Standard AI Introduces Technology to Curb Inventory Loss

The company announced a new system that uses visual AI to track inventory in real-time.

November 22, 2023

Standard AI, a provider in retail AI, announced the extension of its Standard AI Vision platform in a new way that allows retailers to use AI to address loss, inventory management and other operational challenges. The company is introducing Standard Zones, systems that leverage advanced visual AI to monitor every interaction with the shelves in an area.

According to the company press release, set up for zone monitoring is simple. Three to five cameras are installed over the transaction zone. Through the cameras and the visual AI system, every interaction with the shelf is monitored. Out-of-stock notifications are delivered for real-time inventory management. Suspected theft is captured via video clip and is accessible by store management. The system provides analytics, trends and insights for a deeper understanding of shopping behavior and theft trends in a particular zone.

Currently, Standard Zones are available in the tobacco, beer and fresh food/grab-and-go sections of the store. Going forward, Standard AI looks to bring the platform to other sections of the store, including lottery, cash drawer and fuel.

“Every new product we build is designed to help our customers solve immediate problems while ensuring they are on a path to an autonomous future,” said Jordan Fisher, CEO of Standard AI. “Zone monitoring puts our powerful visual AI to work in the most lucrative parts of the store.”

Friendly Express is one retailer who is implementing the zone monitoring to understand and prevent loss as well as better manage inventory. “We’ve used Skip self-checkout to help augment our in-store teams and better the shopper experience,” said Amy Wood, director of IT, Friendly Express. “We are excited about the promise of new tobacco and fresh food trackers to help us lower shrink and ensure the right products are on the shelf when customers want them.” 

Using AI to complement security methods is becoming more popular. NACS Daily covered the launch of Amazon’s new security robot, Astro, last week. The AI technology is now available to small to mid-sized businesses and will offer subscription options for an additional fee.