The Future Of Asset Protection Technology in Retail

The Future Of Asset Protection Technology in Retail


How are shops and retail using technology to prevent theft and other issues? This blog post examines the part big data, the cloud and even biometrics play in the modern shop and how they're assisting retailers in protecting assets.

1. Smart Video


Security cameras have been used for surveillance for over fifty years. They have evolved as technological advancements introduced and refined the lenses, digital video, video processing and IP cameras thus making the current crop the most intelligent surveillance tools. AI (artificial intelligence and developments in computer vision have made it possible to search for criminals based on their behavior, facial expressions, and emotions to many and analyze their activity patterns with precision.

Advanced research is currently on going on how to come up with technology that can envision events taking place outsides the camera's field of vision (such as the obstructed zones) based on the elements that the camera can capture and what a villain is doing that is within the sight. Based on this, the computer can use predictive analytics to produce a predicted surveillance footage.



2. Predictive Analytics

Analytics and Data, these are the two most influential words that have a significant impact on what the surveillance industry does. The former analytic methods were based on looking at the number of cases in the previous year to predict the number to expect in the year that follows. However, things have changed dramatically since the conception of the advanced analytical models that allow for a more literal and accurate look at what to expect in future

Imagine being able to tell which route a person might take when strolling through a store and how they may behave when in different sections of the store all from a static picture of the individual as he or she enters the store. Such analysis can be used to predict if a person has bad intentions.

The advanced analytical software can analyze date from a company combining that with the data source from other unrelated sources such in the industrial, private, and public sectors to learn why and how illegal activities occur over time. The military has predictive models that determine the best ways of safely do operations and how to adequately prepare for all criminal activities and also to enhance the safety of their offices and storage spaces.

Based on such advancements, the primary challenge is not just about making this automated and repeatable analytical models synthesis data, but to find how to implement the findings better. The other challenge is finding the right breed of individuals that will know how to use the models. It is a situation that has the top companies competing with grad schools and tech colleges to the promising data scientists who are fresh from high school.

3. Counterfeiting

Image acquisition has come a long way in the last few decades and the fight against counterfeiting has had to become more and more complex. The FED has utilized a number of different technologies to prevent counterfeiting issues. For example, notes are printed with an incredibly high PPI so normal everyday scanners and printers can't be used to recreate them. 

Even the most complex software nowadays isn't able to replicate currency. There's a good post on it here at NAP.edu. That said it's not impossible and that's why businesses need to remember counterfeit pens can swipe bills and ensure that even the most accurate replication doesn't pass through their business.

4. Biometrics


Biometrics is the new-age solution to enhance security and person identification. Advancements in this tech have made it possible to find and identify criminals before and affect they commit a crime. Biometrics was developed for military use to filter out irrelevant data to make highly accurate and safe decision for the safety and security of offices and stores.

The technology has once viewed a thing of the sci-fi movies but has become a common surveillance option in today's society. The new generation of biometrics are designed to companies, their employees and customers safe without being too intrusive or demanding personal identification information. Businesses can use this technology to offer their customers and clients a seamless and customized shopping experience.

5. Collaboration


Retailers are currently keen on breaking down silos mostly because of the increased omnichannel demand. Most of the big industrial and commercial players are investing in programs that promote an employee population that is highly interconnected.

If companies establish systems that collaborate more with internal cultures, the employees can share ideas and thus can develop better innovative solutions. Tools used for human centered decision making and design are some of the resources that companies can put in place to help the workforce collaborate and come up with actionable innovations. 

Moreover, the collaboration should extend beyond the walls of the company, which is a move that advocates for retailers to interact more with other players other industries, non-profit groups, academic institutions and other organizations.

We want to hear your ideas and opinions about top trends in asset protection technology. Retailers are paying attention to what the future has to offer. Check out the 2016 RILA Retail Asset Protection conference for more insights on the advancements in technology and innovation.

6. Cloud Technology


In-house data management, processing, and storage are soon becoming extinct given the rate at which technology is evolving and birthing new systems are complicated and high efficient. For retailers, maintain racks and racks of servers and updating software in their stockrooms across the country is not what their profession is all about.

Returns from tracking systems, POS transaction, high-tech digital surveillance feeds, and the increased demand for live links to product inventory data is know all transition for physical data storages to the cloud; this is going to an investable transition that retailers have to take. And as the systems become more integrated with data management and functions cutting across every department in an organization, the easier it will be to manage the information respective of the computing and cloud technology in us. 

Change is good, and some changes are paramount, but the shift from the old systems and processes to the new age solutions will still be a move for many companies are reluctant to make.

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