Trax Technology Solutions has been granted a patent for a system that automatically identifies when to withhold notifications regarding planogram discrepancies in retail stores. The system utilizes image data and machine learning to analyze product placements and determine if a notice-override condition exists before issuing notifications. GlobalData’s report on Trax Technology Solutions gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Trax Technology Solutions, Targeted advertising was a key innovation area identified from patents. Trax Technology Solutions's grant share as of July 2024 was 40%. Grant share is based on the ratio of number of grants to total number of patents.
Automated system for managing retail planogram compliance notifications
The patent US12056756B2 describes a sophisticated system designed for retail environments that processes images captured by multiple sensors to manage planogram compliance notifications. The system utilizes a processor to receive and analyze image data, identifying product types and their placements on shelves. By comparing this data against a stored planogram, the system can detect discrepancies in product placement. Importantly, it incorporates a notice module that determines whether to issue notifications about these discrepancies based on historical placement data. If a notice-override condition is identified—indicating that past misidentifications may have occurred—the system can withhold notifications, thereby reducing unnecessary alerts.
Additionally, the patent outlines various methods and configurations for enhancing the accuracy of the system. It includes provisions for analyzing past placements, considering employee experience levels, and utilizing inventory information to inform the notice-override conditions. The system can also adapt by learning from patterns of product availability and confusion, updating its algorithms based on new data. This approach aims to improve the efficiency of retail operations by minimizing false notifications related to planogram compliance, ultimately streamlining inventory management and enhancing the shopping experience.
To know more about GlobalData’s detailed insights on Trax Technology Solutions, buy the report here.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
