Walmart Uses AI-Powered Cameras to Track Checkout Theft

Credit: Wibbitz Top Stories
Published on June 24, 2019 - Duration: 01:04s

Walmart Uses AI-Powered Cameras to Track Checkout Theft

Walmart Uses AI-Powered Cameras to Track Checkout Theft Walmart recently confirmed to Business Insider that they have been using computer vision technology to deter theft in more than 1,000 stores.

The surveillance program, dubbed Missed Scan Detection, is in place to monitor both self and manned checkouts.

It operates by using cameras to track and analyze activities and notify a Walmart employee when a potential theft is occurring.

An estimated 1.33% of U.S. retailers revenues are lost due to shrinkage, which is defined as losses due to theft, scanning errors, fraud and other causes.

LeMia Jenkins, a spokeswoman for Walmart, said the company has invested over $500 million in anti-theft efforts.

LeMia Jenkins, via Business Insider LeMia also reported that shrink rates have declined in stores that have the Missed Scan Detection technology.

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