In an attempt to reduce theft at the checkout lanes, Walmart has now deployed a Missed Scan Detection system across its stores. The system uses AI-powered cameras to check in case someone moves an item past the scanner without paying for it. According to Business Insider , the retailer has deployed the new system in over 1,000 stores over past two years.
In case you are wondering, the Missed Scan Detection system will monitor traditional cashier-based checkout sections as well as the self-service platforms. The system uses cameras to keep an eye on items to detect unusual activities. In case the system detects any activity such as someone dropping the items in their bags or a cashier simply forgetting to scan an item, the AI will notify the checkout attendant immediately.
According Walmart, since the company implemented the system, the rates of inventory loss, theft, fraud, and scanning errors have come down over last two years. However, the company didn’t reveal how much money it spent in order to install the service across its stores. This claim doesn’t come off as shocker as previous data revealed that theft and inventory losses have accounted for $47 billion in 2017. As we move forward, more retailers are likely to implement similar services in order to protect their inventories.