The IntelliVid system lets retailers instantly view and evaluate employees who are processing atypical transactions, like unusually large purchases or merchandise returns.
By revealing the circumstances of the transactions, IntelliVid’s video analysis capabilities then let the retailer to identify internal theft incidents and take appropriate action.
The system was developed in response to a growing internal theft problem identified in the US by a recent University of Florida study that found the problem, cost US retailers US$18 billion annually.
“With nearly half of all retail shrink being attributed to internal theft, retailers can now significantly improve their bottom line by implementing an intelligent video analysis solution that includes a point-of-sale interface,” said IntelliVid chief scientist Dr Christopher Buehler.
The company also recently announced version 2.0 of its flagship Video Investigator software, which supports the use of IP surveillance cameras.
Video Investigator transforms retailers’ existing video surveillance systems from passive recording devices into active theft prevention and store intelligence systems.
It also supports retailers’ increasing use of internet protocol (IP), cameras, which significantly reduce the complexity and costs of implementation over traditional analog cameras.
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