Walmart Uses AI-Powered<br />Cameras to Track Checkout Theft Walmart recently confirmed to Business Insider<br />that they have been using computer vision technology<br />to deter theft in more than 1,000 stores. The surveillance program, dubbed Missed Scan Detection,<br />is in place to monitor both self and manned checkouts. It operates by using cameras to track and<br />analyze activities and notify a Walmart employee<br />when a potential theft is occurring. An estimated 1.33% of U.S. retailers revenues<br />are lost due to shrinkage, which is defined as losses<br />due to theft, scanning errors, fraud and other causes. LeMia Jenkins, a spokeswoman for Walmart,<br />said the company has invested over<br />$500 million in anti-theft efforts. LeMia Jenkins, via<br />Business Insider LeMia also reported that shrink rates have declined in<br />stores that have the Missed Scan Detection technology.
