Technology

Whether you are an AI skeptic or an enthusiast, these real-life scenarios illustrate the impact of AI and IoT and demonstrate ways for the retail industry to reimagine their loss prevention strategies with advanced technologies.

According to the 2018 Cost of Data Breach study, the retail industry ranked fifth in frequency of data breaches. Since the dawn of the digital age, we've fought cyber pirates with tools like firewalls, encryption, strong passwords, antivirus software and white-hat hackers.

This post will introduce you to what I believe are the top three next-wave retail growth technologies.

The prospect that self-checkout technology or no checkout will come to dominate retail environments is reflected in two recent news items.

The universal symbol of justice is a Greek female figure carrying a set of scales while wearing a blindfold.

RFID technology allows companies to know where in their process any particular asset is, so they can monitor the speed of production, the time of delivery, or any other factor that will help them to see how long their processes actually take—and control assets by knowing where they are at any point in time.

As we increasingly turn to data for the insights that drive our decisions, we do so with the assumptions that the data is available to us, we can use it, and—even more importantly—that it is correct. None of this happens without excellent retail data management. (Bonus: LPM Podcast content!)

Why is it that some product protection technologies have been around and working for decades, while other retail loss prevention solutions only seem to work for a few months before offenders aren’t impressed?

New data on retail self-checkout deployments reveals why the technology is growing—and why it's a major theft target.

For over 40 years, CONTROLTEK has been helping customers solve their business problems in new, efficient and secure ways.