Veesion is an organization specialized in Artificial Intelligence software, founded in 2018 with the goal of fighting shoplifting in retail stores. Since Lumidee offers a wide range of communication- and software solutions for many retailers in Europe, Veesion is an important addition to Lumidee’s portfolio, to help their customers face the challenges around loss prevention in their stores.
Veesion developed an innovative, though easy to implement, solution to reduce the amount of shoplifting in (large) retail stores, pharmacies and supermarkets. It is the first gesture recognition software used in the fight/battle against theft.
This artificial intelligence software, to detect and prevent theft in real time, can easily be combined with the existing video protection system in place, and is therefore an easy add-on that can bring major results.
Shrinkage can represent up to 3% of a store's sales volume depending on the region. In these circumstances, the installation of a classic video surveillance system is insufficient. It is sometimes difficult for a security guard to detect misdeeds, especially when there are many cameras to monitor and the acts take place at the same time. Currently, with this operation, less than 5% of the thefts are detected by the security agents or video operators.
Veesion does not take breaks or vacations and is available 24/7 to detect suspicious actions in your store. Also, this solution is capable of detecting simultaneous gestures on several different cameras, and thus allows you to optimize your security expenses.
A large number of retail stores are equipped with video surveillance systems and sometimes with security guards. However, it is impossible for the human eye to detect several acts when they take place at the same time and in different places of the store.
But the simultaneity of thefts and human failure are not a problem for Veesion’s intelligent software. It is indeed able to analyze all cameras at the same time, allowing you to optimize the detection of thefts.
Approximately 50% of thefts committed in stores are committed by regular customers. Now, the theft itself is already detrimental, but when it is repeated over time, it impacts your profitability even more strongly. It is therefore necessary to identify the thieves and arrest them to prevent them from repeating the crime. This prevents the repeat offender from stealing for years and causing major losses to your department store.
Moreover, Veesion has no bias unlike your employees or security agents! It detects both old and young people, men and women without distinction. You multiply your chances of detecting a fraudulent act.
Once the alert is received on the phone or tablet, the security guard or manager will be able to stop the thief before he flees. He can then use the video notification as evidence to present the suspect with proof of their actions.
* Veesion’s solution is based on an algorithmic processing of gestures. The algorithm does not perform facial recognition or customer tracking and does not record the identity of customers. Under these conditions, Veesion does not allow the recognition of physical or physiological characteristics or the detection of emotions or intentions.
We can now provide you with a demo to test Veesion in your store and experience the advantages yourself.
Please get in touch now. Our colleagues are happy to assist.