#USA #London #Loss Prevention #AI Solution #Trigo Retail

Trigo Retail Launches Revolutionary Computer Vision AI Theft Prevention Solution

In a bold step to redefine loss prevention within the retail landscape, Trigo Vision Ltd. has introduced an advanced AI-driven solution designed to combat shoplifting and inventory shrinkage. With estimated global losses exceeding $130 billion annually due to theft, the stakes have never been higher for retailers. In fact, reports indicate a staggering 93% increase in shoplifting incidents since the onset of the COVID-19 pandemic.

Trigo's latest technology builds upon existing computer vision capabilities already deployed in autonomous stores of major retailers like Tesco in the UK and REWE in Germany. This innovative solution presents a unique approach to tackling retail losses without the need for significant capital investment. By intelligently comparing scanned items with those that a shopper takes from the shelf, Trigo's system identifies discrepancies in real time. If an item is removed but not scanned at checkout, an alarm triggers, all while ensuring customer data privacy and a seamless shopping experience.

Enhancing Customer Experience with Powerful Detection

While many retailers rely on surveillance through CCTV cameras, Trigo’s computer vision technology acts as the brain of the operation. It tracks customers anonymously and recognizes which products are taken from the shelves, particularly in high-theft areas. The system matches these actions with scanned items during checkout, regardless of visibility.

Traditional systems primarily focus on the checkout area, leaving a critical security gap. Most shoplifters often hide items well before reaching the register. Unique to Trigo, this solution detects such actions in real time and sends immediate alerts to in-store security personnel across all checkout methods—including self-checkouts, attended registers, and other avenues—while the individual is still in the store.

Commitment to Privacy

A paramount consideration in developing this technology was data protection. Trigo ensures that no biometric data is utilized or stored, allowing the system to function discreetly in the background. This guarantees an uninterrupted shopping experience for honest customers, preserving their privacy while simultaneously addressing theft.

Quick Implementation and Integration

The system leverages existing CCTV infrastructure, significantly reducing the need for heavy investments in new hardware. The implementation process is straightforward, requiring merely a connection to current Network Video Recorders (NVR) and integration with existing Point of Sale (POS) systems. Consequently, the technology can be rapidly deployed with minimal operational disruption, allowing retailers to quickly see a return on their investment.

Daniel Gabay, CEO of Trigo, expressed his enthusiasm about the launch: "At Trigo, our mission is to empower retailers with cutting-edge computer vision AI technology to tackle the industry's most pressing challenges. We are proud to unveil a solution that integrates smoothly into existing systems, providing rapid and effective loss prevention while enhancing the experience for both retailers and their customers."

About Trigo

As a global leader in computer vision AI technology, Trigo Retail collaborates with some of the world's top retailers to address complex industry challenges. Trigo’s proprietary platform processes over five million shopping activities monthly with unparalleled accuracy, adhering to principles of privacy by design. Their CVaaP (Computer Vision as a Platform) offering includes advanced, visual, and data-driven retail solutions such as loss prevention, retail intelligence, fully autonomous shopping, and much more.

For more information, visit www.trigoretail.com.