sur A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ)
A2Z Cust2Mate Files Patent for AI-Powered Inventory System
TEL AVIV, ISRAEL / ACCESSWIRE / September 12, 2024 / A2Z Cust2Mate Solutions Corp. ("A2Z") (NASDAQ:AZ) (FRA - WKN:A3CSQ) has announced its subsidiary Cust2Mate Ltd.'s patent application for a Shopping Cart Inventory Change Indicator System. This system addresses retail inventory shrinkage using advanced AI technology.
In 2023, U.S. retailers faced $142 billion in inventory shrinkage losses, a 25% increase from 2022, according to a WSJ report based on data from William Blair.
The new system utilizes deep learning algorithms for real-time anomaly detection, tracking shopper behavior to identify theft or irregular activities. It features a barcode scanner, high-resolution cameras, and a security scale for precise item recognition and weight measurement.
CEO Gadi Graus stated, "A2Z aims to solve retail challenges using AI. This system offers advanced inventory management and theft mitigation, reflecting our commitment to enhancing operational efficiency and security in the retail sector."
R. E.
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