Centific Global Solutions announced the launch of Pitaya.AI, a SaaS (Software as a Service) platform for retailers that provides a suite of intelligent storage solutions.
These solutions leverage AI to tackle industry-wide business challenges such as shrinkage, workplace safety, stockout, and lack of customer behavior visibility.
Need for digital strategies
According to Gartner, 'Strategies for a digitally enabled and profitable physical store are foundational to the future of retail.'
However, an increase in shrink (almost $100 billion according to the National Retail Federation) and continued labour shortage issues (record 75.8% turnover rate according to Korn Ferry) are posing significant burdens on retailers to cope with an eroding bottom line while providing an optimal customer experience. '
Pitaya.AI
Pitaya.AI leverage the robust capabilities, and partnerships and markedly reduces losses due to shrinkage"
“The time is now. As AI becomes more ubiquitous, enterprises have a unique opportunity to unlock profound value for their revenue, profitability, customer, and employee experiences,” said Venkat Rangapuram, CEO of Centific.
He adds, “We created Pitaya.AI to leverage the robust capabilities and partnerships with NVIDIA Edge AI, Microsoft Azure Cloud, and OpenAI, transforming the shopping experience, enhancing associate productivity, and markedly reducing losses due to shrinkage.”
Rich ecosystem
Pitaya.AI addresses the ever-growing increase in theft for the retail industry by preventing theft at cashier-assisted and self-checkout lanes and helps prevent retail organised crime by detecting loitering and rapid pickup of multiple items.
Pitaya.AI uses a broad range of technologies from the NVIDIA Metropolis stack, such as NVIDIA GPUs, the Jetson Edge AI platform, the TAO toolkit, and the TensorRT software development kit to develop the vision AI application.
Pitaya.AI offers end-to-end value realisation for retailers via a rich ecosystem of partners, which includes Lexmark, SmartCow, and Wren Solutions.
Vision AI solutions
We are pleased to be partnering with Pitaya.AI on this exciting venture"
"We are pleased to be partnering with Pitaya.AI on this exciting venture," said Ryan Hatfield, Lexmark Portfolio Director of Retail Solutions, adding "By leveraging the strengths of both companies, we are confident in our ability to deliver Vision AI solutions on the edge that provides enterprise-class security and data privacy without compromising performance and enabling rapid deployment at scale."
Capabilities
Pitaya.AI is engineered to:
- Require minimal capital expenditure because it leverages a preexisting setup and cameras.
- Integrate into the retail ecosystem including handheld devices, point-of-sale, virtual machines, and the cloud.
- Take immediate action via real-time notifications and task management.
- Deliver tangible business outcomes as all tasks and activities have a bottom-line impact.
Principles
“With human centricity at the forefront of our value system, we are committed to strict adherence to responsible AI guidelines,” said Vasu Sundarababu, Head of Engineering at Centific, adding “As such, the Pitaya.AI platform embodies the key principles of responsible AI: accountability, inclusiveness, reliability, safety, fairness, transparency, privacy, and security.”
- Network / IP
- Remote surveillance
- Retail surveillance
- Digital video surveillance
- Remote video surveillance
- IP video surveillance
- Electronic security systems
- Retail security systems
- Shop security systems
- Application security
- Industrial security
- Remote security
- Mall security
- Commercial security
- Shopping centre security
- Security management
- Security policy
- Security devices
- Security installation
- Security tagging
- Security cameras
- Covert cameras
- Security camera systems
- Security monitoring system
- Security access systems
- Radio frequency Identification
- Asset tracking
- Video analytics
- Remote video monitoring
- Electronic access control
- Building security
- Facility security
- Store security
- Store surveillance
- Industrial security systems
- Retail security
- Wireless security
- Network cameras
- Door access control
- Security software
- IP Surveillance
- Security service
- Industrial surveillance
- Physical Security Information Management (PSIM)
- IP security solutions
- Covert Surveillance
- Integration software
- Internet of Things (IoT)
- Crowd Management
- Corporate Security
- Central Monitoring
- Security Assessments
- Artificial intelligence (AI)
- Mobile access
- Video surveillance
- GDPR
- Mergers & Acquisitions
- Machine Learning
