Augmodo SmartBadges Track Tasks and Inventory in Real Time
Laura McQuarrie — October 3, 2024 — Tech
References: augmodo & businesswire
In 2024, retail employees are empowered by AI-enhanced apps and wearables like Augmodo SmartBadges that streamline tasks and provide real-time insights, ultimately enhancing the in-store customer experience. The wearable SmartBadges features a Spatial AI assistant for store associates capable of recommending actions and tasks to increase efficiency.
With Augmodo, the only real-time inventory and task tracker using wearable SmartBadges to create live 3D store maps, store associates may get recommendations for restocking shelves, placing orders and measures to take to boost compliance.
Although retailers lose an estimated $1.75 trillion in revenue worldwide due to out-of-stock products, preventable returns and overstocks, Augmodo’s innovations are poised to reduce 11.7% of lost revenue. “Artificial Intelligence is already changing retail, and new advances in AR and spatial computing are about to completely transform the physical world of shopping as we know it,” says Ross Finman, founder and CEO at Augmodo.
With Augmodo, the only real-time inventory and task tracker using wearable SmartBadges to create live 3D store maps, store associates may get recommendations for restocking shelves, placing orders and measures to take to boost compliance.
Although retailers lose an estimated $1.75 trillion in revenue worldwide due to out-of-stock products, preventable returns and overstocks, Augmodo’s innovations are poised to reduce 11.7% of lost revenue. “Artificial Intelligence is already changing retail, and new advances in AR and spatial computing are about to completely transform the physical world of shopping as we know it,” says Ross Finman, founder and CEO at Augmodo.
Trend Themes
1. AI-enhanced Task Management - AI-driven wearable devices streamline in-store operations by providing real-time insights and recommendations, drastically optimizing employee productivity.
2. Real-time Inventory Tracking - Wearables equipped with Spatial AI enable live 3D mapping and dynamic inventory management, significantly reducing lost revenue from out-of-stock and overstock situations.
3. Spatial Computing in Retail - Advancements in Spatial AI and augmented reality are set to revolutionize physical retail spaces, offering immersive and efficient shopping experiences.
Industry Implications
1. Retail Technology - The integration of AI and wearable tech in retail presents significant opportunities to enhance store operations and customer experience.
2. Wearable Technology - Innovative wearables like SmartBadges are disrupting traditional inventory management and task optimization processes in the retail sector.
3. Artificial Intelligence - AI applications in retail, particularly through wearable devices, are driving significant advancements in operational efficiency and real-time decision-making.
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