Is shoplifting spreading like a pandemic?
Shoplifting in the UK is spreading like wildfire. With an average of 1300 offenses reported per day in 2024, retail crime is up by 29% as compared to the previous year. The average
Marketing @ SAI Group
Video surveillance is now critical to curb shoplifting
The UK government, law enforcement, and the retail industry are searching for ways to curb the worrying rise in retail theft, which now runs into billions of dollars in losses for retail companies
Organized crime versus casual shoplifting
UK is reeling under a wave of shoplifting – at an average of 1000 incidents per day, crime rates are growing exponentially, costing the industry billions of pounds in losses. Irrespective of the size
Retailers have crucial data about criminals—but can’t share it due to privacy laws
The Retail industry in the UK is in a bind – even as retail shrinkage is soaring, privacy regulations such as GDPR are preventing retailers from sharing valuable information on theft patterns and offenders.
Visual AI market zooms past USD 9.9 Billion
The size of AI in the Computer Vision market was valued at USD 9.9 billion in 2023 and it is expected to clock 10% CAGR from 2024 to 2032. By 2032, the