Stores Can Now Turn To AI To Prevent Shoplifting With This New Tech
22 March 2019 11:30 AM IST
� No matter where you are, you must have heard of at least one shoplifting incident in your neighbourhood. Shoplifters are everywhere and are a big worldwide problem. Every year retailers lose billions to shoplifters. Advertisement But now, AI can detect suspicious behaviour and alert shop personnel of possible shoplifters. A New Eye To Catch?
- A Japanese startup Vaak has successfully installed and tested the tech in local convenience stores which cut down shoplifting losses by 77 percent.
- Tanaka Atsushi, the CEO of Vaak said in a statement that Vaakeye identifies suspects based on more than a hundred aspects of the shoppers’ behaviour.
- There have been similar and successful attempts in the past to tackle Shoplifting using AI, one of them that made the headlines last July was the AI GUARD MAN by a team up from the Japanese telecom company NTT East and a Japanese tech startup called Earth Eyes.
- The technology employed by Vaakeye and AI GUARD MAN is similar.
- He also explained with a hypothetical scenario where the system might be biased with wrong insights like if it finds most shoplifters wearing the same coloured cloth in the training data, it might assume that all shoppers wearing that particular coloured cloth are shoplifters or has a higher probability to be one.
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