Artificial intelligence system for convenience stores
JSC "Magma solutions" is implementing a project with the goal to create
artificial intelligence based system for convenience stores based, which will be able to
intelligently plan the store's assortment and inventory and enable the store to work 24/7.
Having many years of experience in conducting R&D projects and analyzing retail
problems, JSC "Magma Solutions" anticipates their solutions, and therefore develops an
innovative artificial intelligence system for quick shopping stores. The main focus is
enable shopping without queues, cash registers, self-service or scanning machines. An
automated digital artificial intelligence image processing system, working together with
smart shelf sensors, can analyze people's actions in real time, recognize the goods they
pick up and assign them to the buyer, without human intervention. The application
possibilities of the system are wide - data analyzed in real time not only enables the
trading points to operate around the clock without store staff, but also provides solutions
for assortment, inventory and price management.
The start of implementation of project activities 2020-07-13
The End of implementation of project activities 2023-10-30
Amount of project costs 1 438 571,68 EUR
Funding allocated 858 671,16 EUR
The project is financed by the own funds of JSC "Magma Solutions" and the funds of
the European Regional Development Fund in accordance with the 2014-2020 European
Union funds investment action program measure no. 01.2.1-LVPA-K-856 "Experiment".
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