AI-Powered Retail Loss Prevention: Strategies to Improve Store Security Sophisticated management of retail stores presents opportunities for shrinkage of inventory and operational losses. Detecting loss-making activities in retail businesses remains a major challenge. Active loss prevention measures coupled with modern technology provide solutions for identifying losses. It is not the goal of a retail business to capture shoplifters. The goal is to identify where losses occur, understand the reasons for the losses, and put measures to prevent such losses. What Is AI-Powered Retail Loss Prevention? AI-powered loss prevention applies artificial intelligence and data science to identify abnormal activities and minimize financial losses. Traditional CCTV cameras simply record video footages. Someone still has to watch the footage. AI offers an approach where video feeds are monitored for abnormal activities and alerts are sent to designated people. AI makes it possible for businesses...