#USA #New York #AI Technology #Loss Prevention #Trigo Retail

Trigo Retail Launches Computer Vision-AI Powered Loss Prevention Solution

In a bold move to tackle the escalating issue of retail theft, Trigo Vision Ltd., a frontrunner in the realm of computer vision AI technology, has recently announced the launch of an advanced AI-driven loss prevention solution. The retail sector has been grappling with significant losses, pushing the estimated costs from theft and inventory shrinkage to an alarming $130 billion annually. Alarmingly, statistics show that incidents of shoplifting have surged by 93% compared to the levels observed before the COVID pandemic.

Introducing a New Standard in Loss Prevention

Trigo's innovative solution builds upon its proven computer vision technology, which has already gained traction among some of the world's largest retailers, such as Tesco and REWE. This cutting-edge approach promises a capital expenditure-free method to mitigate retail losses effectively.

The essence of Trigo's solution lies in its ability to instantly compare scanned items with those picked up by shoppers, identifying any mismatches in real-time. For instance, if a shopper takes an item but fails to scan it, an alert is triggered at checkout, all the while ensuring the customer's privacy and a seamless shopping experience.

An Enhanced Customer Experience

Unlike traditional surveillance systems that depend solely on CCTV cameras to monitor activities, Trigo's computer vision technology functions like the brain of the operation. It tracks customers in an anonymized manner and identifies which products are selected, particularly in areas known for high rates of theft. This technology does not merely operate at checkout points; it addresses critical blind spots where shoplifters tend to conceal items within the store.

By delivering real-time alerts to store security, Trigo's system empowers retailers to intervene before shoppers leave the premises, irrespective of the checkout method used – be it self-checkout stations, staffed cash registers, or ScanGo. This holistic approach enhances the overall shopping experience, ensuring that honest customers can shop freely without undue interruption.

Privacy at the Forefront

Trigo places a high priority on privacy, with its technology designed from the ground up to avoid any usage, collection, or storage of biometric data. The frictionless nature of this solution guarantees that honest shoppers continue to enjoy a seamless shopping experience.

Rapid and Seamless Implementation

Employing the existing CCTV framework within retail environments, Trigo's solution eliminates the necessity for hefty investments in new infrastructure. The process of adopting this innovative technology is straightforward; it requires a mere connection to current Network Video Recorder (NVR) systems and integration with point-of-sale (POS) systems. This means quick deployment, minimal disruption, and an immediate return on investment for retailers.

The Vision Behind Trigo

Daniel Gabay, CEO of Trigo, remarked on the company's commitment to empowering retailers with state-of-the-art technology to confront the toughest challenges faced by the sector. He expressed pride in launching a solution that integrates effortlessly into existing retail frameworks, enhancing loss prevention efforts while simultaneously improving the experience for both retailers and customers.

About Trigo

Trigo Retail stands as a pioneer in computer vision AI technology, collaborating with leading retailers to solve some of the industry's most daunting challenges. Its proprietary platform processes over five million shopping activities monthly with unparalleled accuracy, all while adhering to a strict privacy-by-design principle. The company's Computer Vision as a Product (CVaaP) platform encompasses a range of vision-based and data-driven advanced retail solutions, including loss prevention, retail intelligence, fully autonomous store models, and beyond.

For more information about Trigo Retail, visit www.trigoretail.com.