There is no doubt that artificial intelligence (AI) is a megatrend on everyone’s mind these days. Organizations with billion-dollar budgets have been investing in AI technologies for years with great success. We see the benefits all around us in technologies ranging from self-driving cars to e-commerce. AI-powered chatbots even helped companies handle the exponential increase in pandemic-related questions.
At ThinkLP, we have been concentrating on empowering loss prevention teams with powerful, flexible, and affordable artificial intelligence capabilities. AI is no longer the exclusive subject matter of experts in large corporations. Organizations that desire to improve and reach new levels can rapidly deliver AI value, turning their data into valuable and actionable insights, without the need for an expert data scientist. If you are fortunate enough to have a data scientist on staff, the ThinkLP AI capabilities will significantly accelerate the time-to-value.
The practical applications of AI within a loss prevention team are endless. Leveraging your one-stop data repository in ThinkLP can enable you to build a shrink prediction model quickly. Learnings from the value of alerts generated by fraud patterns in your Point-of-Sale and e-Commerce data can improve your exception reporting efforts. Predicting store performance using AI can help allocate and concentrate resourcing efforts.
Our AI efforts align with three guiding principles: making your data accessible, understandable, and actionable. ThinkLP Artificial Intelligence automates your data discovery efforts, turning vast amounts of data into beautiful and insightful analysis reports. It’s simply awesome.
One of the questions we are asked all the time is, “where and how do we start?” It’s simple—start at the beginning. Running your loss prevention team on the ThinkLP platform provides the foundation and building blocks necessary to embed AI into your processes. Start small, improve consistently, and you’ll be amazed at how you can amplify your team performance with ThinkLP.
Contact us to learn more about how ThinkLP’s AI platform can be your team’s new data scientist. Email info@thinklp.com, call 888-767-3141 or visit our website.
