News | March 11, 2019

Scandit Awarded By Frost & Sullivan For Innovation In Retail Technology With Mobile Computer Vision

SAN FRANCISCO--(BUSINESS WIRE)--

Scandit, the leading enterprise technology platform for mobile computer vision, barcode scanning, and augmented reality, today announced that it is the recipient of Frost & Sullivan’s 2018 European Technology Innovation Award for bridging the gap between online and offline retail. Each year, Frost & Sullivan presents this award to an innovative company that has developed a product that is gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements that it enables.

Frost & Sullivan chose Scandit because of the groundbreaking way in which it is using mobile computer vision and augmented reality to enable retailers to create the digital in-store retail experience their customers want, without requiring a large infrastructure investment. Using Scandit, retailers can replace dedicated scanners with smartphones and tablets that can handle customer and employee use cases such as self-checkout, search and find, shelf management, and many more. Augmented reality is used to overlay relevant product information on the items displayed on the screen.

Download the report to learn more about Frost & Sullivan’s findings, including:

  • Why it is essential for retailers to reimagine brick-and-mortar environments in consideration of how today’s customers prefer to evaluate, select, and shop for products.
  • The technologies in use today and why barcodes have the highest potential for boosting in-store shopping experiences and back-end processes.
  • Why Scandit’s products and technologies stand out for catalyzing brands’ efforts to revamp their in-store retail experiences to better align with today’s customers’ data-driven needs.
  • How Scandit flips the traditional in-store dynamic by putting the barcode reader in shoppers’ and employees’ hands so they can gather information about products using a smartphone and augmented reality technology—blending the digital and physical worlds.

“Scandit employs computer vision and machine learning to enable high-performance barcode scanning using smartphones,” said Hiten Shah, Research Analyst at Frost & Sullivan. “By substituting dedicated barcode scanners with smartphone applications, retailers make their workflows more convenient and highly cost effective.”

“Frost & Sullivan’s findings echo the results of retailers from all over the world,” said Samuel Mueller, CEO of Scandit. “Our customers are using our affordable computer vision technology to transform the in-store experience and compete with online retailers.”

Resources

About Scandit

Scandit enables enterprises and consumers to change the way they interact with everyday objects and augment the physical world with real-time data captured by scanning barcodes and recognizing text, objects, and other visual identifiers using smartphones, tablets, wearables, drones, and robots.

Scandit’s mobile data capture platform is built on proprietary computer vision, augmented reality, and machine learning technologies. Companies in industries such as retail, transportation and logistics, manufacturing, and healthcare can use Scandit’s technology to create and power mobile apps for crucial enterprise workflows like mobile point of sale, mobile shopping, self-checkout, inventory management, and proof of delivery.

Many of the world’s most innovative and successful companies are benefiting from Scandit’s enterprise-grade mobile data capture platform, including Sephora, Louis Vuitton, DHL, and Levi Strauss & Co.

For more information, visit https://www.scandit.com.

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