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AI Camera Software Aims to Stop Shoplifters Before They Even Steal Anything

The Infinite Brief
Vaak, a Japanese startup, has developed artificial intelligence software that hunts for potential shoplifters, using footage from security cameras for fidgeting, restlessness and other potentially suspicious body language.

Algorithms analyze security-camera footage and alert staff about potential thieves via a smartphone app.

Shoplifting cost the global retail industry about $34 billion in lost sales in 2017, amounting to 2% of total revenue.

Retailers are projected to invest $200 billion in new technology this year, according to Gartner Inc., as they become more open to embracing technology to meet consumer needs, as well as improve bottom lines.

Curated from Bloomberg

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