Hello, everyone, this is Omnitalk Retail.
Speaker AI'm Chris Walton.
Speaker BAnd I'm Anne Mazinga.
Speaker AAnd we are coming to you live once again from fmi from the Symbi booth, where Symbi and Omnitok are retail's single source of truth.
Speaker AAnd standing between us, Ann is Benjamin Bond.
Speaker ABen is the VP of Strategy and Business Development at Symbi.
Speaker ABen, welcome to omnitalk and thanks for joining us at fmi.
Speaker CThank you for having me, Chris.
Speaker BIt's taking everything in Chris's power right now not to call you bond or 007.
Speaker BLook at his face.
Speaker BLook, look at.
Speaker BHave you seen anyone, any human being so happy in the Podcast ain't over.
Speaker AYet and Podcast ain't over yet.
Speaker BWell, Ben, let's start by getting a little bit of your background and your role at symby.
Speaker CYeah, absolutely.
Speaker CSo I lead strategy for Simbi, which is really focused on where is Symby going as a company and how are we going to get there, but then also, and more importantly, working really closely with our clients to make sure that they're getting the maximum value out of.
Speaker BOur technology and quickly.
Speaker BI think we've heard that a lot today about how people are thinking about, you know, it's kind of been reversed where now it's thinking about, you know, the technology and how you're going to bring people into that, like focus on the technology to help solve the problem and then how you bring the people into that.
Speaker BIs that something that you work with partners on too in your day to day conversations?
Speaker CAbsolutely.
Speaker CWe, we pride ourselves on being the industry leader in cutting edge technology and retail, particularly in store.
Speaker CRight.
Speaker CBut we are also very mindful of the balance between product and process and really thinking about how people are working in collaboration with our technology.
Speaker CAnd oftentimes there's very specific business nuances with our clients where we have to also meet them where they are.
Speaker CAnd so we're thinking about how can we help them evolve in their processes, but also do so in a very manageable way where they're going to be able to get the maximum value as quickly as possible and.
Speaker AOh no, go ahead.
Speaker BI was going to say, what's your background?
Speaker BHow did you get into this?
Speaker BHow did you get into this whole Simbi lifestyle?
Speaker CYes, yes.
Speaker CSo I spent my entire career in retail.
Speaker CI've always been very passionate about the space.
Speaker CI started in fashion and have worked at this point across basically every retail sector.
Speaker CI spent the majority of that time working for global consultancies like Accenture and Carney and during that time I was really focused on how do retailers create growth and giving them guidance on growth strategy, which would often go into the conversation of well, how do you then achieve that growth?
Speaker CWhat is the type of company that can get there?
Speaker BRight.
Speaker CAnd you're thinking about growth enablement, growth led transformations and oftentimes digitally enabled business models and thinking really, how are individuals within the company going to be able to leverage that technology to create that growth?
Speaker CRight.
Speaker ASo Ben, I'm curious because I imagine you sit across the table from a lot of retail executives in your role.
Speaker AHow would you sum up what you're hearing from them in terms of how they're thinking about both AI and particularly automation in store, both in the short term and in the long term?
Speaker CYeah, yeah.
Speaker CI mean everybody's so focused on AI these days and you know, the conversation around AI, I think often drifts towards gen AI.
Speaker AYeah, right.
Speaker CWhich is a very important.
Speaker AI'm glad you're making that designation.
Speaker CYes, it's a very important part of it.
Speaker CAnd when that's the conversation, it's all about quick wins.
Speaker CAnd I think there's this as they should be really thinking about experimentation and learning, but there's also a little bit of fear of not getting left behind now when the conversation shifts into automation.
Speaker CI don't know if all executives necessarily appreciate the linkage between the two and how much potential is being unlocked in automation because of all the progress in Genai.
Speaker CAnd so when we shift it to the in store context, we are working at the forefront of automation in store and in particular we're looking at all of those tasks which are incredibly monotonous when we're almost asking the store team to perform machine like tasks.
Speaker CAnd so we're taking that burden off of those team members and there's so much opportunity for those stores to not only execute better but also be more accurate.
Speaker CAnd that's the space that we're supporting them with.
Speaker BAnd Ben, what are some of those best practices?
Speaker BBecause I think it's easy to see say those things.
Speaker BBut what do retailers really need to be doing when they start a pilot or when they even further back, like in the strategy phase of like how are we going to measure this successfully?
Speaker CYes, yes.
Speaker CWell, so what's been interesting over the last year, particularly in the store intelligence arena, particularly leveraging computer vision, there's been this shift from is there value here to there is value.
Speaker CNow I need to figure out how am I going to get that value and when am I going to pursue it.
Speaker AOkay.
Speaker CAnd so what?
Speaker CSomething that's really important in those early days is to engage with partners that you trust and to go through the exercise of thinking about, based on my unique business construct, where is that value going to be and how big is it?
Speaker CAnd that's going to flow directly into, really, a prioritization element.
Speaker CAnd so a really common mistake is, you know, that the potential is so massive and this data can be used in so many different ways that you.
Speaker CYou get really big eyes.
Speaker CAnd actually, for the pilot to be a success, you need to really hone in on those two or three most important things.
Speaker BOkay.
Speaker CNail those really well.
Speaker CAnd then you're going to build confidence and momentum to move forward.
Speaker BGot it.
Speaker AAnd what.
Speaker AWhat is the value?
Speaker ASo if you were to.
Speaker AIf I was to hold a gun to your head, so to speak.
Speaker ANot that I would, Ben, but are.
Speaker BYou continuing on this bond theme?
Speaker ABut maybe if you're the bond, maybe you would to me.
Speaker ABut depends on the next question I'm gonna ask you.
Speaker ABut no.
Speaker AIf I held your feet to the fire, what is the value?
Speaker AAnd if you were to outline maybe one or two or three things that the retailer should.
Speaker AIf they're thinking about automation in store for the first time, this is what you should go after.
Speaker AThis is probably where I'd start kind of question.
Speaker CYeah, well, I mentioned the piece on execution and accuracy.
Speaker CI'll explain both.
Speaker CBut we always start with execution.
Speaker CThere's so many instances, particularly execution at the shop.
Speaker AYou're doing your job, basically.
Speaker CAnd particularly, how are we executing at the shelf?
Speaker CWe want to make sure we have the right product in the right place at the right time.
Speaker CAnd that's something that is really basic that retailers are doing every day, all day.
Speaker CBut it's not always efficient.
Speaker CAnd there's often a time gap and a very slight execution gap.
Speaker CSo we help to close that gap in a really easy and effective way.
Speaker AGot it.
Speaker ASo that's really important.
Speaker AI never thought about that, actually.
Speaker ASo that's really important.
Speaker ASo you're basically saying, like, let's just first come in and just understand how you're doing, what you're doing.
Speaker ALike, how well are you getting products to shelf?
Speaker CRight.
Speaker AHow often are they on shelf?
Speaker AAnd that doesn't impact the work you're doing as an employee in the store.
Speaker AAnything.
Speaker AYou're just putting the robot in, it's scanning the store, and you're getting a report card of performance.
Speaker AThat's essentially what you're saying.
Speaker AIt's a good way to think about it.
Speaker CYeah, we get that baseline.
Speaker CAnd then oftentimes the next step is actually taking activities that the store team is already doing.
Speaker CAnd we're just giving them better understanding as to when and how they should be doing those activities.
Speaker CAnd, and sometimes maybe changing the timing or exactly like the optimal routing of those activities.
Speaker BRight.
Speaker BWell, Ben, we've talked to some of your clients, we've talked to industry experts the last couple of days to really understand exactly what you're talking about, the case for deploying robotics in store and the benefits that come from it.
Speaker BBut I'm curious, like, where is it going next?
Speaker BWhat are the next things that once somebody has built the road already with in store robotics, how do they get more cars on that road and how do they get more throughput, more scale once they've deployed something like this?
Speaker CYeah.
Speaker CSo it's really present in our value case.
Speaker CAbout half the value is going to come from benefits in store.
Speaker CWhat is a little bit next in the sequencing is everything else that can be unlocked upstream outside of the store.
Speaker CAnd so then you're thinking about how is this data going to feed into various optimization engines and decisioning that we have across the business relating to merchandising, planograms, forecasting, allocation.
Speaker CAll of these are things that are going to.
Speaker CAbsolutely.
Speaker CThat's all going to benefit and that's sort of what comes next.
Speaker BOkay.
Speaker BAnd then Tally, Spot was recently introduced, adding a computer vision element into that.
Speaker BWe heard from one retailer, they're starting to use this in the back of house.
Speaker BHave you have heard of any other use cases or any other scenarios that you're like, oh, we didn't.
Speaker BThat wasn't like on our initial roadmap.
Speaker BBut this is working for them and they like it for this reason.
Speaker CThis data is so transformational that that almost happens to us daily.
Speaker BOkay.
Speaker CIn the case of Spot, what we're really excited about is it's kind of intuitive.
Speaker CYeah.
Speaker AExplain what Talispot is too robot as well, if you don't mind.
Speaker CSo Talispot is a fixed camera solution.
Speaker CSo it's basically a different type of sensor in the store.
Speaker CIt's different from tally, our core robotics platform.
Speaker CAnd so what's really intuitive for most retailers is that when they think about where is this technology going Long term, it's ubiquitous.
Speaker CYou kind of have whatever you want.
Speaker CIt's all over the store.
Speaker CYou're going to have a robot.
Speaker CThat's the most important piece for sort of the foundation and frequent high quality data.
Speaker CBut then you're going to layer on other sorts of capture modalities around the store, for example, a fixed camera or maybe a mobile handheld, et cetera, et cetera.
Speaker CSo this is where we know the industry is going, and we're choosing to lead in that journey, and that's why we're excited to say we're the only platform that is out there with multiple modalities.
Speaker BRight.
Speaker BThey all got to work together.
Speaker AThey do.
Speaker AThey do.
Speaker AAll right, man.
Speaker AWell, thanks for joining us today.
Speaker AThat was great, great conversation.
Speaker AI mean, you know, we're on record as saying 2025, the year of the robot, and I'm.
Speaker AI'm still here.
Speaker AI think the robot is going to leave the industry.
Speaker ANot just stirred up and.
Speaker ABut shaken, too.
Speaker BOh, my God.
Speaker AAll right, we'll be here.
Speaker AAll.
Speaker AWe'll be here.
Speaker AWe got one more interview coming your way.
Speaker BOne more left.
Speaker AOne more interview coming your way from fmi.
Speaker AThank you to Simbi for sponsoring our coverage here at the show.
Speaker AAnd until that interview, Anne.
Speaker BOh, be careful out there.