>> WELCOME BACK TO CHEDDAR'S
OPENING BELL TODAY'S EDITION OF
CREATING CONNECTIONS IS POWERED
BY A TEENSY BUSINESS INTERNET
DEDICATED
INTERNET ACT SINCE THAT ALLOWS
US TO BRING THE NEWS TO YOU
STARTUPS DEVELOPING A THOMAS
ROBOTS HAVE SEEN THEIR USAGE
RISING GROCERY STORES
WAREHOUSES AND HOSPITALS AMID
THE PANDEMIC JOINING US NOW IS
SPRING SPEIZER SERIAL
ENTREPRENEUR AND CEO OF AI
PERMITS HOLLA THANK THANK YOU
SO MUCH FOR JOINING FIRST UP
HERE IN THE 1ST QUARTER OF 2
2020 TECHNOLOGY COMPANY BRAIN
OF 13% INCREASE IN AVERAGE
DAILY USAGE POWERED ROBOTS IN
RETAIL IT PATIENTS SO WHY DO
YOU THINK THIS TAX HE IS REALLY
INCREASING IN PICKING UP DURING
THE PANDEMIC.
>> SO WOULDN'T SAY THIS IT'S A
SURPRISE WHEN YOU LOOK AT IT, I
MEAN THE OBVIOUS ANSWER IS YOU
KNOW THERE'S LESS PEOPLE
IN STORES. BUT WHAT PEOPLE
REALLY WANT IS THEY WANT THE
SECURITY AND SAFETY
A GOOD EXPERIENCE WHILE THEY'RE
IN THE STORE SO THEY WANT TO
MAKE IT MORE EFFICIENT WE WILL
MAKE IT EASIER TO TO FIND WHAT
THEY'RE
LOOKING FOR THEY WANT TO SPEND
LESS THAT
THEY WOULD NO BROWSING AND MORE
TIME JUST
ACTUALLY SHOPPING IN ORDER TO
BUILD UP THEIR CONFIDENCE TO
GET BACK OUT THERE AND SORT OF.
GET AS CLOSE TO NORMAL AS
AS THEY WERE PRIOR TO THEIR TO
THE PANDEMIC.
>> SUCH GOOD POINTS HE TALK
ABOUT EFFICIENCY BUT WHAT ARE
SOME THE OTHER BENEFITS OF
ROBOTS AND THE RETAILER SPACE.
>> OKAY SO THERE'S A FROM THE
STORE SAID THE FIRST IS THAT
YOU KNOW YOU'RE YOU'RE TAKING
THE REPETITIVE TASKS THAT BURN
YOUR EMPLOYEES OUT. AND
YOU'RE YOU SO THIS SHIFTING
INTO ROBOTS WHERE IT GETS
EASIER TO
TAKE INVENTORY. SURE THE
QUALITY OF THE STORE CERTAIN
THINGS KNOW WHAT WHEN YOU KNOW
WHAT IS THE CONDITION AND
QUALITY THE STORM ITSELF.
FOR TO LOW KEY SOMETIMES HAVE
TO GO AROUND AND YOU HAVE TO
LOOK FOR SOMEONE TO HELP YOU.
THAT'S NOT A GREAT
EXPERIENCE IF YOU CAN'T FIND
SOMEONE BUT THE ROBOTS REALLY
GOOD FOR THAT AND WHAT I USE IT
FOR MYSELF QUITE A
BIT IS IF I'M GOING TO CHECK A
PRICE OR I'M NOT SURE IF
THERE'S A ROBOT. I MEAN I I
LIKE
PEOPLE HAVE YOU A PEOPLE
PERSON, BUT THERE'S A ROBE OUT
THERE AND I CAN WALK OR JUST
CHECK THE PRICING ALL I'LL DO
THAT BECAUSE IT'S
SO EASY.
YOU KNOW THE STORES CAN ALSO
USE THAT DATA TO THEN SORT OF
FIND OUT. WELL, YOU KNOW, I'M
BUYING THIS IN THIS AREA AND
I'M LOOKING FOR A CERTAIN TYPE
OF A THING
MAYBE THERE'S OTHER WAYS THAT
THEY CAN HELP ME AND I THINK IN
GENERAL IT'S SORT OF A WIN-WIN
BECAUSE YOU YOU
SORT OF THEN CAN DEPLOY OR
WORKERS TO HELP UP SO A MOVE IN
THE VALUE CREATION ACTIVITIES
AND NOT GETTING OUT OF BED
TODAY IN DOING REPETITIVE
THINGS AND AND CUSTOMERS ARE
GETTING WHAT THEY WANT WHEN
THEY WANT IT WOULD IS REALLY
THE OBJECTIVE OF A GOOD
CUSTOMER EXPERIENCE.
>> WHILE WE'RE ON THE SUBJECT
OF THE RETAILERS FACE WHAT
KINDS OF ROBOTS ARE WE TALKING
ABOUT.
>> SO THERE'S A FEW THERE'S A
SECURITY AND QUALITY
ASSURANCE SPOTS, YOU KNOW THE
MAKING SURE THAT ANTI-THEFT
MAKING SURE THAT THERE
THERE ARE YOU VARIATIONS OF
THINGS THAT THEY WOULD YOU KNOW
THINGS AND DOWN AISLES THAT
THEY CAN CHECK THE CAR ALL THE
OF THE STORE IN GENERAL THERE'S
PRICE JACKPOTS AND OF
YOU MAY NOT KNOW IF YOU'VE
ACTUALLY BEEN SAYS INNOCENT BY
RELATIONSHIP WITH THE ROBOTS
FOR QUITE
SOME TIME. WHENEVER YOU GO TO A
STORE AND YOU'RE USED TO SELF
CHECK FACILITY BECAUSE
THAT MAY NOT SEEM LIKE ROBOT
WHERE YOU'RE ACTUALLY SORT OF
POWERING HALF OF THAT THE
SOURCE OR ANOTHER
HAVE SO IT'S IT'S NOTHING TO BE
SHOCKED BY IT'S JUST A NATURAL
PROGRESSION OF US MOVING AND
TOWARDS A MORE HELP
SYMBIOTIC RELATIONSHIP WITH THE
MACHINES.
>> THE QUESTION FOR YOU WHAT'S
THE DIFFERENCE BETWEEN
A ROBOT I AND HOW CAN THESE TO
BE COMBINED HELP RETAILERS.
>> THAT'S A GREAT QUESTION AND
I'M GLAD THAT YOU'RE
ASKING SO A ROBOT IS BASICALLY
A MACHINE IS PROGRAMMED TO DO A
TASK AND IT MAY OR MAY
NOT LEARN. BUT IT BASICALLY CAN
CAN DO SOMETHING THAT A HUMAN
OR SOME OTHER TIME LABOR WOULD
DO OR WOULD CARRY OUT.
I IT LEARNS AS IT GOES AND
TRIES TO
VECTOR TOWARDS GETTING THE
RIGHT OR THE PERFECT AND
SOMETIMES YOU CAN BUY AN AI
WITH ROBOTS AND AND EYES JUST
USE FOR THE COMP THE STOLEN
CAR. TASKS THE ROBOT
ITSELF IS IT IS SORT OF BE
INTERFACE WITH THE NATURAL
WORLD THAT CARRIES OUT THE
INSTRUCTIONS SAID BUT ROBOTS
DON'T NECESSARILY HAVE TO LEARN
SO YOU
IF YOU HAVE A
REPETITIVE JOB CUTS ARE CAUSING
AN ECONOMIC YOU KNOW STRAIN ON
YOUR WORKERS. AND YOU'RE SORT
OF PUTTING TIRES AND A CERTAIN
SPOT THAT MIGHT BE ALL THAT
ROBOT DOES ROBOT CERTAINLY AND
ARE GOING TO BE COMBINED
WITH AI IT'S JUST IT'S REALLY
IMPORTANT TO KEEP THOSE TO
THINK DIFFERENT THAT'S A GREAT
QUESTION AND SOMETHING THAT THE
PEOPLE TO YOU
KNOW IT AT THE FRONT OF THE
MIND GOING FORWARD I DOES NOT
EQUAL EYES BEES WE
ARE LEARNING AND SALT IMPROVING
SYSTEM AND ROBOTS OR THE
MECHANISM BY WHICH YOU CARRY
OUT THE ATTACK.
>> SO INTERESTING I FEEL LIKE
I'VE LEARNED SO MUCH TODAY
RANKS PFIZER CEO OF SOLID.
THANK YOU SO MUCH FOR