Emerging Technology Trends In LP

March 2012 Integrated Solutions For Retailers

By King Rogers, president and Craig Thrane, video/audio forensics examination services and video systems design, KRG Analytics, Inc.

Retailers must maximize actionable business intelligence (BI) and derive measurable value from their video analytics.

It’s springtime, and you know what that means — time to look once again at emerging trends in loss prevention. We did this in the spring of last year, in the summer of 2009, and for the first time in early 2003. In that first article, we stated that there is a need for “increased intelligence and an effective way to protect assets.”

During the ensuing nine years, the effective use of BI in retail has grown by leaps and bounds. Today, companies like IBM, SAP, SAS, BVI Networks, Teradata, Oracle, Profitect, Actionable Data Solutions, and others offer effective BI tools to the retail market. The use of BI in operations, marketing, and distribution is so important that retailers that have not jumped on the train are being left at the station, losing their passengers (customers) to their competition.