Retail shrinkage is a persistent challenge for store owners, quietly eating into profits.
As artificial intelligence becomes more integrated into our daily lives, it's also revolutionising retail security. One of the most innovative tools in this space is Veesion AI, an advanced anti-shoplifting software.
Let's explore how this technology works and the key benefits it can bring to your business.
What is Veesion AI Anti-Shoplifting Software?
Veesion AI is an intelligent security system that improves your existing CCTV cameras with the power of artificial intelligence.
It analyses live video feeds in real time to detect suspicious gestures associated with shoplifting. When the software identifies potential theft, it sends an immediate alert to your designated device, complete with a video snippet of the incident.
This allows you and your staff to respond swiftly and prevent losses before they happen.
Integrating Veesion’s AI theft detection into your security strategy offers numerous advantages for your retail business.
- Significant Shrinkage Reduction: By detecting theft in real time, Veesion helps reduce shrinkage by up to 60%. This proactive approach stops thieves in their tracks and directly protects your bottom line.
- High Accuracy: The system is incredibly precise, with an average of 85–90% of alerts accurately identifying genuine shoplifting incidents. This reliability ensures your team isn't wasting time on false alarms.
- Real-Time Alerts: Immediate notifications sent to your mobile device allow for quick intervention. This means you can address a potential theft the moment it occurs, not after the fact.
- Seamless Integration: Veesion is compatible with all modern CCTV and DVR systems. You can upgrade your security without overhauling your existing camera setup.
- Deters Potential Thieves: As word gets around that your store is equipped with advanced AI theft detection, it acts as a powerful deterrent, discouraging would-be shoplifters from targeting your business.
- Empowers Your Staff: With Veesion, your employees can focus more on customer service, knowing they have a reliable system monitoring for theft. It gives them the confidence to intervene effectively when an alert is received.
In the challenging South African retail environment, staying ahead of shrinkage and shoplifting is more important than ever.
Veesion AI offers a smart, efficient, and powerful solution to protect your assets and secure your profits.
For over 28 years, Milestone has been a trusted leader in providing shrink management solutions to businesses.
We are dedicated to sourcing the latest and most effective technologies from around the globe to help you safeguard your stock. As a proud partner, we can help you integrate Veesion AI seamlessly into your operations.
Contact us today to learn how you can experience the benefits of Veesion AI in your store.