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Use Your Existing Cameras to Prevent Shoplifting and Reduce Store Shrinkage
In the dynamic world of retail, enhancing customer experience, elevating service levels, and effectively managing loss prevention are pivotal to success. Corsight AI emerges as a game-changer in this realm, offering leading retailers across the globe a powerful tool to transform these challenges into opportunities.
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Core Applications of Corsight AI in Retail
Loss Prevention by Identifying Threats:
Corsight AI’s Facial Intelligence technology is at the forefront of mitigating retail losses. By recognizing individuals with a history of criminal behavior from a watchlist or identifying patterns typical of shoplifters, retailers can proactively prevent theft and safeguard their assets.
Detecting and Combating Sweethearting and Employee Fraud:
Corsight AI’s facial intelligence technology detects and flags patterns of employee-customer interactions that may indicate sweethearting, such as high-frequency or unusual behaviors. The system provides clear evidence for immediate action, creating a strong deterrent effect and protecting retailer assets from internal fraud.
Enhancing Customer Experience to Improve Sales:
Recognizing and understanding customers is key to providing personalized service. Corsight AI aids in identifying repeat customers and those in need of assistance, enabling retailers to effectively cater to individual needs and preferences.
Service Level Policy Enforcement:
In the bustling retail environment, managing staff efficiency and customer wait times is essential. Corsight AI assists in analyzing staff-to-customer ratios and monitoring queue speed, ensuring compliance with predefined service standards.
Access Management:
Ensuring security in sensitive areas is crucial. Corsight AI fortifies retail spaces by alerting staff about unauthorized attempts to access restricted zones, thereby maintaining the integrity and safety of these areas.
Audience Analytics:
Understanding customer demographics and appearance patterns is vital for tailoring marketing strategies and store layouts. Corsight AI provides valuable insights into the audience by analyzing age, gender, duration, and frequency of customer visits.
Fighting Shoplifting
Using your existing cameras, Corsight AI’s Facial Intelligence enables you to identify both known and unknown individuals based on appearance repetition and duration patterns.
In this instance a pattern characteristic of shoplifters has been defined. Specifically, three repetitions within an hour. The person is recognized even if they are not known in advance, and an alert is generated.
Reducing Burglary
Retailers can protect their facilities during closing hours by using Corsight AI’s Facial Intelligence technology. This unique capability enables the recognition of specific predefined scenarios from video footage, even when the individuals involved are unknown.
When the same person is detected outside the store for longer than a predetermined duration, or if they are identified multiple times within a brief period, an alert is triggered. This enables security teams to act quickly, either by responding directly or by notifying the police, to mitigate the risks of burglary and vandalism.
Mall of America to begin using Corsight AI's technology
Mall of America in Bloomington will use Corsight AI's facial recognition technology in its security systems.
The Corsight system will only be used to detect people suspected of trespassing, those posing a threat, and endangered or missing persons.
Retailers get conversion rates wrong because they fail in people counting
Corsight AI, a leading vendor of facial intelligence technology, is working with major malls and retail chains worldwide, providing them with accurate and highly segmented footfall analysis.
Retailers and malls embrace facial recognition and video analytics
In the recent 2-3 years, an increasing number of malls and retail chains have adopted real-time video analytics and facial recognition to enhance security, customer experience and footfall analysis.
Mall of America security to begin using facial recognition technology
Mall of America in Bloomington will use facial recognition technology in its security systems to detect those posing a threat.
Nine ways machine vision is transforming retail
More and more retailers are using real-time video analytics and facial recognition to improve security, customer experience, service level, and traffic analysis. These are the ways machine vision is being used.
Combatting Sweethearting: How Retailers Leverage AI to Tackle Employee Fraud
Retail theft in the U.S. is reaching critical levels, costing businesses around $100 billion annually. While shoplifting and various forms of employee theft are rising, a particularly challenging issue is "sweethearting."
Why Corsight AI Stands Out
Corsight AI’s Facial Intelligence technology excels in the retail environment, renowned for its accuracy and speed in detecting faces and patterns under challenging conditions typical of commercial spaces.
Be it poor video quality, limited viewing angles, low light conditions, distance, facial coverings, or even disguises, Corsight AI navigates these complexities with ease, providing reliable and actionable insights.
Empowering Retailers Worldwide
With its cutting-edge technology and robust application, Corsight AI is empowering retailers worldwide to step into the future of retail operations – a future where enhanced customer experience, efficient service, and effective loss prevention are not just goals, but realities.