Consumer tastes and expectations change rapidly, so retailers need to stay at the forefront of trends. By adopting new, innovative technologies, they are able to adapt quickly and anticipate customer needs
SAN FRANSISCO (PRWEB) May 25, 2023
Focal Systems has been named “Overall Store Management Solution Provider of the Year” in the inaugural RetailTech Breakthrough 2023 awards program, which honors excellence in retail technology companies, services, and solutions around the world.
The award winners highlight key disruptions in retail that are enabling consumers to make more informed choices and to shop anywhere anytime, improving segmentation and pricing, enhancing convenience, and improving customer journeys after purchase through digital transformation.
“Consumer tastes and expectations change rapidly, so retailers need to stay at the forefront of trends. By adopting new, innovative technologies, they are able to adapt quickly and anticipate customer needs,” said Francois Chaubard, CEO and founder of Focal Systems. “We are honored to be recognized for our invention of the “Self-Driving Store” which enables retailers to provide customers with fuller shelves of the products they actually want and retail workers to find any product in the entire store instantly, drastically improving the online ordering experience.”
Focal’s “Self-Driving Store'' Operating System leverages shelf cameras and AI to digitize shelves and then automate all decision-making in the store: from merchandising, ordering, and pricing, to staffing, task and labor management, e-commerce platform management, and much more. With this optimization, the biggest retailers in the world are able to eliminate e-commerce substitutions completely, increase the availability of products, improve employee morale, and reduce food waste, leading to greater overall sales and profits.
This year’s RetailTech Breakthrough awards program attracted more than 1,200 nominations from over 12 different countries. Winners were selected based on a variety of criteria by a panel of industry experts who represent a mix of technical, business, and investor expertise. Focal Systems was also recently named to Fast Company’s World’s Most Innovative Companies for 2023 list. To learn more about how the company is transforming retail, visit https://focal.systems/.
About Focal Systems:
Founded in 2015 in San Francisco out of Stanford’s Computer Vision Lab, Focal Systems is the industry leader in retail automation. Our mission is to automate and optimize brick and mortar retail with state-of-the-art deep learning and AI. We have pioneered the world’s first “Self-Driving Store”- an OS that revolutionizes how stores are run. Focal has raised more than $40M to date and scaled solutions on three continents in hundreds of stores, with over 100,000 cameras deployed. Learn more at: https://focal.systems.
About RetailTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the RetailTech Breakthrough Awards program is the premier awards and recognition platform devoted to honoring excellence in retail technology companies, services and solutions around the world. The RetailTech Breakthrough Awards provide public recognition for the achievements of retail technology companies and products in categories that include store management, digital displays, checkout automation, workforce tools, smart dressing rooms and more. For more information visit https://retailtechbreakthrough.com/.