Swiss firm Scandit acquires AI specialist MarketLab, integrating shelf audit tech to improve retailer store operations.

Swiss tech firm Scandit acquires Poland's MarketLab, an AI and image recognition software specialist for the retail industry. MarketLab's technology, which automates shelf audits, will be integrated into Scandit's ShelfView app to create a hybrid data capture shelf intelligence solution for retailers. The combined approach will help retailers automate store operations processes, improve insights into on-shelf availability, planogram compliance, and pricing issues, thereby optimizing store conditions, maximizing sales, and reducing lost revenues due to stockouts.

August 21, 2024
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