Walmart deploys AI-powered cameras to tackle checkout theft
Walmart is tapping computer vision technology to monitor checkouts and deter theft and other causes of shrinkage in more than 1,000 US stores, Business Insider reports.
The initiative, dubbed Missed Scan Detection, uses AI-powered cameras to help identify and correct checkout scanning errors and failures. "We are making a true investment to ensure the safety of our customers and associates," a Walmart spokeswoman said. "Over the last three years, the company has invested over half a billion dollars in an effort to prevent, reduce and deter crime in our stores and parking lots. We are continuously investing in people, programmes and technology to keep our stores and communities safe."
Walmart began work on the Missed Scan Detection project two years ago and claims that shrink rates have declined as a result. Ireland-based Everseen is one of several companies supplying the retailer with the technology for the programme.