Are 'Just Walk Out' stores a thing of the past?

Amazon recently announced the removal of its 'Just Walk Out' technology from Amazon Fresh grocery stores in the U.S. This move has sparked questions about the viability of this technology in real-life retail settings and whether other retailers will follow suit.

While 'Just Walk Out' appears fully automated from the outside, it relies on a combination of cameras, sensors, and human monitoring. Reports suggest that manual checks are essential for ensuring accurate checkout processes and addressing security concerns, especially regarding theft.

In response to increasing theft concerns, many retailers are scaling back on self-checkout options. For instance, Target recently announced limitations on the number of items that can be scanned through self-checkout.

Although 'Just Walk Out' technology will continue to be used in Amazon Go and some smaller Amazon Fresh stores, the decision to remove it from larger Amazon Fresh locations in the U.S. underscores the challenges faced by cashier-less systems.

While Amazon remains a dominant force in online retail, its impact on brick-and-mortar stores is still in its early stages. Therefore, the removal of 'Just Walk Out' technology may not significantly influence other retailers or the future development of similar technologies.?

Despite these challenges, self-service and 'Just Walk Out' stores continue to have potential. As consumers increasingly favor convenience, the technology is likely to evolve, leveraging advancements in AI and automation to address existing challenges and enhance the shopping experience.

How can AI facilitate market expansion?

As retailers look to expand globally, they encounter numerous challenges. One of the biggest hurdles involves adapting their business model to new markets, extending and adjusting their supply chains, and navigating local regulations.

Local regulations, such as customer protection laws, VAT regulations, and fiscal laws, dictate how retail processes should be structured and how underlying IT systems must comply.

However, identifying and understanding these regulations, let alone implementing them effectively, can be daunting. This is where AI can play a crucial role.

For instance, Company Fiscal Solution has developed 27 separate chat GPTs, each tailored to the fiscal law requirements of a specific country. These AI models have been trained using over 400 relevant documents and 650 news articles from 2023.

These chat GPTs are freely available to everyone through the official GPT store. Moreover, to ensure their accuracy, Fiscal Solution includes ongoing maintenance of the GPTs as part of their standard processes.

By leveraging these AI solutions, retailers and POS software vendors can save time, reduce costs, and expedite their expansion efforts significantly.

Latest updates on e-cash register in Hungary

Fiscal Solutions is renowned for providing invaluable insights into fiscal requirements on a global scale. This time, we're excited to host an engaging webinar focusing on Hungary's new fiscal regulations.

Recently, Hungary announced the introduction of new e-cash and e-receipts, prompting retailers and POS software providers to stay informed about the latest changes.

During the webinar, we'll cover crucial topics such as the regulations surrounding new e-cash registers, the required receipt format, and essential compliance rules.

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Whether you're a retailer or a POS software provider, staying updated with these regulations will not only enhance your business operations but also ensure compliance with the latest standards. Don't miss out on this opportunity to expand your knowledge and stay ahead in the ever-evolving fiscal landscape."

To register use the following link .