Revolutionizing Retail with Smart Shopping Carts: An AI and IoT Approach to Automated Checkout

Abstract: AI technology has completely changed a number of industries, and the retail industry is no different. This paper offers a thorough analysis of the use of artificial intelligence (AI) in smart cart implementation, with the goal of revolutionizing the conventional shopping experience. Our intelligent shopping cart system utilizes cutting-edge artificial intelligence algorithms, specifically the YOLOv8 model for barcode recognition and the Pyzbar library for decoding, to provide smooth product scanning and checkout procedures. To improve accuracy and security, we suggest a phased switch from barcode to QR code technology. We see a future where long lines and laborious checkout processes are replaced with quick and easy shopping experiences by distributing smart carts with AI capabilities. This study opens the door for novel developments in customer engagement and corporate operations while also adding to the continuing conversation about the application of AI in retail settings.