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Bruce Xu: Taking retailing to next level by WorthCloud

Bruce Xu: Taking retailing to next level by WorthCloud 值得看AIoT服务平台
2019-08-09
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导读:Taking retailing to next level by WorthCloud



On August 8, Tencent Cloud AI touring salon was held in W Hotel, Malaysia.WorthCloud, as being the only one China-based partner, was invited to share the insights and AI technologies regarding new retailing industry.


 

Bruce Xu, CEO of Wanjiaan Group (subsidiary company: WorthCloud, Wanjiaan Intelligent Technology Co,. Ltd), was invited to share the theme of How AI Empowers Smart Retail Industry. He indicated that with the development of cloud computing, big data, Internet of Things and artificial intelligence, many business models and products have been innovated and industry changes have taken place, as well as retail industry. Through the internet-of-things, datais accumulated by way of communication between implanted devices and computers.As a result, consumers may enjoy a more personalized, faster, and smart erexperience.

 

Whetherit is face recognition, big data application or SaaS (Software-as-a-service)service, through the integration of online and offline, it greatly improves the recognition ability of enterprises to consumers. WorthCloud platform focuses on providing smart retail solutions for traditional retail stores, helping them reduce costs and improve efficiency, and achieving "retailing evolution" During the presentation, Worthcloud has prensented its AI capabilities from three aspects: application center, CMS and transparent platform.



New retailing vs Traditional Retailing

 

The pain points of traditional retailing are often stuck in the selection, location, marketing, experience,operation and management. Before the store opened, WorthCloud recorded passenger flow and user portraits through AI camera equipment to assist thestore in location selection; In marketing experience, WorthCloud acquired user's buying habits through customers in the store to achieve promotions; In operation management, it combined with Tencent Cloud. Integrate AI cameras with WorthCloud algorithms to analyze the customer buying behaviors data, creating customer profiles to increase buying opportunities. Integrated with virtual assistance system can easily approach customer profiles and provide personalized recommendations.
 


 
Wothcloud - CMS

Worthcloud business intelligence empowersthe applications to achieve functions such as scan&pay; empowers infrastructure to achieve customer flows statistics. Service provider,suppliers and retailers all together to support the channels and split responsibilities through purchase and service.


 
Transparent Supply Chain
In the process of launching new retailing,all partners in the ecosystem, including Tencent Cloud and Worth Cloud all haveto re-arranged. The relationship between brand and retailer, between supplier and channel, between products and service provider needs to be reconstructed and collaborated. Supply chain is the core of retail industry to control whether the stores are profitable. From traditional supply chain hierarchy to online and offline separation.


The implementation of smart retail-related processes has completely altered the landscape of the sales industry.Decentralization, optimization, and transparency, all play necessary roles within the process and couldn’t be done by individual. A long as they carry out continuous self-revolution on the right road, everyone will be beneficial fromthis new retail revolution.
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