On May 31st, Lowe’s Home Improvement invited VisionX to their Enterprise Strategic Sourcing Program. The program includes sourcing, which is the purchase of product and services for internal use. Lowe’s reviews agreements as expiration dates approach on their two-three year contacts, incorporating categories such as: information technology, supplies, logistics, energy and utilities.
As a Lowe’s supplier, VisionX will have access to and support the Lowe’s network of manufacturers. VisionX will offer the following services:
AI solution to enable Cross-industry defect dataset & Dataonomy Technology
Generate Base Model & Transfer Learning
Federated Learning which generated the best detection model
The VisionX Profit composition within the Lowe’s Home Improvement Program will target equipment, software and data.
A) Equipment (Short-term profit)- AI imaging system equipment, warning devices, GPU computing & storage devices
B) Software (Mid-Term Profit)- VisionX- SaaS-Lease, System operation & maintenance, management System
C) Data (Long- Term Profit)- Defect database, product category database, Security database
About Lowe’s Companies, Inc.
Lowe’s Companies, Inc. (Lowe’s), incorporated on August 1, 1952, is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens. The Company also supports the communities that focus on K-12 public education and community improvement projects. The Company serves its customers in the United States, Canada and Mexico.
The Company’s home improvement stores carry a selection of national brand-name merchandise, such as Whirlpool appliances and water heaters, GE, LG and Samsung appliances, Stainmaster carpets, Valspar paints and stains, Pella windows and doors, Sylvania light bulbs, Dewalt power tools, Owens Corning roofing, Johns Manville insulation, James Hardie fiber cement siding, Husqvarna outdoor power equipment and Werner ladders. Its merchandise selection provides the retail and Pro customer a range of national brand-name merchandise needed to complete home improvement, repair, maintenance or construction projects.
The Company sells private brands in various product categories, including Kobalt tools, allen+roth home decor products, Blue Hawk home improvement products, Project Source basic value products, Portfolio lighting products, Garden Treasures lawn and patio products, Utilitech electrical and utility products, Reliabilt doors and windows, Aquasource faucets, sinks and toilets, Harbor Breeze ceiling fans, Top Choice lumber products, and Iris home automation and management products. The Company sources its products from over 7,500 vendors across the world.
The Company offers installation services through independent contractors in a range of its product categories, such as Appliances, Flooring, Kitchens, Lumber and Building Materials, and Millwork. Lowe’s Protection Plans provide customers with product protection that extends coverage previously offered by the manufacturer’s warranty. The Company provides in-warranty and out-of-warranty repair services for appliances, outdoor power equipment, tools, grills, fireplaces and water heaters through its stores or in the home through its Authorized Service Repair Network. The Company operates approximately three contact centers.
VisionX, industrial AI chain, is a cross-industry high-performance AI collaboration platform, is the first AI+Blockchain project the DeepBrain Chain Silicon Valley lab has incubate. It has the single biggest and quality image dataset, uses a Unique taxonomy algorithm to complete a cross-industry AI solution fit for all. VisionX uses product surface defect visual detection as a breaking point, to gradually branch off to machine arm grab and pick, preventative maintenance, intelligent speech, supply chain and other fields. In the future it will serve thousands of industries offering AI solutions and data worth millions.