AI Loss Prevention: NVIDIA and Veesion's Solutions Fight Retail Theft

Retailers are turning to AI-powered loss prevention tools to combat shrinkage and theft, which costs the industry billions annually.

AI-Powered Loss Prevention: A Game-Changer for Retail

The retail industry is evolving rapidly, with omnichannel operations, self-checkout systems, and seamless customer experiences becoming standard. However, these advancements also bring new vulnerabilities. While enhancing convenience, self-service systems present an increased risk of theft and fraud.

Nico Müller, CCO at shopreme, notes that traditional methods are no longer sufficient to detect and prevent increasingly sophisticated forms of theft, such as organized retail crime and employee fraud.

AI Solutions for Retail Loss Prevention

Retailers can leverage AI-powered loss prevention tools to analyze operational patterns, predict, and proactively prevent mounting losses from theft, fraud, damage, wastage, and stockouts. These solutions enable immediate response to incidents as they happen and a more proactive, preventative approach.

NVIDIA's retail loss prevention AI workflow provides few-shot, active learning to quickly scale to recognize hundreds of thousands of products and provide intelligent alerts with actionable information. This reference workflow for retailers is built on cloud-native NVIDIA Metropolis microservices—a low- or no-code way to build AI applications.

Real-Time Alerts and Early Intervention

Veesion, a company that provides AI-powered theft prevention solutions, analyzes existing cameras to detect high-risk gestures that commonly precede theft. The system alerts the team in real-time, enabling early intervention and reducing repeat losses.

The solution is trained on retail environments, built for early intervention, designed to reduce repeat theft, and proven to strengthen long-term deterrence. Veesion has been trusted by over 5,000 stores worldwide to prevent theft and deter repeat offenders.

Key Facts

• Retail shrinkage costs the industry billions annually, with over 65% of shrinkage due to theft.
• NVIDIA's retail loss prevention AI workflow provides few-shot, active learning to quickly scale to recognize hundreds of thousands of products.
• Veesion's AI-powered theft prevention solution analyzes existing cameras to detect high-risk gestures and alerts the team in real-time.
• The National Retail Federation (NRF) estimates that retail shrinkage costs the industry billions annually.

By embracing AI, retailers can enhance the customer experience while mitigating potential loss. The adoption of AI-powered loss prevention tools is a transformative approach that is redefining the way retailers combat loss.