Digit7 unveils new technology products for retail customers

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Coimbatore (Tamil Nadu) [India], July 1 (ANI/BusinessWire India): Innovative technology company Digit7 unveiled three cutting-edge products during the groundbreaking ceremony of its innovation lab in Coimbatore. The products are designed to deliver advanced digital experiences in the areas of artificial intelligence (AI), machine learning (ML), drone robotics, IoT and 5G.

Digit7 CEO Chithrai Mani, along with InfoVision Co-Founder and President Sean Yalamanchi, former Anna University VC and UPSC Fellow Prof. Dr. E. Balagurusamy, and Principal of Sri Ramachandra College , Dr. Sivakumar, inaugurated the innovation laboratory and launched the new products. Digit7 also hosted an exclusive preview of these products – D-Grab, TagSquare and GlideRobo – at launch.

Currently, the on-the-go segment accounts for 5% of the self-checkout market, but is expected to grow at a staggering 37%, according to industry reports. Similarly, data annotation is expected to grow 27% to become a $7 billion market by 2028.

“We are relentlessly developing products to enable our customers to take advantage of digital. We have entered the smart retail market with our new offerings at the right time. Although the technology is still nascent, it is certainly on the disrupt the retail industry. Entering the market at this opportune time will give us a great head start to create a positive impact. So I’m excited to introduce our new product line,” said Mani .

– D-Grab: D-Grab is a cashierless smart store powered by AI/ML for a streamlined shopping experience. It uses a combination of sensors and cameras on its IoT edge to track the customer and the products they pick up.

– TagSquare: AI-powered TagSquare is used for object recognition, behavior analysis and facial recognition. The product enables simple and effective labeling of data.

– GlideRobo: smart drones, mainly based on LiDAR technology, are designed for monitoring, deployment and providing actionable information. Drones are programmed to fly without GPS and improve the quality of inventory data, improve traceability operations and save time.

“Retailers are only scratching the surface of using invisible data streams and AI to create multi-layered digital experiences,” said Leslie Hand, GVP, IDC Retail Insights. “For most retailers, the reality of digital environments is not yet the metaverse! Right now, that’s the foundation of the smart store: the infrastructure, connectivity, analytics, and devices that enable to digital twins, smart shelves, customers and employee interaction and efficient omnichannel transactions.”

“We envision the future of retail through our products by helping our retail customers optimize their operations and improve the customer experience. As the industry is poised to witness a growing demand for stores without cashier and data annotations, retailers are looking to partner with the right technology providers, and with this launch we expect to not only deliver targeted results, but also define,” said Sean Yalamanchi, co-founder from Digit7.

This story is provided by BusinessWire India. ANI shall in no way be responsible for the content of this article. (ANI/BusinessWire India)

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