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HKSTP Firm Launches Smart Retail Store

Image Credits: HKSTP, Press Release

A partner company of Hong Kong Science and Technology Parks Corporation (“HKSTP”) recently announced the opening of its first smart retail shop, v-smart, in Hong Kong.

Customers can select shopping items through an in-store kiosk or the v-smart website, make e-payment and pick up their purchased items instantly in a streamlined and fully automated process.

This is made possible by deploying innovative smart robots for warehouse management and goods delivery from the back-of-house storage area to the front desk. Integrating e-storage, e-keeper, e-sales and e-cashier technologies, the v-smart system is set to redefine retail management and deliver an automated shopping experience.

Buoyed by the success of its fully automated warehouse, RobEx Centre, at Science Park since 2018, the firm has taken its smart warehouse system further and added robotics retail applications to operate the proof-of-concept store.

V-smart Robotic Shop Features Hong Kong

  • The first V-smart Robotic Shop Hong Kong, at Kowloon MTR Station, features home furnishing goods from a world-renowned brad at the first stage.
  • The v-smart shop provides 24×7 service and tracks inventories so that customers can collect purchased items immediately after placing orders.
  • The shopping process is simple and quick – customers can make orders via the v-smart website or in-store kiosk, and then pay by Octopus or mobile payment. When a customer scans the designated QR code for a purchase, the robot in the warehouse will deliver the purchased goods to the collection counter.
  • The click-and-collect process can be completed in less than a minute. Product samples and descriptions are displayed in the shop to let customers take a look at the physical products before purchasing.
  • Connected to IoT, v-smart can collect real-time sales and logistics data and present a full picture of customers’ consumption patterns and preferences. This enables retailers to make immediate changes to their inventory line-up to maximise sales.

The firm can also build tailored marketing campaigns such as social media promotions and special offers for the partners of v-smart. Partners can stock special offer items in the v-smart shop for target customers to collect at their convenience.

The CEO of the firm stated that the company’s smart warehouse RobEx Centre has been catering for the needs of the Science Park and neighbouring communities, and receiving an enthusiastic response since its opening last year.

The firm was inspired to develop the smart retail solution to address the manpower crunch in Hong Kong’s retail industry.

At the same time, the robotics solution will free up frontline staff to be more customer service-oriented. The v-smart shop is empowered by the Internet of Things (IoT) and big data analytics to optimise retail sales strategies.

They also have a leading retail brand as the partner for our first v-smart shop. Together they created a real setting for retail automation and testing the v-smart system, marking an important step forward to enhance automated retail and shopping experience.

The firm anticipates setting up 100 fully automated stores with the v-smart system in Hong Kong and Southeast Asia in a few years. It is believed that v-smart will redefine retail operations.

The CEO of HKSTP stated that HKSTP is working to foster the development of artificial intelligence and robotics technologies. The RobEx Centre at Science Park has proven to be an effective pilot and has demonstrated the firm’s smart warehousing technologies.

It is encouraging to see the firm extending the applications from the logistics industry to the retail sector. It shows that Hong Kong’s homegrown innovations can be applied to different industries successfully.

HKSTP has promised to continue to explore opportunities for its Park companies and connect them with industry partners to facilitate collaboration and industry adoption.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com