South Africa’s load-shedding woes are not limited to the inconvenience suffered by consumers. The country’s retailers are set for a dramatic spike in shoplifting, warns one facial recognition for business specialist.
According to Camatica co-founder Laurence Seberini, “It’s no coincidence we see many shuttered stores when the lights go out. Shops dimly-lit with back-up power are a shoplifter’s dream. Accepting cash payments when the power goes out is also very risky.”
Mr Seberini’s Johannesburg-based firm has developed a range of AI-powered (Artificial Intelligence) facial recognition solutions specifically-designed for the local retail sector.
“We’re forecasting a marked increase in retail outlet shrinkage this year on the back of Eskom’s poor planning abilities and the fact GDP growth remains in the doldrums. It’s going to get hectic out there on the shop floor in 2019,” says Mr Seberini.
Fortunately, he says state-of-the-art optics in the form of AI-powered camera technology will help save the day for the hard-pressed retail sector.