Accel Robotics' Valet Market is an autonomous community market that lets building residents shop for necessities at all hours via an app. This experience connects dwellers to everything from everyday conveniences and locally sourced produce to baked goods and coffee.
Thanks to the format of the store, people no longer need to wait in lines or use self-checkouts and Valet Market describes is described as "a great example of how real estate developers can meet the needs of modern consumers" by Brandon Maseda, CEO and co-founder of Accel Robotics.
Accel Robotics' store makes the most of tech such as computer vision, artificial intelligence, a patented camera-based AI system and shelf-level sensors to track products as they are removed in real-time. These checkout-free markets let shoppers enter, choose what they want to pick up and walk out.
Key Themes Behind This Trend
- Autonomous Shopping
- Technology-enabled autonomous shopping experiences are disrupting traditional retail by eliminating the need for lengthy checkouts, allowing consumers to select products and walk out.
- Community Markets
- Community-focused shopping experiences are emerging to meet the needs of consumers seeking accessible shopping options that provide locally sourced goods and convenient products.
- AI and Computer Vision Technology
- The use of AI and computer vision technology in retail spaces allows for the creation of frictionless shopping experiences, as shoppers are able to purchase products without interacting with a cashier or traditional checkout process.
Where This Applies
- Real Estate
- Real estate developers have an opportunity to meet the needs of modern consumers by incorporating autonomous community markets in apartment complexes and other developments.
- Retail
- Retailers have an opportunity to leverage AI and computer vision technology to create frictionless shopping experiences that increase convenience and boost customer satisfaction.
- Food and Beverage
- Food and beverage retailers have an opportunity to meet growing consumer demand for locally sourced produce and goods by stocking their shelves with these items and incorporating them into autonomous community markets.
