Shekel Brainweigh Limited announced a collaboration with the launch of the industry's `Open Retail Initiative'. Open Retail Initiative is a collaboration between industry partners, led by Intel and joined by Dell, HP, JD.com, Verifone and other leading technology players to enable the rapid development and deployment of Internet of Things (IoT) based solutions to change the way retailers operate. Partners within the collaboration will develop solutions enabling retailers to implement advanced technologies particularly focused on accessibility of in-store data, accelerating solution development and reducing technology costs, thereby improving ROI. This collaboration illustrates Shekel's significant commitment to helping end users deliver solutions into their environments in an open, scalable and flexible way and making data available and actionable. An estimated $1.1 trillion revenue is lost annually worldwide in the retail sector due to overstock and out-of-stock issues, calling for smarter retail stocking solutions to recapture sales and drive operational efficiencies from the supply chain through to the store floor. ORI is the first and only truly open source IoT edge platform available to the retail market.