Developments in IoT applications are playing an important role in our day-to-day life, starting from business predictions to self driving cars. One of the area, most influenced by the field of AI and IoT is retail analytics. In Retail Analytics, Conversion Rates - a metric which is most often used by retail stores to measure how many people have visited the store and how many purchases has happened. This retail conversion rate assess the marketing operations, increasing stock, store outlet and running promotions ..etc. Our project intends to build a cost-effective people counting system with AI at Edge, where it calculates Conversion rates using total number of people counted by the system and number of transactions for the day, which helps in providing analytical insights for retail store optimization with a very minimum hardware requirements.

翻译：IoT应用程序的发展在我们日常生活中正在发挥重要作用,从商业预测到自驾汽车。受AI和IoT领域影响最大的一个领域是零售分析。零售分析、换算率——零售商店最经常使用这一衡量标准来衡量有多少人参观过商店和有多少采购。这种零售转换率评估了营销业务,增加了库存、商店出口和推销。我们的项目打算与AI在Edge建立一个成本效率高的人计数系统,它利用该系统计算的总人数和当天交易次数计算换算率,帮助提供分析见解,以最起码的硬件要求优化零售商店。