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How Video Analytics, Big Data Impact Retail Security


derning
Shiny Day

For some retail enterprises, Big Data can include smaller steps such as the integration of security video into a sprawling […]

For some retail enterprises, Big Data can include smaller steps such as the integration of security video into a sprawling mall of information. Another pet from the information technology arena, Big Data is a loosely-defined term describing data sets so large and complex that they become awkward to work with using traditional database management tools.

There are costs for the stepped up Big Data analytics, but there are also cost savings. Another RetailNext customer, American Apparel’s Stacey Shulman, its chief technology officer, and Blue Montez, director of asset protection, point out that “purchased separately, traffic management and loss prevention systems would have cost American Apparel up to 40 percent more. We were able to bring in something we didn’t have before and got better quality at a lower overall price.”

The result: The retailer increase sales between 30 and 40 percent, reduced theft between 16 and 20 percent and saved upwards of 40 percent in capital costs for traffic management and loss prevention systems.

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