With the asset acquisition of MarketLab’s shelf audit automation technology, Scandit is positioned to provide an efficient hybrid data capture approach for retailers to maximize sales and optimize on-shelf performance. Based in Poland, MarketLab’s expert team will join Scandit to build and expand the new offering.Scandit is the leader in smart data capture solutions designed to empower workers, customers and businesses by providing actionable insights and automating end-to-end processes. Its Smart Data Capture platform enables smart devices to interact with physical items by capturing data from barcodes, text, IDs and objects with unmatched speed, accuracy, and intelligence. In pursuit for further growth, the startup has acquired the shelf audit automation technology from MarketLab, a Polish image recognition and AI software company specializing in the retail industry. MarketLab’s expertise in fixed camera solutions complements Scandit’s existing ShelfView mobile capture approach to provide a hybrid data capture shelf intelligence solution for retailers. The global retail sector loses approximately $634 billion annually due to problems with on-shelf availability alone, according to research from IHL Group

MANCHESTER, England--(BUSINESS WIRE)--Inventory distortion was projected to cost retailers $1.77 trillion in 2023. To combat this, businesses are turning to AI to optimise their inventories to avoid missed sales and reduce capital tied up in excess stock. Today, to demonstrate the reliability of its AI applications and certify that AI adoption doesn't need to be a high-risk venture, Peak has launched a performance guarantee for inventory availability. Peak enables businesses to forecast, order and balance optimal stock levels across a network. With the performance guarantee, Peak will reimburse the cost of the customer’s AI application if the overall availability for products across their network falls below an agreed rate over the course of the guarantee period. The performance guarantee is particularly important for organisations looking to reap the benefits of AI without the perceived risk that new technology brings

Research analyst IHL Group reports that investments in cybersecurityand IT managed services result in increased business profitability.FORT WAYNE, Ind., April 2, 2024 /PRNewswire/ -- Corsica Technologies, a leader in Cybersecurity and IT Managed Services, has released an illuminating study that sheds light on the current landscape of technology outsourcing in midmarket companies. Conducted by IHL Group, a renowned market research firm, the study delves deep into the challenges faced by midmarket organizations and the strategic solutions they deploy to meet their technology needs.In today's rapidly evolving technological environment, midmarket companies grapple with meeting the demands of both internal operations and external customer expectations. From cybersecurity to data integration, the complexity of technology requirements presents significant challenges.Many organizations turn to outsourcing as a viable solution. But how do they navigate this landscape effectively? What are the critical pain points, and how can they choose the right outsourcing partner?The study, titled The Rise of Strategic Outsourcing in Cybersecurity and IT, uncovers critical insights gleaned from a comprehensive survey of CIO and CTO respondents at midmarket companies across industries such as retail, manufacturing, healthcare, education, hospitality, finance, and others.Among the key findings are 11 trends that provide a detailed snapshot of the state of technology outsourcing today:Investment Disparity in Cybersecurity: Top-performing companies invest 285% more in cybersecurity than their below-average counterparts, highlighting the correlation between the investment in cyber security managed services and sales growth. Talent Shortage in IT and Cybersecurity: Skilled IT and cyber talent are increasingly difficult to find and retain, with 42% of companies citing IT staff availability as a top pain point. Profit Growth and IT Staffing Coverage: Companies that successfully address IT staffing challenges experience 125% higher profit growth, emphasizing the importance of investing in technology experts