

Fisher has spent his career focusing on both fundamental research and product development. He has worked in computational fluid dynamics, securities regulations, video games, machine learning, and retail, and seeks out areas where innovative products can be forged by tackling difficult research initiatives.

+ Read More

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