Vol. 2 | Fourth Quarter 2019 View in browser

The quarterly Retail Tech Bulletin, published by Platt Retail Institute and the Retail Analytics Council, includes news and case studies regarding retail robotics, artificial intelligence, and related retail technologies. The Bulletin also includes updates on Retail Analytics Council activities, the Retail Robotics Initiative, and the Retail AI Lab at Northwestern University.

Standards Support Robots in Retail

In 1993, a group of retailers wondered why every new point-of-sale system purchase required replacement of their data model. After all, the data had not changed since previous systems were purchased and continued to include standard categories such as item identification, price, quantity, taxes, etc. The retailers posed their question to the National Retail Federation and that was the genesis for establishing retail technology standards.

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Enhancing a Retailer’s Online Search Returns Using Machine Learning

A team of five graduate students at Northwestern University conducted a research project to consider ways to enhance the online user search experience for a major retailer’s website. The project showcased applications of a variety of programming and machine learning techniques.                                                                  

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RAC Retail Advisory Board Updates

Gaskins Joins RAC Retail Advisory Board

Derek Gaskins, SVP, Merchandising and Procurement at Yesway, is now a member of the RAC Retail Advisory Board. He directs all marketing, merchandising and procurement efforts for the brand.

Otte Joins RAC Retail Advisory Board

Gregory Otte, Head of Americas Retail Operations and Strategy at Google recently joined the RAC Retail Advisory Board. Otte has more than 15 years of international supply chain experience working in Europe, Asia and the U.S.

RAC Announces Fall Research Project

We are pleased to announce that this fall at the RAC AI Lab, we will be working with Hy-Vee Inc., on an AI labor optimization experiment. 

Headquartered in West Des Moines, Iowa, Hy-Vee operates more than 245 retail supermarkets and drugstores in eight Midwestern states. 

Upcoming Events

The Retail Analytics Council has conducted wide-ranging research into the use of robots in retail stores and will be presenting its findings on October 31 in Evanston, Illinois at the Hilton Orrington Hotel. Join us to provide your input during this one-day event.

The two primary issues to be addressed at this event are:

  • Robotic-generated data standards.
  • Robot-to-robot communication protocols.

"Initial findings of the research we conducted regarding retail adoption trends of robots is very telling for the future of the retail industry. This event will be a great venue to share, discuss, and determine the next steps for this technology," said Dr. Martin Block, executive director of the Retail Analytics Council.

Get More Info on Participation

The Retail Analytics Council and Platt Retail Institute will present the third annual Retail Robotics and AI Conference on May 6 and 7, 2020, at the Hilton Orrington Hotel in Evanston, Illinois (next to the Northwestern University campus).

Attendance is open to retailers only and is limited to 150 participants. This includes Retail Analytics Council Retail Advisory Board members, C-level executives, and academics. The Conference will focus on implementing and executing retail AI strategies, as well as exploring emerging trends in retail robotics.

Additional details will be found here as they become available.

Platt Retail Institute

P.O. Box 158, Hinsdale, IL 60522 USA
United States

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