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
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.
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
Retail companies are witnessing a steep rise in shrinkage and players like Co-op Supermarkets are taking the situation head on. In the backdrop of a 44% increase in retail crime, Co-op has started
Visual AI could be a true game changer for retail companies as it can detect suspicious activities in real-time and help curb shrinkage. However, retail loss prevention teams are still engaged in discussions
