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How Implementing Connectivity & Automation through IoT Devices Improves Vending Machine Management

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How Implementing Connectivity & Automation through IoT Devices Improves Vending Machine Management

Challenges & Business Pains

Whether your machine is currently out of stock or requires maintenance, there are common challenges that ultimately hinder the process of smooth services that are expected to be provided. Such business pains can result in costing the company more time and money than ideally needed.

For example, It isn’t always clear when a vending machine is out of stock, especially when it’s of a particular item that is popular. Constant checkups require manpower, resources and more to maintain a desirable supply that can provide customers with their favorite items. Similarly, the same can be said for maintenance and repairs. Without certain systems in place, it is difficult to know the exact time machines fail or predict when maintenance is needed. Planning for maintenance can also be time and resource consuming to companies looking to optimize their supply chain in an effective manner. Even with various tools and software systems in place, without some kind of consolidated platform to interconnect everything, management in general can be scattered and difficult to execute efficiently.

These challenges prevent companies from increasing revenue and savings on expenses. Furthermore, there are countless of machines to be accounted for, and the level of effort only increases. As a result, the demand for frequent checkups increases and requires the allocation of more resources.

Connectivity & Automation: The solution to common challenges in vending machines

Many companies aim to improve overall operations and the performances of their vending machines. The question is, how? Although there are no quick fix solutions that can address inefficiencies, there are two primary factors that vending companies should consider focusing on; connectivity and automation.

Luckily, companies can leverage IoT (Internet of Things), a wireless device that uses sensors to pick up information and communicate with other devices. These devices  connect to the internet and transmit a specific set or wide range of data. By accessing the vending machine’s hardware, software, user interface, payment system, and more, data can be remotely transmitted so that companies can receive real time data on multiple components that are in direct relation to a particular machine’s operational processes. It’s important to note that IoT devices will have to be accommodated by cloud-based services to truly function as intended.

So, in what ways can IoT devices help with regards to driving efficiencies? Below, we have listed 5 ways that IoT can help alleviate the management challenges most companies face.

1. Real-time Inventory Check

With IoT devices transmitting data into a consolidated dashboard, managers can monitor inventory levels across various machines to ensure that they are well-stocked with popular products. By doing so, a central dashboard can be configured to send notifications and alerts when a particular machine (or multiple machines) is low on supply.

2. Automated Restocking Issuance

Because inventory levels can be monitored through IoT devices and transmit data to software applications, automotive features can be programmed to allow for the triggering of restocking issuance. This can enable Supply Vending Clerks to receive updates on pending inventory restocks through a mobile application with additional details on the requirements. Furthermore, APIs of your current  inventory management tool can be utilized so that resources can be allocated properly without issuing restocks of items that are currently unavailable.

3. Track temperatures & Conditions

One of the most frequently discussed topics regarding IoT use cases, is its ability to monitor environments or conditions. This can be extremely useful for vending machines that provide items at maintained temperatures, for example. Embedding an IoT device can allow companies to monitor certain conditions in real-time and receive notifications/alerts of prompt changes. The same can be applied to the mechanics of the machine itself. Failing parts can trigger notifications to alert vending companies, which would ultimately prompt a quicker response time. Data can also be collected over time for predictive analysis through AI so that technicians be alerted when maintenance is required without random check ups.

4. Gather Customer Related Data

Integrating an IoT device into payment systems can help vending machine companies to gather insights on customer-related spending habits. Companies can gain real-time consumer data on an item’s performance, test new products with instant feedback, and discover product life cycles using predictive analytics. Through this data, companies can further improve the customer’s experience by increasing response time to market demand.

Although we have only covered a few value points regarding IoT devices, there are also other technologies that can be used to increase management and productivity, such as blockchain, artificial intelligence and more. If you would like to learn more about how our end-to-end Vending Machine Management system works, feel free to read more about our solution.

If you would like to learn more about how our Vending Machine Management system can help benefit your retail business, or would simply like to understand how this solution works, feel free to visit the Vending Machine Management page or contact us to start a dialogue!

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Using AI for a smart customer service experience

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Using AI for a Smarter customer service experience

Customer Services Challenges & Business Pains

Customer service can be a crucial component to any business looking to assist customers and maintain great relations. This requires hiring personnel with great communication skills, an understanding of key information, and is efficient in problem solving. However, when taking a closer look at customer services within the retail facility space, such as malls or outlets, representatives typically provide limited information on all stores, consume resources, and are not required for the majority of the time they are present. This can become especially problematic when faced with both an increased rate of foot traffic or a lack of it.

How Artificial Intelligence can improve customer service within retail facilities

Although there are a number of solutions that use AI to aid the process of customer service, such as AI chatbots, biometric detection, and intent prediction for example, most of these solutions do not tackle the current business pains that are often encountered in face to face interactions within the retail space. Fortunately, this does not mean that artificial intelligence should be disavowed as a solution for consideration.

By leveraging stationary Kiosks with tablets and an AI-based customer service application, customers can simply type or use voice controlled commands to fetch information about a particular vendor. Once data is gathered and inputted into the system by the customer, AI can be used over time to track consumer interests to better understand customer needs, provide smart suggestions, predictive queries, voice to text commands, and much more to improve search results. The result is an autonomous, quick and smarter customer service system that provides more efficient outputs than human resources.

Furthermore, this system can integrate with retail inventory databases to list product categories for accurate custom search results so that the right products or services are provided to the right customer. This could enable customers to reserve a restaurant table in advance or check whether a new product is in stock without having to physically enquire themselves.

How can retail facilities benefit from implementing AI customer service?

Other than increased customer satisfaction, an AI Customer Service Kiosk system can present a number of attractive business related benefits for retail facilities looking to reduce expenses, increase conversions and much more.

Reduce and optimize human resources

By using customer service kiosks, retail facilities can significantly reduce human resources, and optimize their working time. This can be facilitated by leveraging and linking natural language processing to facility and vendor databases so that the customer service process can be automated and autonomous

Provide real-time solution customer queries

Over time, as customers input search queries into the system, AI algorithms can better help understand user queries and provide relevant information or additional assistance in real time. This will lead to a smarter and autonomous system.

Increase sales and spread vendor diversification

By fully integrating into existing inventory databases and leveraging algorithms that understand the connection between search queries and products/services, retail facilities can help increase vendor awareness by exposing users to a wider variety of stores based on their product searches and behavior.

As we move into a more automated, autonomous and technological world, retailers will be faced with more solutions that leverage AI to greatly benefit both business and customer related interests.

If you would like to learn more about how our Smart AI Customer Service solution can help benefit your retail business, or would simply like to understand how this solution can be leveraged in different industries, feel free to visit the Smart AI Customer Service page or Contact Us to start a dialogue!

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Platform & Technology Discovery

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AI Technology

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Management Systems

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Digitally improving customer loyalty and experience

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Digitally Improving Customer Loyalty and Experience

Challenges & Business Pains

According to a survey conducted by Codebroker, 54% of American consumers think it is frustrating when loyalty programs cannot be accessed from a smartphone. This can often result in expired loyalty points, coupons and missed opportunities due to consumers not being aware of these offerings in time. Furthermore, research conducted by 3Cinteractive has found 53% of consumers are unsure of how many points they have collected from favorite loyalty programs. This can become especially problematic when companies require a major shift in attention towards customer loyalty but are not aware of the pitfalls of providing these offerings.

Although there are many ways retailers can capitalize on providing loyalty programs or easily distribute accessible promotional offerings, many business owners are simply not engaging customers effectively and/or use outdated paper-based methods that are resource intensive.

Why digitizing loyalty programs and promotional offerings is the way to go

Whether you’re a retail facility owner looking for a way to attract more visitors, or you operate a retail store and require a robust system that further engages customer loyalty, digitizing your offerings is by far the most effective way to encourage customers to willingly return through incentivized offerings. Below we have identified and listed reasons why our digitized loyalty program can garner these results effectively.

1. Remove limitations of sticking with only one offering

Whether you want to offer digital coupons, promotions or loyalty points that customers can redeem, using a digitized loyalty program can allow you to create any kind of offering that’s available on the market. This allows retailers to test what works best for engaging your customers in a feasible manner without the limitation of investing into one type of offering.

2. Push notifications for better customer engagement

Oftentimes, customers can quickly forget they have offerings waiting to be used or are unaware of new offerings that can be redeemed. By using push notification, a digital loyalty program can notify customers when offers are soon to be expired, or when there’s a new hot promotion waiting for them.

3. Seamless offer configurations & management

Offerings require planning, execution and deployment. These are all things that require constant careful effort from retailers who are looking to further engage their customers’ loyalty. However, with a digitized loyalty program, a set of parameters, settings and templates are preconfigured for you to create your offering within a matter of minutes. This can help reduce the amount of time needed to deploy your offering while reaching your customer in seconds.

4. Depleting resource needed to sustain physical methods

As technology evolves, we are constantly looking for ways to reduce material based processes and converge them into digital applications. By digitizing your loyalty programs, you can reduce resources needed to sustain these outdated methods and while contributing towards a more environmentally friendly practice. The days of paper coupons and plastic loyalty cards over!

By digitizing your existing or next loyalty program, your business can connect with customers in much more engaging ways that build long term loyalty with convenience in mind. Retailers should also keep in mind that digitization can also help reduce costs, simplify program management, and experiment without the burden of wasted resources or failed strategies.

If you would like to learn more about how our Customer Loyalty Program Application can help benefit your retail business, or would simply like to understand how this solution can be leveraged in different industries, feel free to visit the Customer Loyalty Program Application page or contact us to start a dialogue!

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Platform & Technology Discovery

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AI Technology

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Management Systems

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AI Technology

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The key to effective facility management: Connectivity & Data Processing

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Consolidation is the key to seamless facility management

Challenges & Business Pains

Managing facilities presents a number of underlying issues that make supervision efforts more time consuming and uncoordinated than needed. From keeping the store area clean, safe, maintained and attractive, your responsibility is to assist retail establishments in enhancing its brand in the face of customers. The logistics of such a duty can entail managing maintenance requests, handling leasing contracts, managing payments, and a number of other tasks that require the undivided attention of it’s supervisor. Although there are a number of reliable tools that make the process of managing retail vendors and technicians easier, these tools are often unconsolidated and require parallel management to achieve their desired results. 

Furthermore, It is difficult and time consuming to track and manage these logistics when most systems and tools are often not consolidated on one platform. Retail facility owners need to consider that there lies an unrecognized benefit in interconnecting their systems. If done correctly, this can enable supervisors with the ability to streamline processes that allow for greater stakeholder connectivity and deeper data analytics. Overall, this will simplify facility management management while improving the way operations are handled.

How retail facilities can improve management processes

It’s no industry secret that improving management processes can both increase productivity and reduce expenses. However, each industry and each company will require different approaches in order to optimize management operations efficiently. So, what can retail facility owners do in this specific case? As mentioned earlier, by focusing on strengthening stakeholder connectivity and collecting deeper data analytics, facility managers can optimize management processes by capitalizing on useful tools to solve their primary concerns and inefficiencies.

Below we will go over two identified pillars; stakeholder connectivity and data analytics. By focusing on these two pillars, we will elaborate on the features and tools that would be ideally required to improve facility management as a whole.

Strengthening stakeholder connectivity

By strengthening stakeholder connectivity, as well as stakeholder engagement, facility managers can have a better connection with each participant in a multi-faceted manner. This kind of approach should allow each stakeholder to utilize an application, whether it be mobile or web, in order to communicate, manage and request specific information or requirements.

For vendors, this can entail something as simple as requesting maintenance, making payments or managing leasing contracts that are due for renewal. This would allow for a direct and seamless communication line that could better facilitate the needed services that happen between vendors and facility managers. Take maintenance requests, for example. Through such a platform, managers can receive notifications of requests with detailed descriptions and multimedia elements (photos, videos) sent by vendors to help managers prioritize and manage responses. Furthermore, these requests can be assigned and sent to technicians so that they can be better prepared and equipped with the appropriate tools or equipment.

Collecting deeper data analytics

Data is critical for understanding where facilities management processes and procedures stand. There are a number of reasons why facilities would want to collect in depth data. Many of these reasons directly attribute to confirming known inefficiencies, discovering new ones, or proving a hypothesis wrong/correct.

However, in order for this to be possible, facility owners would need to adopt or integrate a management system that collects transmitted data in a multifaceted way through various technology points. Such a system should allow for auto-generated reports, automated KPIs, and overall measurements of management tasks to help strategize forward-thinking decision making.
So, what could a potential use case look like? Take “work order response time” for example. 

By rigging technicians with a mobile application that is connected to a management system, records can be collected when technicians open their assigned task, mark start and complete times, document results, and receive feedback from vendors on quality of work. By time-stamping and collecting these data points, the system can automatically build a KPI report in an automated and transparent fashion for greater convenience. Although this is just one example, the same can be done for cost per repair, leasing contracts, payments, and much more.

If you would like to learn more about how our Facility Management platform can help benefit your business, or would simply like to understand how this solution can be leveraged in different verticals or scenarios, feel free to visit the Facility Management page or contact us to start a dialogue!

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Platform & Technology Discovery

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AI Technology

Discover how integrating AI into existing surveillance systems can increase business growth and overall improve customer experience.

Management Systems

By making connectivity and data processing the center piece of your management effort, productivity can increase while reducing downtime.  

AI Technology

How Artificial Intelligence can completely change and improve customer service experience within the landscape of the retail industry. 

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Digitizing Identities in Government

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The Potential Service Benefits of Digitizing Identities

Government Challenges & Issues in Identity Management

For decades now, governments have played a key role in successful identity schemes that have relied on a patchwork of systems to verify citizens for services and programs alike. Unfortunately, without a digitized and secure framework, regulating identities claims through traditional methods can result in longer wait times, human errors, identity theft, and more, and ultimately financially burdens the taxpayers themselves.

Whether citizens fail to present correct documentation, or an agency employee improperly cross references identity claims, there are a number of factors that delay the onboarding and management processes involved in facilitating services and programs. Furthermore, identity theft also poses vulnerabilities. This is especially alarming when citizens are constantly required to input the same identity credentials into online platforms, as today’s citizens are accustomed to frictionless login and autofill features. Citizens can fall victim to effective phishing schemes, such as replicated website designs or form-jacking codes on compromised sites that deceive users into inputting sensitive data.

Although current methods can be quite successful and generally do get the job done, governments need to consider a solution that is consolidated and secure so that data is easily transferable in a seamless and portable manner. This solution should also enhance user experience while maintaining the needed processes that governing bodies require as per regulation or policy. Such a system should easily integrate into existing systems and silos to enhance how data is utilized while implementing new and secure protocols.

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The Solution: Self-Sovereign Digital Identity

Self-sovereign identity refers to a model where each citizen maintains full control over data attached to their identity. This data can be stored into a digital wallet to allow seamless accessibility. In theory, a citizen could decide when and how their information is shared. For instance, someone could store their driver license, passport, billing utility, credit card credentials and more in a wallet that requires a private key to sign a transaction for sending information out. This enables the user to verify that they are the true owners of that particular document or data.

Likewise, governments can enable online features, such as SSO (Single Sign On), that would allow users to scan a QR code, select the required identity information, and authenticate ownership using biometric verification before sending. This is all made possible by using a number of technologies, such as artificial intelligence and Blockchain, and would provide greater security and portability in identity management. With such a system in place, governments can identify, authenticate and authorize identities, request identification attributes, and issue official government documents to citizens for services or programs. Furthermore, this would significantly speed up the verification processes in a secure and autonomous manner without the need to manually verify each claim. This would save governments both time and money while further preventing identity theft so that budgets can be allocated towards other initiatives accordingly.
Below we have identified 5 reasons governments should consider a self-sovereign digital identity system

Automated and autonomous identity verification

By using third party verification companies that are trusted by governments, verifications of identities claims can take place without governments constantly cross referencing claims. Once an identity has been verified by a third party, citizens are free to consistently use their digital identity to apply for services/programs without the need to wait for verified claims. However, citizens will be required to use biometric attributes each time they use their digital identity so that theft or unauthorized use is rejected.

Remote portability of identity management

This would remove the need for in-person visits, and allows citizens to upload and manage their identity documents from any location remotely. Citizens could apply for services or programs without the need of ever being present. Furthermore, such a system can also contribute to a more contact-less interaction so that social distancing policies can be efficiently followed.

Higher processing quality / customer satisfaction

By automating and streamlining the verification process, governments and citizens alike can rely on technical mechanisms for quicker turnaround time of identity claims. This would mean that services and programs can be facilitated and acquired in less time than traditional methods. Government officials can spend less time cross referencing claims and shift their focus on other processes involved in providing the same services or programs citizens are applying for.

Digitally issuance of official documentation

One unique benefit of digitizing identities in a self-contained ecosystem is the ability to issue official documentation to citizens from an access and management system. Provided citizens can submit the required identity details, upon approval, government agencies can issue digitized documents, such as identity documents or business certificates in the form of a digital token. Governments can choose to completely replace traditional methods, leverage them as temporary placeholders, or provide them as a secondary form of proof of ownership. This can significantly speed up the process in obtaining documents that citizens apply for in a seamless and secure manner.

Cost minimization in operational processes

Overall, governments can expect to see a reduction in the operational expenses that are required to verify and manage identity claims. This means that the time that is required to verify a citizen will be significantly reduced as the platform facilitates mechanisms that automated and enable this process. This will also result in an increase of efficiency as the potential of error in human involvement is completely removed from the process. By implementing these mechanisms, verification of an identity will happen as quickly as the identity is submitted.

Although there are many more benefits to self-sovereign digital identity, these are just some reasons governments should consider implementing a digital identity system nationwide. It is important to note that there are already existing use cases of countries that have successfully integrated digital identity. If you would like to learn more about how our Digital Identity solution can help benefit your governing entities, check out our solution here. If you’re curious about how the technology itself works, feel free to contact us to start a dialogue!
Even something as simple as presenting improper or lack of identification documents can further delay the onboarding and management processes involved in facilitating services and programs. Another example is identity theft. Today citizens are accustomed to frictionless login and autofill features. This alone presents increased security vulnerability for online services or programs that require previously inputted credentials using the same personal information and identification documents. Citizens can fall victim to effective phishing schemes, such as replicated website’s design or form-jacking codes on compromised sites that deceive users into inputting sensitive data.

An immutable, distributed ledger technology that uses cryptography to secure data, and smart contracts to complete transactions that are facilitated on certain conditions met.

Likewise, government agencies can utilize identity and access management tools to identify, authenticate and authorize identities, request identification attributes, and issue official government documents to citizens for services or programs. With such a system in place, government agencies can also provide greater portability to citizens so that verifications can take place remotely at any time. With a system like this in place, government agencies can significantly speed up the verification processes in a secure and autonomous manner without the need to manually verify each claim. This would save governments both time and money while further preventing identity theft so that budgets can be allocated towards other initiatives accordingly.
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Artificial Intelligence Surveillance for Retailers

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How retailers can increase business growth with Artificial Intelligence

Retail Challenges & Business Pains

In today’s climate, surveillance systems are a commonly used tool in retail facilities worldwide to support and aid security and safety measures. However, despite the pragmatic purpose they provide, there lies a large amount of under utilized data that can help retailers better understand consumer behavior and retail vendor performance. Without this data, retailers cannot improve business growth and make accurate decision making through informative measures.

Although there are a number of other technologies used to measure consumer activity, these methods rely solely on either specific data points, non-dynamic information, or manual processes that are time and resource consuming. As a consequence, these results do not showcase the “why” to a consumer’s behavior, nor do they provide a consolidated outlet for a seamless management experience.

How we suggest retailers leverage existing or new surveillance systems

Traditional, surveillance systems capture fairly useful information that is rarely filtered, processed and utilized. Although these systems are extremely useful, most facility owners do not realize that there is an extended capability they can provide. From improving customer experience, to measuring vendor performances, specific activity can be captured and analyze to help retailers increase revenue growth.

So, how can retail facilities capitalize on their previously existing surveillance system to achieve optimal growth? By integrating a state of the art AI Engine that uses trained algorithmic models to detect, identify and track a number of behavioral and performance-based metrics. With AI-based generated data, retailers will better understand the nature of retail environments in an automated and autonomous fashion. This allows facility owners to dive deeper into data related information,  reveal what drives or depletes business growth, obtain direct feedback of sales or marketing strategy experiments, and identify market demands.

Furthermore, by integrating into other or existing technologies such as motion sensors, IoT devices and more, different sources of data can be extracted and consolidated into a central dashboard. This allows retailers to gain a richer insight into consumer and vendor related insights data. 

5 Ways retailers can utilize easily captured data

Through a number of technology points integrated into an Artificial Intelligence engine, retailers can gather, filter, and process data to an analytics dashboard that simplifies information in a concise manner for informed decision making.

below we cover 4 data sets that can be reported in an automation fashion to provide efficient business outcomes:

Customer & Vendor Demographics

Through AI recognition, you can track, analyze and better understand the correlation between demography and the specific behaviors that pertain to particular consumers. Whether you’re looking to single out a specific demography, or seek to understand the general overview of your consumers, confidently build and test new or existing strategies that apply to your consumer base accordingly.

An AI engine can identify and track:

Consumer Retail & Vendor Heat maps

Discover and pinpoint the density of where consumers frequent the most (or the least) through auto generated heat maps. Furthermore, through visual indicators of shopping flows and shopper counts, heat maps can be used to test the effectiveness of new layouts or the popularity of store locations to gauge retail space evaluations. Furthermore, through different data points such as time, year, demography and more, AI can also help assist in making future predictions in engagement, revenue and location of new or existing vendors.  

Customer Foot Traffic & Retention Rates

Although entry points are typically facilitated by sensors, by also leveraging surveillance systems integrated with AI, we can timestamp and monitor consumers to not only track the amount of time spent within facilities or stores, but we can also discover what factors play into higher retention rates. Whether it’s a particular product or layout that captivates consumers to purchase or stay longer, indicators can be identified by AI to bring attention to probable correlations.

Advertisement engagement

Better understand the effectiveness of advertising campaigns by monitoring how consumers interact with them. By leveraging AI and surveillance cameras, retail facilities can analyze  advertisement interactions such as engagement rate, conversions, facial expressions and much more.

Although these are only just a few ways that data can be extracted and processed, there is much more information that an AI-based surveillance system can detect. Overall, it is important to note that AI should be leveraged as a powerful tool to automate data processing and quickly improve decision making.

If you would like to learn how our AI surveillance system can similarly benefit your retail business, or would simply like to understand how this solution can be leveraged in different industries, feel free to visit our AI Surveillance System or contact us to start a dialogue!

Discovery & Insights

Platform & Technology Discovery

Block Gemini - Surveillancecamart 1
Block Gemini - Facilityart 1
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AI Technology

Discover how integrating AI into existing surveillance systems can increase business growth and overall improve customer experience.

Management Systems

By making connectivity and data processing the center piece of your management effort, productivity can increase while reducing downtime.  

AI Technology

How Artificial Intelligence can completely change and improve customer service experience within the landscape of the retail industry. 

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