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The restaurant tech landscape is undergoing a shift. ConverseNow, a leader in AI phone ordering and drive-thru solutions, has acquired Valyant AI, a competitor specializing in similar technologies. This move strengthens ConverseNow's position in the QSR space, combining resources and expertise to offer a wider range of solutions for restaurants. This acquisition reflects a trend of consolidation in restaurant tech. While competition remains, it appears the remaining players are emerging stronger. #RestaurantTrends #AI #Innovation

The hospitality industry is evolving at lightning speed 🚀 & tech is the force making it happen. 🚀 With the help of Tech On Toast & tech partners we've taken a dive into the Top 3️⃣ Tech Trends reshaping our world & the amazing brands making it happen. First up! 🤖 AI & Automation: Revolutionising guest experiences with chatbots, virtual assistants, & service robots 🤖 GuestChat: Elevating interactions with intuitive chatbots. Paytronix: Mastering personalised AI messaging. Tenzo - Restaurant PerformanceOps: Simplifying operations with automated reporting. Nory: Transforming efficiency with cutting-edge AI solutions. Peckish: Streamlining service through automation. Stampede: Boosting marketing with AI automation. BOSS IT: Integrating AI with seamless contactless tech. Innovative, adaptable, customer-focused & passionate people make this tech a reality - playing a crucial role in transforming guest experiences & operational efficiencies. We're in awe with how they keep up! But thank goodness that they do! 💥

#AI can also be used in #departmentstore! Recently, OasisTime, a #micromarket operator in Japan, upgraded its #selfcheckout system by integrating our AI image recognition technology. This enhancement was deployed in the break area of a renowned department store in Sendai, improving the experience for store employees. With #deeplearning and #computervision, AI can now identify empty beverage paper cups and enables the selling of individual barcode-less items typically bought in bulk, saving users the trouble of searching through an order menu. The AI’s recognition capability applies to all product items, enhancing the flexibility and variety of items sold in a micromarket. AI not only helps to identify checkout items but also records the result of each transaction in an image, thereby assisting OasisTime in reducing shrinkage and losses. Coupled with OasisTime’s on-premises security cameras, the AI recognition records can further help OasisTime analyze customer behavior to understand whether mis-scanned items or lack of scanning were inadvertent or deliberate. This has not been easy to determine in the past with a barcode scanning self-checkout system. With AI recognition, it can now be clearly determined whether a customer intends to pay for all items, as all items need to be first placed down in the checkout area. The key advantage of our AI image recognition system is its remarkably low capital expenditures. The #setup requires only a #camera and application #software. There is no need to invest in and maintain complex machines. As the solution is #cloudbased, rolling out to new locations is quick and simple. 💡 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐦𝐨𝐫𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐯𝐢𝐝𝐞𝐨 💡 #conveniencestore #retail #retailAI #selfservice #rollout #artificialintelligence #deeplearning #computervision #cloudsolution #AIsolution #AIsoftware #softwarerollout

💡GenAI is revolutionizing the retail industry by unleashing new potentials.💡 With the rapid growth and fierce competition in the Southeast Asian market, retailers have implemented #AI technology into their operations, revolutionizing retail experiences to become more efficient, personalized, and innovative. The integration of #GenAI into the operations of the fast-food chain Wendy's has been seamless. It has resulted in higher order accuracy, enhanced customer experiences, and a significant reduction in staff burdens. This remarkable success clearly showcases the crucial role that AI plays in the retail and food industries. GenAI is not only a technological tool but a strategic ally for all retailers. It is clear that the combination of retail and GenAI will create a more vibrant and customer-centric world. Discover More >>>https://lnkd.in/g9fQE8_f #CloudMile #CloudMileInsights #RetailIndustry #Retail

🚀💡 Introducing Innovative Real-world Applications of Artificial Intelligence at Sam's Club! 🛒🤖 We're thrilled to shine a spotlight on the incredible strides made in enhancing customer experience with AI technology at over 120 Sam's Club locations! The recent rollout of AI exit technology empowers a faster checkout process and exemplifies how AI can streamline operations in the retail industry. By integrating advanced AI with cameras that can efficiently scan receipts, customers can now enjoy a 23% reduction in check-out time, making shopping experiences quicker and more satisfying. 🕒✅ Chief Product Officer, Todd Garner, highlights that this transformative technology is designed to prioritize consumer convenience and efficiency. The goal? To enable you to spend less time at the checkout and more time doing what you love. 🌟🛍️ Sam’s Club plans to implement this innovative system across all its stores by the end of 2024, promising a future where technology and convenience go hand-in-hand. This breakthrough demonstrates the potential of AI to revolutionize daily operations and enhance user interactions. It's not just about technology; it's about creating smarter environments that respond to our needs. 🌍🔍 #ArtificialIntelligence #RetailInnovation #CustomerExperience #Sam'sClub #TechnologyInRetail #DigitalTransformation #AI 🔗 Dive deeper into how these advancements are set to change the shopping landscape [Link to full coverage]

AI is revolutionizing fast-food drive-thrus! Taco Bell is rolling out AI technology to streamline order processes, promising faster and more accurate service. This move, backed by Yum Brands and Presto Automation Inc., is set to reduce wait times and enhance customer satisfaction. But is this the future we want? As Taco Bell leads this shift towards automation, we're faced with an important question: Can the benefits of AI-driven efficiency outweigh the socio-economic impact on jobs? The fast-food industry is rapidly embracing automation to tackle labor shortages and boost profits, but at what cost? The promise of faster service and order accuracy is tantalizing, yet the potential job displacement cannot be ignored. How do you feel about having your drive-thru experience managed by AI? What should businesses prioritize: operational efficiency or job preservation? Join the conversation and explore the implications of this technological leap. Read the full article here: https://bit.ly/3YDN0Fh #AI #Automation #FastFood #Technology #CustomerExperience #FutureOfWork #Innovation #TacoBell #BusinessStrategy

BenQ India has centered its theme around “Smart+ AI Now” at the 2024 Computex. This strategic focus aims to #empower various #industries through #AItechnology, accelerating the integration and innovation of field #application systems. #electronicsnews #electronicsnews

TalkSmart AI technologies 📲 Where AI pilots your messages, DMs, and calls. The future of customer service and sales is here with the advent of specialized AI Agents. These innovative solutions are tailored for dynamic industries such as real estate, hospitality, and e-commerce, enhancing the quality and efficiency of customer interactions. AI Agents empower real estate professionals to focus more on closing deals, allow restaurant hostesses to elevate guest experiences, and enable e-commerce platforms to provide 24/7 personalized shopping assistance. The key is not to replace, but to amplify human capabilities. For businesses looking to adopt this technology, finding the right partner to integrate AI into their operations is crucial. That's where expert agencies come in, offering customized AI solutions that cater to specific business needs. #AI #CustomerSupport #SalesAutomation #Innovation #RealEstate #Ecommerce #Hospitality #TechTrends

#Genai is a productivity booster, streamlining operations and putting the focus back on growing the business. From automated product content creation to a game-changing shift in AI marketing, companies diving into GenAI are setting themselves up for unparalleled success.   Catch our CEO, Lori Schafer's perspective in the Retail Today Q4 Executive Roundtable, "Redefining Retail: A Year of Transformation, Agility, and AI Ascent."   Lori is featured on page 9, https://lnkd.in/etrveYbG