Scandit, the pioneer in smart data capture, announces the asset acquisition of shelf audit automation technology from MarketLab, a Polish image recognition and AI software company specialising in the retail industry. As part of the transaction, MarketLab's expert team will join Scandit to build and expand the new offering.
MarketLab's expertise in fixed camera solutions complements Scandit's existing ShelfView mobile capture approach to provide a hybrid data capture shelf intelligence solution for retailers. The global retail sector loses approximately $634 billion annually due to problems with on-shelf availability alone, according to research from IHL Group.
