"Tech Strategies: America's Retail Giants Combat Organized Retail Theft"

1 min read
Source: CNBC
"Tech Strategies: America's Retail Giants Combat Organized Retail Theft"
Photo: CNBC
TL;DR Summary

Major retailers in the United States, including Walmart, Target, Lowe's, Kroger, Macy's, and CVS, are partnering with technology companies to combat organized retail theft using advanced technologies such as AI-powered video surveillance systems, facial recognition cameras, license-plate and vehicle readers, autonomous security robots, RFID tags, and predictive analytic software. The goal is to deter criminals and make theft less appealing by detecting and identifying potential offenders before they commit crimes. While these technologies show promise in reducing theft, retailers must be mindful of ethical concerns and ensure that human oversight is maintained to prevent any negative consequences for customers or employees.

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