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Amazon Go Wants to Streamline Your Grocery Shopping

   

In this episode of TechTalk, Dave Katz, Senior Audit Manager in EisnerAmper’s Technology and Life Sciences Practice, and Richard Colloca, Partner-in-Charge of EisnerAmper’s Food and Beverage Group, discuss Amazon’s plan to use “Just Walk Out” technology to remove the lines, checkout counters and cash registers from your food shopping experience. The pair looks at the technology behind Amazon Go, potential speedbumps including cybersecurity, and what it could mean for other bricks-and-mortar grocery chains.

Also discussed is the valuation of the Amazon Go technology and whether Amazon can generate revenue from licensing it to other grocery stores and retailers. Will the technology make a company more efficient and, more importantly, make it more profitable?


Transcript

Dave Plaskow: Hello and welcome to EisnerAmper’s technology podcast series. With more than 500 technology clients we’re always interested in the latest industry trends and developments, as well as any related business and accounting opportunities and challenges. Today we’re talking about Amazon entering the bricks-and-mortar grocery business. I’m your host Dave Plaskow and with us today is Dave Katz, Senior Audit Manager in EisnerAmper’s Technology and Life Science practice. We like to call this TechTalk. Dave, as always, welcome and thanks for being here.

Dave Katz: Thanks, Dave. Good to be here.


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Richard Colloca, EisnerAmper Audit Partner with over 20 years in the public accounting profession, provides audit, accounting, tax and business consulting services to clients, including closely held and publicly traded companies.

John Pennett has public accounting experience with a strong emphasis on life sciences companies. Member New Jersey Society of Certified Public Accountants and New Jersey Technology Council and advisory board of eLabs.


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