Facial recognition combats load-shedding shoplifting
By Ivan Booth - Mar 26th, 08:39
South Africa’s load-shedding woes are not limited to the inconvenience suffered by consumers. The country’s retailers are set for a dramatic spike in shoplifting, warns one facial recognition for business specialist.
According to Camatica co-founder Laurence Seberini, “It’s no coincidence we see many shuttered stores when the lights go out. Shops dimly-lit with back-up power are a shoplifter’s dream. Accepting cash payments when the power goes out is also very risky.”
Mr Seberini’s Johannesburg-based firm has developed a range of AI-powered (Artificial Intelligence) facial recognition solutions specifically-designed for the local retail sector.
“We’re forecasting a marked increase in retail outlet shrinkage this year on the back of Eskom’s poor planning abilities and the fact GDP growth remains in the doldrums. It’s going to get hectic out there on the shop floor in 2019,” says Mr Seberini.
Fortunately, he says state-of-the-art optics in the form of AI-powered camera technology will help save the day for the hard-pressed retail sector.
With the locally-developed Camatica real-time facial recognition system, retailers are able to use the local start-up’s mobile app and web interface to easily add potential shoplifters or troublemakers worthy of attention to a ‘hotlist’ that can be instantaneously shared.
“Identifying confirmed or potential shoplifters using the hotlist and taking them out of circulation when the power is on means there are far fewer troublemakers to guard against when the power goes out,” explains Mr Seberini.
“The beauty of Camatica’s hotlist is that it can be shared with other storeowners creating a ring of AI-powered awareness across large geographical areas,” Mr Seberini says.
To get the best out of facial recognition technology, Mr Seberini advises retailers to ensure hotlists of problematic patrons are instantly updated and shared with staff, competitors, local business associations and the authorities.
“We specialise in facial recognition with a purpose. There is no Homeland Security creepiness here. Camera-centred AI is making a massive positive difference in the retail environment where organised shoplifting rings are starting to feel the heat and customers are therefore safer,” concludes Mr Seberini.
Retail sales beat expectations in February
19/04/2019 - 12:39
SA shoppers spent more than expected in February, with retail sales growing 1.1% year on year, led by expenditure in the textiles, footwear and clothing sector.
Asian revenue surpasses European for first time at L’Oreal
18/04/2019 - 09:07
L’Oreal got more revenue from Asia than from Western Europe for the first time last quarter as the region’s surging demand for luxury products continued to resist the drag of a slower Chinese economy.
Easter is also a feast for criminals, retailers and consumers warned
18/04/2019 - 09:01
There is a tendency among criminals to use the Easter long weekend - and its spike in shopping - to their advantage, says Richard Phillips, joint CEO of retail cash management company Cash Connect.
Checkers hot cross buns go viral
17/04/2019 - 13:42
Checkers hot cross buns are trending on social media and South Africans are in stitches following the release of a viral video in which a false-positive breathalyser reading was recorded for a police officer.
Clicks says private-label products boosted interim earnings
17/04/2019 - 09:59
Clicks Group says it grew headline earnings by 12.9% to R763.3m in the six months to February thanks in part to better sales of its private-label products and higher profits from its distribution business.