A2Z Smart Technologies Corp. announces formation of dedicated Big Data team
A2Z Smart Technologies Corp. reports that, as part of a move towards being a software, digital and data platform company focused on data-based value added services, it has established a dedicated Big Data team.
The aim here is to develop tools to identify, mine, and collect the data generated by Cust2Mate's smart carts platform.
"We are excited to introduce our Big Data team and harness the transformative power of data collected through Cust2Mate's smart carts," says Joseph BenTsur, CEO at A2Z.
"We believe that the monetisation of Big Data tools, products, and services will be a significant source of revenue for Cust2Mate. This initiative further solidifies our commitment to delivering innovative solutions and driving growth in the retail industry."
HaStok Concept
A2Z recently announced a new customer partnership with HaStok Concept, an Israel-based home design and household essentials chain with 40 stores across the country.
The tie up marks an expansion for A2Z's smart cart solution into a new vertical outside of grocery retail.
The purchase order is for 1,000 smart carts and is comprised of an upfront payment, a guaranteed monthly payment, and a revenue share agreement on added value solutions, such as advertising.
Every item placed in the smart cart is recognised and added to a displayed shopping list, allowing for real-time information and calculation of the total cost of the purchase.
The touchscreen and charging pad allow payment without cashiers and two way communication between the retailer and its customers throughout the shopping journey.
"We are thrilled to partner with HaStok and bring the significant benefits of our smart cart solution to Hastok and their customers,” says Guy Mordoch, CEO at A2Z's subsidiary, Cust2Mate.
"This new vertical is an exciting opportunity for A2Z to expand our reach and make shopping more convenient and efficient for consumers demonstrating value for any retail shopping, grocery and convenience stores."
Ofer Barak, CEO at HaStok, says: "We are excited to be working with A2Z to bring their innovative smart cart solution to our customers.”
“We believe Cust2Mate will provide our customers with a seamless shopping experience and help increase customer satisfaction and loyalty, and simultaneously increase our sales and reduce our operating costs."
As part of the deal, A2Z and HaStok have also agreed to share the advertising and data revenue generated from the smart carts.
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