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Retail Loss Prevention Tips Blog

What's the difference between AI, Machine Learning and Deep Learning?

11/9/17 12:35 PM / by Calvin Moon posted in Technology

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Distinguishing AI, Machine Learning, and Deep Learning:
As advanced computing continues to become an increasingly prevalent part of our daily lives, so does the terminology surrounding this technology. Phrases like artificial intelligence, machine learning, and deep learning have made their way into people’s everyday vocabularies across the globe. While these terms are often used interchangeably, it is worth noting what these words mean and how they differ.

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Best Way to Prevent Sweethearting Theft

11/7/17 8:00 AM / by Melinda Rieck posted in Shoplifter, sweethearting

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Sweethearting may sound like a romantic compliment, but in the Retail world it means over a billion dollars in losses each year.

What is Sweethearting?

Sweethearting is the most common type of employee theft, otherwise known as internal theft,  where an employee of a retail store provides a shopper with an item or service for free or at a discount. 

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Future of Shoplifting Prevention

11/2/17 2:11 PM / by Melinda Rieck posted in retail, future

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Loss Prevention for the Retail industry hasn't really evolved much in the last 25 years. Considering how much the technology we use every day has advanced in great leaps, Retail Store Managers still, for the most part, have the same old solution to prevent shoplifting:

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Target + Techstars Demo Day 2017 Presentation

10/16/17 4:56 PM / by Roderick Lindner posted in Techstars, Techstars Retail, demo day

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SpotCrowd was honored to be the closing speaker in the 2017 Target + Techstars Retail Accelerator Demo Day Presentation. The event is a celebration for mentors, investors, and the teams that worked so hard this summer to offer new solutions for improving the retail industry.

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Top Take-aways from LPRC Impact 2017

10/9/17 9:19 AM / by Alexander Siera posted in retail, lprc

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Last week Spotcrowd founders attended LPRC Impact 2017. This annual 3 day conference attracted over 350 Retailer Executives, Asset Protection service providers, and Loss Prevention Research Council Members (LPRC). We got the chance to be one of the first to learn about the latest trends and greatest advancements in technology for the retail security industry.  

Weren't able to attend?
Looking for a highlight summary?

I've put together a list of the biggest take-aways that we shared with the rest of our team.

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Behavior Detection Technology To Spot Shoplifters

9/29/17 9:33 AM / by AB Ali posted in SpotCrowd, Inventory loss, shoplifters

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To detect shoplifting of undefined behavior, we use online machine learning technology and detect suspicious actions, to enhance accuracy of shoplifting detection, we check security camera analysis results on a cloud. Recognize a person in situations when face recognition fails, or the person is viewed from the back. Instead of the face, use general appearance and clothes. Faceless recognition, a.k.a person re-identification, is an emerging technology in AI video analytics we’ve implemented into our system.

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SpotCrowd's Innovative Machine Learning Technology

9/22/17 9:14 AM / by AB Ali posted in SpotCrowd

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It is no doubt that machine learning / artificial intelligence has increasingly gained more popularity in the past couple of years. As Big Data is the hottest trend in the tech industry at the moment, machine learning is incredibly powerful to make predictions or calculated suggestions based on large amounts of data. Some of the most common examples of machine learning are Netflix’s algorithms to make movie suggestions based on movies you have watched in the past or Amazon’s algorithms that recommend books based on books you have bought before.

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Facial Recognition Tech Is Going To Be A Game-Changer For Retailers

9/15/17 11:38 AM / by AB Ali posted in SpotCrowd

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Facial-recognition systems made the leap from sci-fi to reality around a decade ago, but until the past year or two, they never really worked. Governments were the first adopters, targeting fugitives, terrorists, spies, and other high-priority targets. Retailers have had their eyes on the technology for some time, but until recently, the price point was simply too high to justify.

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Machine Learning Technology

9/5/17 2:59 PM / by AB Ali posted in Technology

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It is no doubt that machine learning / artificial intelligence has increasingly gained more popularity in the past couple of years. As Big Data is the hottest trend in the tech industry at the moment, machine learning is incredibly powerful to make predictions or calculated suggestions based on large amounts of data. Some of the most common examples of machine learning are Netflix’s algorithms to make movie suggestions based on movies you have watched in the past or Amazon’s algorithms that recommend books based on books you have bought before.

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What is SpotCrowd?

SpotCrowd is part of the Techstars Retail 2017 program working on a crowd-sourced security camera monitoring solution for retailers. Anyone in the world who has a broadband connection can become a Spotter and earn money catching shoplifters in the act. Top notch real-time facial blurring technology and geo-fencing is used to protect customer privacy.

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