Retail security technology is being revolutionized in Japan through the adoption of AI-based identification algorithms. The 'Vaak Eye' — developed by Tokyo-based start-up VAAK, is one such example where artificial intelligence can assist with loss prevention for big and small businesses.
The tool works on a few accounts. For one, VAAK fed the algorithm with 100,000 hours of surveillance data. As a result, the AI-based retail security technology monitors "subjects for fidgeting, nervousness or other suspicious gestures." The Vaak Eye sends alert to store employees when out-of-norm behavior is detected, ultimately calling attention to the possibility of impending theft. In addition, the system also scans the appearance of the potential culprit — the data can include over 100 characteristics which, when it comes to nabbing a thief, can be quite helpful.
Shoplifter-Identifying AI Tech
Vaak Eye Enforces Retail Security Technology in Japan
Trend Themes
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AI-based Retail Security Technology — There is an opportunity for companies to develop and implement AI-based retail security technology to enhance their loss prevention capabilities.
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Behavioral Surveillance Technology — The use of behavioral surveillance technology can identify suspicious gestures and behaviors and enable businesses to take proactive measures to prevent theft.
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Big Data Analytics in Retail Security — Big data analytics can be used to enhance loss prevention strategies by collecting and analyzing large amounts of surveillance data to identify patterns and trends across multiple locations.
Industry Implications
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Retail Industry — Retailers can benefit from incorporating AI-based retail security technology to minimize losses due to theft, damage or fraudulent activity.
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Security Industry — The security industry can leverage behavioral surveillance technology to develop innovative and effective loss prevention solutions for retail and other industries.
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Artificial Intelligence Industry — The AI industry can continue to innovate and improve the capabilities of retail security technology by developing more advanced algorithms and machine learning models.