Low code platform provider Vantiq has recently unveiled its new Smart Retail Development Framework.
A modular collection of application components utilizing artificial intelligence (AI) and Internet of Things (IoT) technologies, the framework is designed to enable the development, deployment, and management of smart retail applications at scale.
The components’ library offers a variety of building blocks for advanced IT and digital systems and aims to substantially simplify how quickly retail brands can build innovative solutions for their physical store environment.
These include real-time customer loyalty programs, smart inventory management systems, dynamic pricing tools, connected digital and physical shopping carts, grab-and-go shopping systems, virtual queuing, and AI-enabled safety and security applications.
“The retail industry is hungry for the ability to connect the physical and digital worlds to improve operational efficiencies and strengthen brand loyalty through more personalized in-store customer experiences,” said Vantiq CEO Marty Sprinzen in a statement.
“The Smart Retail Framework we’re unveiling today is designed to remove significant barriers to retail innovation by simplifying the development and deployment of flexible, scalable AI- and IoT-enabled applications,” Sprinzen added.
To increase its versatility, Vantiq has also provided the framework with an ample end-to-end partner ecosystem that consists of independent software vendors (ISVs), systems integrators, and technology vendors.
Several companies have already confirmed participation in the initiative, including IBM, Infosys, Chooch AI, and Store Intelligence, among others.
“Infosys is excited to collaborate with Vantiq for its Smart Retail Framework, to enable the retail industry to navigate digital transformation from e-commerce to digital supply chain management,” commented Executive Vice President at Infosys Dinesh Rao.
For context, this is not the first partnership between the companies, which collaborated back in December 2020 on supply chain apps for logistics and other industries.
“The Vantiq Smart Retail Framework, enhanced with business and technology assets from Infosys Cobalt cloud offerings will provide a leverage to retailers to simplify and transform their in-store customer experience,” Rao added.
The new solution also renews the existing partnership between Vantiq and IBM, providing pre-integration of the framework within IBM’s Edge Application Manager.
“The Vantiq Smart Retail Framework provides a solid starting block of pre-existing components that are flexible and customizable for different environments, and can be tailored for each store, region, or deployment,” explained IBM Edge Computing CTO Rob High.
“We’re excited to work with Vantiq in bringing to market these edge-ready smart retail applications that help enable technology and real-time intelligence to be deployed at edge computing centers in or near the stores thus powering the next generation of in-store shopping experiences,” High concluded.
The Vantiq Autonomous Retail Framework will be available to both existing and new Vantiq users in the first quarter of 2022.
Chooch AI | DevOps | edge AI | IBM | Infosys | IoT | low-code | smart retail | VANTIQ