JD.com and Intel launch research lab to foster Smart Retail

No primary category set

JD.com and Intel have launched a joint lab that will explore the use of Internet of Things (IoT) in smart retail solutions. The Digitized Retail Joint Lab [sic] will develop next-generation vending machines, media and advertising solutions, and technologies to be used in the stores of the future, based on Intel architecture.

The new lab marks the extension of the robust existing partnership between Intel and China’s largest retailer. So far, scientists have successfully merged Intel’s RRI edge computing and OpenVINO computer vision architecture with JD’s computer vision algorithms to analyse customer traffic and in-store purchasing habits, a solution that helps store owners to provide a more personalized and convenient experience to their customers.

“This lab will combine our collective strengths to develop cutting-edge solutions to bring the precision of online shopping to offline players. We look forward to expanding our cooperation with Intel to deliver a best-in-class, personalized shopping experience wherever consumers shop.”

– Zhi Weng, VP of JD.com and head of JD Big Data Platform

The new lab adds to JD.com’s vision of “Retail as a Service,” or sharing its cutting edge technology and infrastructure with other retailers and industries to revolutionise global commerce. Other efforts include a suite of technology upgrades for brick-and-mortar store owners, including smart shelving, smart price tags, checkout solutions, and more.

By helping smaller retailers modernize their operations, JD hopes to enable all consumers’ access to quality products, and to buy whatever they want, whenever and wherever they want it.

“As China’s most influential retailer and a leader in data-driven offline retail innovation, JD is an important partner for us to continue to develop a wide range of use cases for our latest technology developments. We are happy to take our partnership to the next level.”

– Wei Chen, VP of Intel & General Manager of Intel IOTG China

By leveraging JD’s big data analysis capabilities and Intel’s advanced edge computing technologies, the companies will build a more sophisticated retail ecosystem and enable the wider commercialization of new products and technologies as well as facilitate their introduction to global markets.

RELATED POSTS..

Marketplacer powers Tesco Online Marketplace

Marketplacer powers Tesco Online Marketplace

Strategic planning essential to navigate Q4 air cargo challenges

Strategic planning essential to navigate Q4 air cargo challenges

InPost celebrates 100th One Stop Parcel Locker Location

InPost celebrates 100th One Stop Parcel Locker Location

Alibaba AI Toolkit used by Half a Million Merchants

Alibaba AI Toolkit used by Half a Million Merchants

The Felix Project to redistribute 400,000 Amazon donations

The Felix Project to redistribute 400,000 Amazon donations

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars