How to reduce shrinkage in retail using Computer Vision AI

Part of the Let's Talk About insights series

How to reduce shrinkage in retail using Computer Vision AI

Watch on-demand now

Location: Online

Duration: 20 mins + Q&A

In 2023 retail theft in the UK rose by 27%, costing retailers over £1 billion a year. In the US, shrinkage rose to $112 billion. In this session, Intel and SeeChange share how Computer Vision AI helps combat losses and other problems.

Here’s what you can expect:

As shrink levels rise, traditional methods of theft detection often struggle to pinpoint areas of vulnerability in store – whether at self-checkouts or in aisles. Computer Vision AI can revolutionise security, while also enhancing customer experience. Our speakers share the importance of integrating these solutions with the retailer’s existing loss prevention processes to combat shrink across the entire store.

AI insights: You will see examples of Computer Vision at the self-checkout in action and our speakers share insights into the technology behind the solution. We explore other areas where Intel and SeeChange are applying AI in retail stores and the practical reality of running AI solutions in a distributed environment.

Hear from the experts: In this session followed by Q&A, we hear from David Dobson, Retail COE Lead and Global Industry Director at Intel, who welcomes Tim Hartley VP Product at SeeChange.

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Speakers

David Dobson

Retail COE Lead and Global Industry Director, Intel Corporation

David has more than 30 years’ experience in the Retail, Hospitality, and Consumer Goods (RH&CG) space, helping some of the world's largest organisations through their digital transformation programmes. At Intel he is involved in building and supporting retail technology capabilities from the executive level down.

Tim Hartley

VP Product, SeeChange

Tim is a seasoned expert in computer vision, with over 30 years’ experience across both corporate and startup worlds, from Executive Producer at the BBC to VP of Product at SeeChange. Tim is the master architect behind SeeChange solutions, working closely with partners and customers to assure solution relevancy.

About SeeChange

SeeChange Technologies is a world leader in real-time AI-powered recognition systems, with expertise in making complex, state-of-the-art AI technology simple to deploy and scale in the real world. With an initial focus on solutions for Retail, the company is engaged with many of the top global retailers and retail tech providers.

SeeChange is on a mission to help humanity thrive through the power of Vision AI technology and create something of real value, guided by solid ethical principles and driven by the belief that technology serves people – not the other way around.