Category: Image Recognition Software

Image Recognition: Preparing The World For The Tech That Knows What You Want

Image recognition technology has been in development for some time now. Recent advances in certain key companies have brought forth the newest in the tech advancement. Mark Zuckerberg, CEO of Facebook, stated the the social network intends to “build systems that are better than people in perception.”

There is even a technology in the works that will help the blind to see by describing images to them in detail. Image recognition has quickly become integrated into many existing technologies we already use. Vehicles use it in their cameras, facial recognition in cameras and computers, gathering knowledge from untagged photos and much more than this – Slyce – Visual Search, Image & Product Recognition.

With the current uses of open source, deep learning technologies, coupled with the easier to use application tools, the tech is evolving in leaps and bounds. All forms of AI are going to be accelerating in the ways they can be implemented in business of all kinds. The deep learning tech in development is created with the human brain in mind. By doing so computers are able to identify what’s in an image faster and more accurately than ever before. After pouring through millions of photos tagged with various labels, the computers are able to identify an image with ease.

Some AI systems such as Pascal VOC contain fewer reference pictures in the tagged photo database. However, each of the images has a higher number of detailed annotations for the system to detect and process. This design setup frees up the (computer’s subtasks) which can lead to slower processing speeds. The process in general gets a speed boost, so to speak. Open source pictures also make it possible for companies like Google or Facebook to compile all of the images posted for free. This gives them an almost endless supply of images to pour over and increase the AI’s potential identifiers.

Another company in the game of AI advancement is Slyce. They are looking to turn your devices into technology that interacts with all you see and touch. The company is striving daily to become the standard for image recognition customer engagement( Their Universal Scanner is a straightforward solution to image recognition. It is the best available due to combining the best of their competitor’s tech all in one platform. With it you can scan any real world image, QR code, bar codes or coupons on the fly. Slyce is looking to break new ground in image recognition technology.

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Slyce Makes a Huge Power Move

These are truly exciting times for the visual  search platform Slyce Inc. (TSX VENTURE:SLC) They announced a new and improved contract with one of their existing Fortune 500 retailers. The company, which is a major toy retail outlet within the United States and the rest of the world, announced that they had doubled their contract with Slyce. In a nutshell, this is a great day for Slyce because this partnership will essentially double their revenue for their digital search and coupon-related services over the term of the contract.

Another reason this has been an extremely important week for Slyce would be in the fact that they have recently developed a new proprietary retail technology solution called “Slyce Link.” This platform, which has been in development for over a year, is now in beta mode and will enable retailers to expand their marketing capabilities by showing products that are visually similar to what the customer was searching for. The Slyce Link apparatus is designed to increase sales and serve as an aid in preventing cart abandonment on an online platform.

Slyce Link has been the recipient of some great feedback from the retailers who have integrated it into their online platform. Part of the reason for this would be in the fact that the software uses visual relevance analysis in an effort to offer the potential customer an extremely relevelant alternative.

Slyce CEO Mark Elfenbein is highly aware of the cart abandonment problem. “Current statistics show that cart abandonment in the online retail markets is anywhere from 75% to 85%,” he said. “We developed Slyce Link to help consumers who have ‘purchasing interest’ and to help retailers who want to close more sales.”

Originally introduced in a Market Wired article, the Slyce Link program offers broad alternatives under such categories as “You May Also Like”, “Show Me Similar” and “Find Similar”.