Tally, Simbe Robotics‘ autonomous inventory robot, can now record in-store data on every RFID-tagged merchandise, from fashion to electronics, sporting goods to home decor, thanks to the integration of RFID and Machine Learning technologies.
Tally now captures over 700 RFID product tags per second with greater than 99 percent accuracy, in addition to its pre-existing computer vision capabilities.
This eliminates the need for shop employees to use handheld scanning devices while also providing retailers with real-time information on product availability and placement.
Simbe’s integration of RFID and computer vision into Tally is the next phase in the company’s plan to eliminate the $1.1 trillion in yearly retail losses caused by out-of-stocks, overstocking, and product location problems.
By ensuring that the products customers desire are always available and in the proper place, compensating for these losses improves the in-store shopper experience.
“As we think about game-changing technology that will boost inventory intelligence and assist merchants to build a better customer experience,” Brad Bogolea, CEO and Co-founder of Simbe Robotics, stated, “RFID sensing is a natural next step.”
“Simbe is the only firm in the world to combine RFID and computer vision in the same machine in large-scale production deployments,” says the company.
RFID-enabled Tally robots have scanned over 150,000 products of various types since their introduction, traveled securely in a variety of retail situations, and given retailers vital inventory data to help them optimize their product flow.
Retailers benefit from Tally RFID because it allows them to conduct precise storewide inventory audits and periodical cycle counts, as well as locate and identify misplaced products with sub-meter accuracy.
Retailers benefit from visual audits of merchandise, out-of-stock items or low inventory warnings, and price tag validation when Tally’s Computer Vision capabilities are coupled.
“Brick and mortar retail are fast evolving. “As retailers consider how to optimize in-store operations, innovative technologies like RFID and computer vision are starting to become more popular,” said Durgesh Tiwari, Simbe’s Vice President of Research and Development, Hardware.
Simbe has progressed to the deployment phase after successfully completing domestic and international trials to evaluate Tally’s RFID integration with top global retailers over the previous nine months. Tally robots capabilities are currently being used in large-scale deployments with a number of international shops.