Chinese e-commerce giant JD in collaboration with tech giant Intel have announced a joint research lab to explore the use of IoT application for smart retail solutions.
According to JD, the new research lab, named "The Digitized Retail Joint Lab", will aim to develop next-generation vending machines, media and advertising solutions and technologies in preparation for "stores of the future", based on Intel architecture.
JD VP Zhi Weng, said: "This lab will combine our collective strengths to develop cutting-edge solutions to bring the precision of online shopping to offline players."
The new joint lab marks an extension on the existing partnership between JD and Intel. In 2014, the companies signed an agreement to advance digitization of retail solutions.
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"So far, scientists have successfully merged Intel's RRI edge computing and OpenVINO computer vision architecture with JD's computer vision algorithms to analyze customer traffic and in-store purchasing habits, a solution that helps store owners to provide a more personalized and convenient experience to their customers," Intel said in a statement.
The lab will integrate JD's big data analysis capabilities and Intel's edge computing tech with the intention to create a "sophisticated retail ecosystem" and advance retail operations. In addition, JD said, the lab will "enable the wider commercialization of new products and technologies as well as facilitate their introduction to global markets".
The new lab will aim to offer a number of smart solutions for brick and mortar stores such as smart shelving, smart price tags and checkout solutions.
"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," JD commented.