Retail security systems - Expert commentary

A retail banking tipping point is fast approaching with the state-side adoption of EMV technology Banking faces a challenge: to reconcile major security concerns with improving technology in order to reflect modern, mobile technology and the self-service solutions that customers have come to expect from their non-banking retail experiences. This is probably the number one issue I discuss with my bank clients. Banks need to make the technology in their branches more automated,...

Employees are the front line of defence — as well as the most economical defence — against shrinkage losses The financial cost of retail shrinkage is huge. The latest Annual Shrink Report issued by Dr. Richard Hollinger and Dr. Read Hayes at the University of Florida puts the total at $36 billion annually. Shrinkage has several causes: customers shoplifting , employee theft, supplier fraud and administrative errors. Frequent inventories and accounting audits coun...

Audio systems can enhance liability protection. Recently, a large regional convenience store chain with units across the Midwest and South supplemented its video surveillance security system with an audio monitoring system. Retail stores with Louroe audio system: The technology has been installed in more than 700 of the convenience retailer’s locations. The Louroe Electronics systems feature omni-directional capability and sensitivity and pick up sound within a 15-foot...

Video analytics isn’t just for security. In general, the ability to leverage data from video provides a new wealth of information and “intelligence” about all aspects of the business. The retail vertical is leading the way in reaping the benefits of video analytics beyond the security function.   There are two reasons retailers have taken advantage of video analytics far more than other vertical markets. First, retailers generally face more theft than a...

Various vertical markets such as retail, airports, and transportation have benefited from video analytics Video analytics systems have progressed far beyond the theoretical and are now being used effectively in a range of applications. Let’s look at some of the real-world scenarios that have taken advantage of the latest video analytics systems. Video analytics aren’t just for security. For a traffic application, Agent Vi provides business intelligence on the ave...

Retailers can get more use from video surveillance data, ultimately targeting profitability As the holiday shopping season kicks into high gear, retail organisations have two primary concerns: making a profit on notoriously slim margins and shoring up potential areas of internal (employee) and external threats, including organised retail crime. According to the Global Retail Theft Barometer 2011, published by the Centre for Retail Research, total global shrink in 2011 cost r...

Newer concepts and modern security solutions help achieve operational efficiencies in the retail sector Asset protection across retail organisations is sometimes still viewed as a necessary evil. But at a time when shrinkage is on the rise, margins are low, competition is fierce and the economic climate is still somewhat uncertain, retailers need to maximise any investment in technology and consider how it can positively impact their bottom line. Steve Bocking, Sales...

Video surveillance software now allows retailers to monitor a location from anywhere Beyond loss prevention, video surveillance can also boost operations and business intelligence. Gadi Piran of ONSSI details how surveillance video can be a powerful management tool for retailers which they can use to monitor and improve operational efficiencies, personnel productivity and save costs by integrating it with other important applications. Almost every retail location uses a...

One alternative purpose for a 360-degree camera is the ability to provide a panoramic view in a wall-mounted orientation Surveillance cameras that capture 360-degree images are unique. However, cameras with technology that enables a user to retrospectively track an incident back in time are even more unique. This combination provides customers with total situational awareness—a field of view much larger than the capability of narrow-field, fixed-view cameras. In this art...

  Integration of security systems is a priority for retail sector managers With the assumed digitalisation happening on the end-user side, progressive security systems integrators stress the importance of changing the business concept from being installers to being service and solution providers. However, less is known about the details of this process on the end-user side, Markus Lahtinen of LUSAX project explains. An online survey of loss prevention managers in...