7-Eleven's Cashierless Store Uses Algorithms & Predictive Tech
Laura McQuarrie — February 5, 2020 — Business
References: 7‑Eleven & prnewswire
At its corporate headquarters in Irving, Texas, 7-Eleven is introducing a cashierless store for 7-Eleven employees that introduces a new ways for people to shop with ease. The 700-square-foot non-traditional store uses a combination of algorithms and predictive technology to identify individual customers and their purchases. The concept store itself is stocked with some of the most popular products sold at 7-Eleven, including items like snacks, drinks, groceries, over-the-counter drugs and non-food items.
For its cashierless store concept, 7-Eleven developed its own custom-built technology and is ultimately working towards creating seamless shopping experiences and faster transactions.
Once a 7-Eleven employee enters the cashierless store with an app, they only need to shop and exit, as their receipt appears in the application after they've made their exit.
Image Credit: 7-Eleven
For its cashierless store concept, 7-Eleven developed its own custom-built technology and is ultimately working towards creating seamless shopping experiences and faster transactions.
Once a 7-Eleven employee enters the cashierless store with an app, they only need to shop and exit, as their receipt appears in the application after they've made their exit.
Image Credit: 7-Eleven
Trend Themes
1. Cashierless Convenience - The introduction of cashierless stores using algorithms and predictive technology creates opportunities for seamless and efficient shopping experiences.
2. Predictive Technology - The use of predictive technology in identifying individual customers and their purchases can disrupt traditional retail models and improve transaction speed.
3. Custom-built Technology - The development of custom-built technology by 7-Eleven for their cashierless store concept highlights the potential for innovation in creating unique shopping experiences.
Industry Implications
1. Retail - The retail industry can leverage cashierless convenience concepts to improve customer experiences and streamline transactions.
2. Technology - The adoption of predictive technology in retail spaces opens up opportunities for technological advancements and data-driven insights.
3. Consumer Goods - The integration of cashierless stores in the consumer goods industry presents new possibilities for enhancing product accessibility and inventory management.
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