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Business News

Retail analytics market to reach $4.4B

According to recent studies, various sources of shrinkage such as theft, organised retail crime (OCR), fraud from supplier’s end, shoplifting and others caused an overall loss of around $112 Billion in 2012. Minimizing such monetary losses is one of the functionalities that the retail analytics solutions offer today. Thus, a number of Small and Medium Businesses (SMBs) and large enterprises are rapidly deploying data analytics tools that can provide effective prediction, analysis and reporting for alleviating shrink.

Product News

Vivotek advanced VCA solutions

Vivotek is launching its first video content analysis (VCA) application package, which includes three key functions: field detection, line crossing detection, and object counting. The introduction of the new VCA application package follows the debut of the Vivotek Application Development Platform (VADP), an open platform for integrating video analytic functionality within its cameras. Now, the VCA package can analyse data directly on a camera to provide solutions for business applications, in addition to traditional security use cases.

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