Special Edition #AIEye - VSBLTY Groupe Technologies
Corp. (CSE: $VSBY.C) (OTC: $VSBGF) CEO Gives Insight on Global Reseller
Agreement with Sensormatic Solutions, Leading retail solutions portfolio of
Johnson Controls (NYSE: $JCI)
Point Roberts WA, Delta BC, September 30,
2019 Investorideas.com,
a global investor news source covering Artificial Intelligence issues a special
edition of The
AI Eye, reporting on recent news from VSBLTY Groupe Technologies
Corp. (CSE:VSBY) (OTC: VSBGF) (5VS.F), a leading retail software
and technology company using artificial intelligence.
VSBLTY Groupe Technologies Corp.’s (CSE:VSBY) (5VS.F) (VSBGF) recently-signed
exclusive Global Reseller Agreement with Sensormatic Solutions, the leading
global retail solutions portfolio of Johnson Controls (NYSE:JCI), could be the
former’s most significant to date.
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to the podcast:
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this in full at https://www.investorideas.com/news/2019/artificial-intelligence/09301AIEye-Interview-VSBY.asp
“It’s probably the most important deal the
company has done in the history of the company,” said VSBLTY co-founder and
CEO, Jay Hutton in a recent interview with Investorideas.com.
Hutton explained how the agreement
benefited VSBLTY in the reach gained from Sensormatic’s scope of operations.
“We brought innovation to the table, they
brought scale to the table,” he said. “They share our vision. We look at their
footprint and they have 185,000 technology deployments in brick and mortar
stores in over 105 countries, and every day 1.5 million data collection points
– that’s the current Sensormatic footprint.
Sensormatic has components for their solutions in 80 percent of the top
200 retailers worldwide in over 70 countries. It’s an ideal partner for us.”
But it certainly isn’t one-sided. Hutton
outlined the industry trend of established companies like Sensormatic
leveraging the innovations of more dynamic and agile smaller firms like VSBLTY.
“The large companies generally do not carve
the way in innovation,” he said. “It’s generally left to the smaller companies
to do that. But what’s interesting, is that the large companies tend to hover
around these interesting innovations and tend to align with these smaller
companies when it comes time to scale.”
To specify the point with regard to
Sensormatic’s market, Hutton described VSBLTY’s unique market position.
“We sit at the nexus of marketing and
security,” he said. “If you’re a retailer, among the things that are most
important for you right now is measuring the in-store experience. This comes in
multiple ways: measuring inventory, measuring the shopper experience, [and]
collecting big data for the purposes of analytics so that you may optimize, not
only the wallet – the amount of money people spend in retail – but of course,
understanding more about the shopper’s movement within retail.”
VSBLTY’s multifaceted application was
emphasized in the agreement’s press release
by Sensormatic Solutions Head of Strategy, Amin Shahidi, who commented:
"VSBLTY
is an important piece of our strategy as retailers increasingly rely on
in-store video analytics to not only understand and directly support the
shopper journey but also to provide another layer of context-based security and
loss prevention."
Companies like Sensormatic typically
leverage RFID (Radio-frequency identification) tags and EAS (Electronic article
surveillance) to combat shoplifting and shrinkage. Hutton spoke of how VSBLTY’s
solutions enhance the existing loss prevention and security measures without
replacing them. He highlights the application of the company’s Vector™ module,
which detect persons or objects of interest.
“That entire industry is changing,” he
said. “Not eliminating RFID, but augmenting RFID with computer vision. This is
exactly what Vector does for us.”
“Vector … looks for persons of interest,
can identify objects in a field of view, and provides a complementary
capability for security personnel. Vector uses artificial intelligence to take
multiple security feeds and look for anomalous behaviour within [them].”
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