Retail had a record year in 2011 with the U.S. Commerce Department reporting a record retail sales level of $4.7 trillion total, an 8 percent increase over 2010. But further examination by The Center for Retail Research found that shoplifting, employee or supplier fraud, organized retail crime and administrative errors cost the retail industry a whopping $119 billion in 2011.That’s 1.45 percent of sales.
As law enforcement agencies across the country experience headcount reductions, police forces are beginning to embrace new predictive-analytic technology to assist with investigations and to even predict crime before it happens.
But new technology is not the only change underway. Facing budget cuts, law enforcement and private businesses are also finding new ways to share resources and work together to fight crime.
Video applications are evolving quickly, along with the explosion of new devices and storage technologies. 3VR is always on the lookout for the latest technologies and partners to help our customers improve their businesses.
One such technology is the recent Prism Skylabs plug-in. With this plug-in, 3VR customers can access their business in real time—from any device, from any network, at any location—to monitor in-store customer traffic, for example.
The Prism Skylabs plug-in allows users to take advantage of the full suite of Prism Skylabs’ applications. In addition to the enhanced visual quality of video imagery, this means supplementary cloud storage, mobile access to video content, and visualization tools for marketing and merchandising.
3VR is a video technology and data company that solves the challenges associated with video searchability, allowing customers to rapidly gather real-time intelligence from the unstructured video data that is produced by a single camera or a global network of cameras. 3VR uses analytics as the cornerstone of video search, and it enables both security and business intelligence applications from a single video management system (VMS). 3VR is the standard for hundreds of global customers in Financial Services, Retail, Government, Infrastructure and Hospitality. Learn more.