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日経クロストレンド:  AIの指示で売り上げ最大約40%増 駅ナカ自販機のAI革命

Mar 30, 2021 | By

Nikkei

駅構内などで自動販売機を運用するJR東日本ウォータービジネス(東京・品川)が、AI(人工知能)を活用して売り上げ向上、オペレーション最適化を図っている。AIの指示で品ぞろえを見直した自販機では、比較対象機と比べて最大約40%の販売増を記録。コロナ禍で移動需要が減少する中でも、好調な実績をたたき出している... learn more
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HIVERY makes the Microsoft Retail Innovation Club!
Mar 10, 2021 | By

HIVERY

Microsoft has officially launched the Microsoft Retail Innovation Club. Discover HIVERY and 28 other innovators from Australia and around the world new technologies that are disrupting stores, supply chains, customer and employee experiences. From March to May 2021, you can access a series of videos showcasing what’s new from 28 of the industry’s most disruptive thinkers – and we’re very proud to be part of this club. Available on-demand for a limited time only, secure your spot! Visit the club
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NSW Treasury & HIVERY are going global
Mar 04, 2021 | By

NSW Treasury

HIVERY is a multi-award winner pioneer of hyper-local retailing, combining artificial intelligence (AI), operations research, and human-centred design to help consumer packaged goods (CPG) manufacturers and retailers generate a return on physical space investments. NSW Treasury’s Global Markets team wanted to capture the story of what HIVERY is doing in international markets, especially in Japan and our participation in the NSW Going Global Program and Japan Innovation Leaders Summit 2021 HIVERY is only one of two companies in all of NSW to be selected to be part of this exciting program. What a great honour, and to celebrate and share our story, the team at NSW Treasury’s Global Markets have produced this video.
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豪州AIスタートアップHIVERYがJR東日本ウォータービジネス社と事業展開〜「HIVERY Enhance」をエキナカ自販機に本格導入〜
Dec 23, 2020 | By

Nikkei

実証実験では最大50%※以上の売上増加も!全体では5.27%※の増加を記録!! 飲料補充の効率化で、業界の働き方改革も実現! ※近似環境でAIシステムを使用しなかった自販機との同一期間比較 ... learn more
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Hivery, an Australia based artificial intelligence provider, will roll out its AI driven vending machine management solution to 6,000 machines across East Japan Railway's train stations, according to a press release.
Dec 17, 2020 | By

Vending Times

The two companies have been collaborating since 2017, leveraging Hivery's AI technology to optimize product assortment and column space for individual vending machines in Japan. Validated results from proof of concepts increased sales by 5.27%overall, up to a maximum of more than 50%, as well as reducing replenishment trips and improving operational productivity... learn more
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Australian AI startup, HIVERY, partners with JR East Water Business to optimize vending machines in Japan.
Dec 09, 2020 | By

HIVERY

Retail AI pioneer, HIVERY (headquartered in Sydney, Australia) and JR East Water Business (headquartered in Tokyo, Japan), a subsidiary of East Japan Railway Company, have agreed to rollout HIVERY Enhance - an AI-driven vending machine optimization solution, to 6,000 vending machines across East Japan Railway’s train stations. Validated results from numerous PoCs (proof of concepts) increased sales by 5.27% [1] overall, up to a maximum of over 50%, as well as simultaneously reducing replenishment trips and improving operational productivity.  HIVERY and JR East Water Business have been collaborating since 2017, leveraging HIVERY’s latest AI technology to optimize product assortment and column space for individual vending machines in Japan. During the winter of 2019, the results of HIVERY Enhance showed an overall increase in sales volume by 5.27%, up to a maximum of over 50%. Furthermore, given labor storages due to a declining population, there has been growing pressure to improve operational productivity within the Japanese vending industry. HIVERY Enhance enabled JR East Water Business to streamline operations and reduce replenishment trips by automatically recommending the optimal product assortment and quantity for their vending machines. Based on this success, JR East Water Business has agreed to rollout HIVERY Enhance across 6,000 vending machines on their train stations for East Japan Railway - a first in Japan. Until now, product assortment selection had been decided by individual operators (drivers) who are responsible for replenishing the vending machines at their designated locations. Given those decisions have been based on the operator’s accumulated experience and intuition over many years, it has been an ongoing challenge to transfer that knowledge to new operators and maintain a level of quality. HIVERY Enhance leverages the power of AI and JR East Water Business’ point of sales (POS) data, to automatically determine which products need to be stocked in which vending machine, as well as the optimal timing to swap products for individual machines. This enables any operator to efficiently make the right product assortment choices that will lead to a profitable outcome. HIVERY Enhance helps to: Select products that are likely to sell well – By analyzing the vast amount of sales data from the full fleet of vending machines, it identifies patterns in the sales data and identifies products that are likely to sell well in any particular location. Optimize product assortment - By understanding the demand for individual products and the effects of cannibalization of demand between products in each location, it can determine which products should be inserted and which should be taken out, to lead to the optimal outcome. Reduce replenishment trips - From the demand forecasts of products in any location, it can calculate the number of days before each product is likely to go out of stock and recommend the optimal quantity and column allocation to maximize the time between replenishment trips, thereby reducing labor costs. Optimizing a group of vending machines - Rather than only focusing on individual vending machines, it can also assess a group of banked vending machines in the same area at the same time, and optimize the products for the entire area as if it were one large vending machine. By ingesting vast arrays of data and incorporating intricate operational rules as well as physical and business constraints into its algorithm, HIVERY Enhance can instantaneously provide executable recommendations for the optimal product assortment and column configurations for both an individual as well as a group of vending machines. Furthermore, by leveraging weather data, it can respond to changes in seasonal patterns and suggest the optimal time to insert hot and cold products, while taking into account the effects of cannibalization for the product mix at each location, thereby providing the optimal product assortment at any given time. Voice of the customer: In March 2018, HIVERY invited JR East Water Business’s Vending Division team to its Sydney headquarters to meet with one of HIVERY's first customers, Coca-Cola Amatil, to exchange ideas and share their experience and best practice for implementing cutting edge technology for their respective vending businesses. “We believe the combination of the rich human experience of our operators cultivated over many years and the utilization of big data is our greatest strength.  With HIVERY Enhance, we can realise that vision, and we aim to establish a new platform for our vending machine operations that will help us recover from the impact of this year’s pandemic, as well as improve worker productivity which has been an issue for us for many years.” ~ Yuta Higashino, Manager at JR East Water Business Moving into category management: the $US900[2] billion opportunity. HIVERY Enhance is just the beginning. HIVERY has released its new offering - HIVERY Curate - The world’s first truly hyper-local category management solution, helping companies like Coca-Cola and Walmart transform category management. HIVERY Curate delivers store-level recommendations with sophisticated self-learning AI algorithms that discover buying patterns at each store and make product assortment and space recommendations from this, resulting in a 10X return on investment to date. About HIVERY  HIVERY is a multi-award-winning pioneer of hyper-local retailing, combining Artificial Intelligence (AI), operations research, and human-centered design to help Consumer Packaged Goods (CPG) manufacturers and retailers generate a return on physical space investments. HIVERY is transforming category management and retail trade promotion, with innovative algorithms sourced from Australia's national science agency - CSIRO's Data61. HIVERY is venture-backed and headquartered in Sydney, Australia, with offices in the USA and Japan. HIVERY was founded on the vision that Data Has A Better Idea[TM] - and we’re working together with our clients to uncover its full potential. Innovation Leaders Summit Tokyo (ILS) 3rd~12th March 2021 HIVERY has been selected by Austrade (The Australian Trade and Investment Commission) and the NSW Government of Australia, as one of 2 promising startups to participate in next year’s Innovation Leaders’ Summit.  Details of the event can be found here: https://ils.tokyo/ For Media contacts: HIVERY Japan K.K.  Country Director Hideaki Yoshimura hideaki.yoshimura@hivery.com HIVERY media release English version Japanese version JR East Water Business Co media release Japanese version only Footnotes: [1] Compared to vending machines not leveraging HIVERY Enhance during the same period. [2] “Out of Stocks, Out of Luck How Retailers Alienate Customers and Lose Billions Due to Poor Inventory Practices” IHL Group 2018, G. Buzek
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Future of retail, category management and AI (video)
Oct 30, 2020 | By

Phil Lempert

Expert food industry analyst and journalist, Phil Lempert, has a candid conversation with HIVERY's CEO, Jason Hosking, on future of retail, category management and AI. Watch this episode of Lost in the Supermarket... watch video
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How an Aussie analytics start-up is helping retailers with ROI
Oct 29, 2020 | By

Retailbiz

HIVERY is taking data science to the next level by adding an additional layer with prescriptive analysis – what should happen – removing human effort to understand the data, as well as human bias that sways future decision-making....read more
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HIVERY to present at Databricks APAC Industry Leadership Forum
Oct 14, 2020 | By

Retail World Magazine

On Thursday 15 October, Technical Officer at HIVERY, Andy McQuarrie and co-founder, Matt Robards will be speaking at the Databricks APAC Industry Leadership Forums. Backed by The Coca-Cola Company, CSIRO and Blackbird Ventures, HIVERY is pioneering hyper-local retailing.... read more
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