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Retailers Injecting AI Into the Anti-Theft Battle

Existing tech systems being “superpowered” by Artificial Intelligence.




Retailers Injecting AI Into the Anti-Theft Battle
Surveillance cameras are among the technologies integrating AI. PHOTOGRAPHY: Nudphon Phuengsuwan/

Retailers and their tech partners are increasingly adding Artificial Intelligence (AI) to their toolkits for dealing with theft, CNBC reports.

Such high-profile retailers as Walmart, Target, Lowe’s, Kroger, Macy’s and CVS and are teaming with technology companies to develop and deploy next-generation video surveillance systems, facial-recognition cameras, license-plate and vehicle readers, autonomous security robots, radio-frequency identification (RFID) tags, smart case locks and predictive analytic software.

While much of that tech has been around for years, it’s now being superpowered by AI, the cable news channel reports.

For retailers and loss-prevention experts, the primary goal of these technologies isn’t necessarily to catch thieves in the act, but rather to make committing their crimes less appealing — turning them away before they ever reach the door.

“The first thing we look at is, can we detect these people and identify them before there are victims?” said Read Hayes, director of the Loss Prevention Research Council, a think tank comprising researchers, retailers, technology companies, manufacturers and law enforcement professionals told CNBC. “We’re trying to get the offender or crew to say, ‘Not here, not now, this doesn’t feel right.’”

Click here for the complete CNBC story.




When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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