Food retail undergoes a transition year
It’s been a challenging two years for the food retail sector, having to face the challenges of the pandemic, upsizing their delivery capabilities, as
Source: fxstreet.com
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Elementary Robotics Unveils Industry’s First Cloud-Based AI Camera System; Appoints New EVP of Sales and Marketing and EVP of Engineering to Take Company to the Next Level
Manufacturers have long used computer vision to inspect products for defects or other problems, but this traditionally involved programming rules for identifying flaws, making it time-consuming to deploy and change the equipment. Using AI, inspection systems can be fed examples of particular flaws or be trained on what a product is supposed to look like and asked to identify abnormalities. AI based vision yields 90% more detections in manufacturing and can be deployed in less than 30 minutes. Elementary's AI camera system for cloud-based inspection provides AI models that allow non-technical...
Source: roboticstomorrow.com
Ocado share price in play following strong FY earnings
Share this It was a strong year for Ocado, and today's results delivered full-year EBITDA of £73.1m, topping December’s forecast of at least £70m. In November, the company was targeting earnings of at least £60m, so today’s update shows us how much business has improved in recent months, with the tougher lockdown restrictions in the UK since November having played their part. The Ocado share price is currently sitting at 2,645p, slightly down despite the strong results. Ocado share price in focus as profits grow Full-year revenue rose by 32.7% to £2.33bn, and retail revenue grew...
Source: cmcmarkets.com
The Week Ahead: Look out for GDP data, Ocado, AstraZ, Twitter and Ted Baker
Start your week informed: here are the announcements and results to look out for this week.
Source: cityam.com
AI in Retail - Ocado goes bananas for robot food pickers
Read later Audio version Summary: Ocado Technology is training its robots to be more sensitive as pressures from the rise in online shopping grow, explains Isabel Richards, Head of UK Development Centers. (Isabel Richards) As I was chatting to Isabel Richards, Head of UK Development Centres at Ocado Technology, the image of a disgruntled couple from a recent local newspaper story popped into my head. Said couple had placed an online order with their local supermarket, picked their hour delivery slot, and the order had failed to arrive. They had to phone and email th...
Source: diginomica.com