New SeeWare® distributed machine learning-based Vynamic® Smart Vision point-of-sale solution simplifies in-store checkout for accurate, frictionless self-service transactions
NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) — SeeChange Technologies, a leader in retail-focused machine vision AI technology, today announced a partnership with Diebold Nixdorf, a world leader in designing, enabling and operating of relevant consumers and retail staff travel, to launch the first in a series of AI-powered self-checkout (SCO) solutions. Diebold Nixdorf’s Vynamic® Smart Vision uses SeeWare® machine learning to recognize fruits, vegetables, baked goods and items without a barcode. Diebold Nixdorf will demonstrate Fresh Produce Recognition at NRF’s Big Show 2023, taking place in New York City from January 15-17.
Diebold Nixdorf has adopted SeeWare, SeeChange’s next-generation recognition platform, as its core technology integrated directly into Vynamic® Smart Vision, part of the Vynamic® self-service platform. Using artificial intelligence in SeeWare, SeeChange’s edge-to-cloud AI platform, Diebold Nixdorf has enabled embedded machine learning application to recognize products, reducing self-checkout friction for a better shopper experience. By improving the speed and accuracy of SCO, Vynamic Smart Vision also frees up staff time for other tasks, reduces inventory management, and increases sales volume and profitability.
“Our partnership with Diebold Nixdorf is the next step in the evolution of self-service checkout – an intelligent SCO system that uses visual recognition and artificial intelligence to recognize purchases,” said Jason Souloglou, CEO of SeeChange. “Fresh Produce Recognition is just the beginning of a new generation of SCO technology that simplifies customer checkout, reduces transaction times and reduces shrink for retailers.”
Diebold Nixdorf selected SeeWare for its unique modular and scalable architecture. SeeWare allows new applications to be added quickly in response to changing market needs. This flexibility and scalability made SeeChange the only provider capable of meeting Diebold Nixdorf’s requirements for future-ready AI technology to power its ever-evolving retail point of sale (POS) systems. By adopting SeeWare, Diebold Nixdorf is able to maintain market-leading functionality and performance for POS.
Matt Redwood, Vice President of Retail Technology Solutions at Diebold Nixdorf, said: “More and more retailers are looking for efficient solutions that reduce friction points, improve the consumer experience and drive greater checkout efficiency. The difficulty arises when doing this while keeping solutions open and flexible to anticipate future changes. SeeChange exactly fits our solution philosophy of Modularity, Openness and Availability, an approach that allows for agility and flexibility when innovating.”
“SeeWare enables SeeChange to bring machine vision models to the field where it can make the biggest difference for partners like Diebold Nixdorf, but also for their customers and their customers’ customers, like me and my wife. As investors, but also as real life beneficiaries, we are very excited to see this technology start to have an impact,” said Krishna Visvanathan, General Partner at Crane Venture Partners.
About SeeChange Technologies
SeeChange Technologies is a world leader in real-time AI-powered recognition systems, with expertise in making complex, cutting-edge AI technology easy to deploy and scale in the real world. SeeChange was founded in 2018 as a subsidiary of Arm, becoming independent in 2021 with an investment of Crane Company Partners. With an initial focus on retail solutions, the company is engaged with many of the world’s leading retailers and retail technology providers.
SeeChange is on a mission to help humanity thrive through the power of Visual AI technology and create something of real value, guided by strong ethical principles and driven by the belief that technology serves people, not the other way around.
For more information visit http://seechange.com.
About Diebold Nixdorf
Diebold Nixdorf, Incorporated automates, digitizes and transforms the way people bank and shop. As a partner to most of the world’s top 100 financial institutions and the world’s top 25 retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers every day. The company has a presence in more than 100 countries with approximately 22,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.
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