Computer vision technology company Trigo Vision has unveiled an AI-driven loss prevention solution to address the escalating issues of retail theft and inventory shrinkage. The issue incurs losses exceeding $130bn annually.
The technology has already been implemented by retailers such as Tesco in the UK and REWE in Germany at their autonomous stores. It offers a capital expenditure-free approach to curbing retail loss.
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The newly launched solution compares each scanned item against what the shopper picks up, detecting any discrepancies in real time.
Alerts are triggered at checkout when an item is taken but not scanned, ensuring a balance between loss prevention and maintaining a frictionless shopping experience without compromising customer privacy.
The AI technology operates as a “brain” to the “eyes” of existing CCTV cameras, tracking shoppers as anonymised entities and identifying items picked up, especially from high-theft areas.
The system addresses a major blind spot in traditional systems by detecting concealed items in-store before the shopper reaches the tills.
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By GlobalDataThe company’s privacy-first approach ensures that no biometric data is used, collected or stored while a seamless shopping experience for customers. is prioritised.
Trigo’s solution can be rapidly deployed using existing CCTV infrastructure in stores, connecting to network video recorder (NVR) systems and integrating with point of sale (POS) system.
This strategy allows for quick implementation, minimal operational disruption and immediate return on investment for retailers.
Trigo CEO Daniel Gabay stated: “Trigo’s mission is to empower retailers with cutting-edge computer vision AI technology to address the sector’s biggest challenges. With retail theft on the rise, we are proud to launch a solution that integrates easily into existing estates and delivers quick and efficient loss prevention, along with an improved experience for both retailers and customers.”
