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

Trigo Retail Introduces AI-Driven Loss Prevention Solution

Trigo Vision Ltd., a prominent name in the realm of computer vision AI technology, has unveiled a new solution aimed at curbing retail theft and managing inventory shrinkage across stores. With losses from retail theft estimated to exceed a staggering $130 billion annually and incidents of shoplifting having surged by 93% since before the COVID-19 pandemic, this launch comes at a critical time for the retail sector.

Drawing from its extensive experience, Trigo's latest offering builds on its established computer vision technology, which is already operational in autonomous shopping environments for some of the biggest global retailers, including Tesco in the UK and Germany's REWE. The new solution presents a capex-free model that allows retailers to effectively tackle the issue of loss without heavy financial burdens.

Real-Time Identification and Alerts

What differentiates Trigo's solution is its real-time monitoring capability. It meticulously matches each scanned item with what a shopper picks up, enabling instant identification of any discrepancies. If an item is captured but not scanned during checkout, an alert is triggered at the point of sale. This innovative approach upholds customer privacy while ensuring a smooth shopping experience.

While countless retailers rely on traditional CCTV for surveillance, Trigo's AI acts as an intelligent system by tracking shoppers as anonymous figures. The platform precisely notes which items are picked up, especially in high-theft areas, and cross-checks these against what gets scanned at checkout. This method addresses a prevalent blind spot in theft detection, as many thefts occur long before customers reach the cash register. Trigo stands apart as the only solution that catches such actions in real time, dispatching immediate alerts to store security, no matter the checkout method—be it self-service, manned tills, or ScanGo—while shoppers are still on the premises.

Prioritizing Privacy in Shopping

In light of growing concerns regarding data privacy, Trigo has designed its loss prevention solution with privacy at its core. The technology does not utilize, collect, or retain any form of biometric data, effectively prioritising the rights and comfort of honest shoppers. The frictionless nature of the technology contributes to an enhanced overall shopping experience, removing potential barriers for customers who are not engaged in theft.

Effortless Deployment

One of the prime advantages of Trigo's loss prevention solution is its ability to integrate seamlessly into existing retail setups. The system maximizes current CCTV infrastructure, meaning that retailers won’t need to invest heavily in new hardware. The implementation process is straightforward, merely requiring a connection to existing Network Video Recorder systems and integration with the Point of Sale systems. This positions Trigo’s solution as an attractive option for retailers looking to achieve rapid deployment with minimal disruption, while also generating an immediate return on investment.

Daniel Gabay, CEO of Trigo, stated, "Our mission is to equip retailers with advanced Computer Vision AI technology to address some of the most significant challenges facing the industry. With the rise in retail theft, we are proud to introduce a solution that integrates easily into existing systems while providing effective loss prevention and an improved experience for both retailers and customers."

Conclusion

In summary, Trigo Vision Ltd. is setting a new standard in the retail industry with its state-of-the-art AI-driven loss prevention solution. By effectively combining top-notch technology with a customer-centric approach, Trigo is taking bold steps toward securing retail environments against theft while enhancing the shopping experience for consumers. To learn more about Trigo and its innovative technology, visit Trigo Retail.