Loss Prevention Needs Smart Technologies With each passing year, the retail industry is witnessing a steady rise in shrinkage, which is financial losses occurring due to theft. According to the National Retail Security Survey 2023, 36 percent of retail shrinkage in the US can be attributed to external theft and
It is well known that theft and violence are heavily correlated crimes. It should be no surprise then that, as a combination of factors make shoplifting more common, there will inevitably be in increase in violence and aggression inside stores.
computer vision
Essentially, we are transforming the input from the cameras into a live assistant, one which is able to provide vital updates and answer questions backed by the most up-to-date information you have available.
Artificial Intelligence
Recent history has taught us many valuable lessons that will shape the way we live and work in the future. Reflecting on the steps taken during the early stages of the COVID-19 pandemic, we can draw valuable lessons for combating the rise in shoplifting.
Artificial Intelligence
Self checkout is a choice. Customers can choose when and why they want to use them. Retailers can choose when and whether to deploy them in stores.
Partnership
“This partnership with VMWare is a vital part of our commitment to giving our customers the greatest flexibility when it comes to deploying our real-world AI solutions”
The most intensively staffed part of a store, particularly in the grocery sector, is the checkout area. When staff are not available it makes a lot of business sense to change some of the redundant lanes into temporary self-service registers.
Artificial Intelligence
Retail is the third most dangerous industry in terms of non-fatal accidents and injuries. SAI’s computer vision platform can help retailers quickly identify potential trips and slip hazards, reducing their exposure to a $6bn problem.
computer vision
There is a lazy assumption in the tech industry that artificial intelligence systems can only run efficiently if they use GPUs. Mandating this kind of specialised device has a few important effects
Retail Technology
A recurrent topic of conversation was around an protecting stores against an expected increase in theft caused by the global cost of living crises, however there was also a big interest in monitoring and managing customer journeys through stores.
Retail Technology
While frictionless shopping experiences such as Amazon’s Just Walk Out service have been grabbing headlines and generating a lot of hype around in-store computer vision systems, such a big-bang approach is simply out of line with the strategy of most existing brick-and-mortar retailers.
Big Show 2023
There is no real-time video analytics solution for retail that is as flexible, scalable, reliable and affordable as the SAI Platform. Join us at Booth 352 to see why our technology has already been embraced by some of the world's leading retailers.