Innovation and How they Have Affected Organisations

Questions: 1.What is Amazon Go? 2.What we are offering? 3.How does it work? Answers: 1. Amazon Go is worlds most advance shopping technology relieving you from the hassle of standing and waiting in line for billing. Amazon Go is a new innovation to make your shopping experience check out free. In short it is a high tech retail location. Vision Our vision was to provide shopping experience with NO LINES AND NO CHECKOUT. To develop a technology and push the boundaries of computer vision and machine learning to create a store where customers can buy whatever they want in a go, taking offline shopping experience to another level. Problem we are solving Eliminating the pain points of physical stores. Decreasing the wait time for purchasing a product. Optimizing your purchase directly to the payment app thereby eliminating need of physical cash. Benefits of shopping with us No Line. No check out. Just look and shop for the products you would do at other stores. Step closure to cash less society Cash free shopping Reducing wait time while shopping 2. What if you step into the store, grab what you want and just leave! What if we use most advance machine learning, computer vision and AI into a store so you dont have wait in line, no check outs! A check-out free shopping experience is what we have aimed to provide. Computer vision, sensor fusion and deep learning are some main technology used to provide. Technologies similar to technology used in self-driving cars. Our just walk technology automatically detects when products are taken or placed back to shelves and update your virtual cart. Market size Global ecommerce market in 2016 was forecasted to be $22.049 trillion in 2017 which is expected to $27 trillion by 2020 (eMarketer, 2016). As per recent analysis 43% of total online sales was made through Amazon in US (Business Insider, 2017) Grocery market in US is $600 billion Amazon has a great opportunity to grab offline sale also. 3. work Use the Amazon Go app to enter the store Put away your phone and start shopping Everything you pick up is automatically updated to your virtual cart If you changed your mind about a product just keep it back, your virtual cart will automatically get updated. Computer vision, Deep learning algorithms and sensor fusion similar to what you find in a self driving car makes it possible. Scale up plans Amazon Go in Seattle is currently on testing phase and opens for employees, planning to open for public in 2017. Amazon is planning to open 2000 grocery stores in the coming year which is one third of the total present stores of Wal-Mart in US.