The Retail industry is constantly being disrupted on multiple fronts. Primarily by the ever-increasing expectations from consumers. Online stores, click-and-collect, efficient supply chain operations and large marketplaces (Amazon, Ali Baba, etc.) are changing the way retailers need to market their products, offers, and customer service in-store.
Bricks and mortar retailers are becoming more reliant on data-driven decision making, and video analytics is rich source of data for all retailers to gain insights into who is visiting their stores and how their customers are interacting with their brand.
Retailers are at a high-risk of stock loss, due to the high traffic nature of most stores and the relatively small size of the stock in the store. This can cost retailers millions of dollars per year.