Work with SAI Group to Reduce Loss Self-Checkout (SCO) is witnessing greater adoption, with millions of items being scanned across stores of retail chains. While this has helped retail chains showcase a futuristic tech-savvy store with fewer personnel, loss prevention officers are staring at rising self-checkout fraud,
Organised retail crime (ORC) poses a significant threat to the retail industry, impacting both profitability and customer safety. As criminal activities become more sophisticated, retailers must leverage advanced technology solutions to stay ahead of these threats.
Retail chains across the US and UK have reported significant losses, amounting to billions of GBP, due to shoplifting. Store staff, whose objective is to ensure that customers have a pleasant experience while shopping, now find themselves in an unsafe work environment. Even the UK government acknowledges this as an
Take a look at the evolution of video analytics and computer vision as a tool for stopping the misuse of self-checkouts, understand how things have changed and where they are today, and how things might adapt in the future.
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.