Standard AI Acquires Self-Checkout Innovator Skip
Standard AI's acquisition of Skip is significant for the retail industry as it bridges the gap between self-checkout and autonomous retail, providing retailers with a flexible and powerful solution for addressing labor challenges and creating an integrated retail experience for shoppers.
As retailers face an existential crisis in hiring and retaining talent, they are seeking ways to solve labor challenges while also transforming their stores to meet the demands of modern shoppers. Self-checkout has become an increasingly popular strategy for retailers, and Skip is a leading innovator in this field, offering sleek, easy-to-install kiosks and mobile checkout solutions.
By integrating Skip's self-checkout solutions with Standard AI's Vision OS^ platform, Standard AI is offering retailers a unique opportunity to combine the benefits of self-checkout with AI-powered autonomous checkout. This integration will provide retailers with a clearly-defined path to an autonomous future while also providing immediate relief from labor pains.
Standard AI's Vision OS^ platform is leading the way in transforming existing stores into checkout-free retail experiences with groundbreaking insights about store operations. Standard Checkout™, a part of the Vision OS^ platform, offers the fastest and most accurate time-to-receipt in the industry, giving shoppers a seamless checkout experience.
The combination of Skip's self-checkout solutions and Standard AI's Vision OS^ platform will provide retailers with flexibility and unprecedented power in addressing varying levels of retail needs. Retailers can choose to get Skip as a standalone option for stores that need a fast and inexpensive self-checkout unit, or they can choose the option for a Skip kiosk together with the Vision OS^ platform for instant relief from labor challenges and a transformed retail experience. This powerful combination will support the entire shopper base, alleviate labor challenges, unlock an unprecedented level of analytics and insights, and won’t require sacrifices around shrink or customer experience.
In conclusion, Standard AI's acquisition of Skip is a significant move in the retail industry as it offers retailers a powerful solution for addressing labor challenges while also transforming their stores into checkout-free retail experiences that shoppers love. The combination of Skip's self-checkout solutions and Standard AI's Vision OS^ platform will bridge the gap between self-checkout and autonomous retail, providing retailers with flexibility, unprecedented power, and a clearly-defined path to an autonomous future.