Digamma.ai CEO Q&A Series: Jonas Cleveland, CEO of COSY
What transformative effects do you intend COSY to have on the retail sector?
We describe COSY as an aisle intelligence company that’s using machine vision and AI to improve retail execution and inventory productivity for our customers in retail stores and warehouses. The major trend occurring in retail today is the evolution of the retail store floor into a distribution center. This is something that COSY has been talking about for some time. For consumers, this means being able to order online, show up to the store and grab what you ordered plus other things, such as fresh produce.
For retailers, this means that they need more stores so that they can reach more people efficiently. Today we see stores like Target moving into more urban environments. We also see many stores closing down as the overhead of these stores is too high.
There is also the issue of an inefficient use of space. So, really, what COSY enables is the ability to optimize the way this real estate is used. Essentially, being able to optimize how you place departments, products and organize them on the store floor to drive revenue higher for retailers. Read More