Efficient and Affordable: Employing AI Technology for Retail Theft Reduction

In a recent report by the British Retail Consortium, concerning statistics have come to light. It was revealed that retail theft in the UK’s ten largest cities has risen by 27%, adding to the industry’s existing challenges of soaring prices and operational costs. Alarmingly, incidents of violence and abuse against retail workers have also doubled since the pre-pandemic era.

Amid this worrying landscape, SolaaS has taken proactive measures to collaborate with several retailers. We’ve introduced an innovative AI solution designed to effectively curtail in-store theft, providing a glimmer of hope in this challenging scenario.

Our solution is a fusion of cutting-edge products from two prominent technology providers: Wildix’s groundbreaking x-hoppers headset and Veesion’s intelligent store monitoring camera system. x- hoppers, developed by Wildix, offers a sophisticated retail communication solution for in-store messaging and intelligent retail support. When combined with Veesion’s unique AI camera capabilities, it creates an affordable, user-friendly security system.

Veesion’s AI camera monitoring software analyses images captured by each camera, accurately assigning probabilities to actions observed on screen. The moment the likelihood of theft surpasses a predefined threshold, signifying gestures associated with shoplifting, Veesion’s system triggers an alert.

Through the seamless integration of Veesion and x-hoppers, this alert is instantly relayed via the PA system or directly to staff headsets, enabling swift intervention to apprehend potential shoplifters.

If you’re eager to explore this cutting-edge security solution further, please don’t hesitate to contact us. Together, we can strengthen your retail operations and safeguard your business from the growing threat of theft.