New Partnership between Indyme and Signatrix to Remediate Tough Problems for Retailers
Retail Tech Insights | Wednesday, February 24, 2021
The partnership with Indyme and its technologies opens extensive new markets and new Signatrix behavioral analytics AI technology applications.
FREMONT, CA: Artificial Intelligence is evolving as a vital tool in the digitalization of brick and mortar retail shops. The rise of machine learning has unlocked many new applications to improve the customer experience, optimize costs, and drive automation, particularly concerning in-store visual monitoring & surveillance. AI has raised the pace of innovation in retail and dramatically mitigated the cost of implementing these new and advancing solutions.
Using AI to offer retailers powerful, cost-effective solutions is the objective of a new partnership between Indyme, a pioneering provider of customer engagement and active loss prevention technologies, and Signatrix, an AI video analytics and machine learning software, developer. Combining Signatrix AI software with Indyme Smart Response® instant awareness systems provides retailers with new tools that increase sales by intelligently accelerating customer engagement and deter theft through real-time identification and awareness of malicious behavior.
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The partnership's product introduction empowers retailers to identify and circumvent push-out theft. A quickly increasing theft method is performed by simply pushing a loaded shopping cart out the door without passing through checkout. This new Push Out Protection (POP) solution couples video analytics, AI, real-time active deterrence, and reporting to offer an exceptionally cost-effective solution that deters theft while, unlike older POP technologies, managing a positive customer experience.
Indyme Solutions and its retail customers are excited about this new partnership and the many innovative solutions that can be imagined and realized. Through this potential combination of Signatrix AI behavior identification and Indyme's instant awareness systems, the company now has unprecedented potentials to unlock the potential of AI to assist retailers in digitizing their physical stores. Though the partnership's first product release focuses on deterring push-out theft, the firms anticipate future products will benefit other areas of loss prevention and customer engagement.
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