Co-op uses AI to fight GBP 40m losses in the UK
British supermarket chain Co-op is using AI technology to detect offenders carrying hidden weapons or stolen goods, after costs from theft and fraud rose by 19% to GBP 39.5m in the first half of 2024.
This article is available for reading in Trade magazin 2024/11
The new technology, which is currently being tested, can also detect physical attacks on staff and immediately alert the central monitoring station. Co-op says there was a 44% increase in shoplifting and violence last year. //
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