NEW YORK — At the National Retail Federation’s 2024 NRF Big Show Jan. 14-16, Diebold Nixdorf debuted a new AI-powered checkout solution designed to combat shrink.
“Designed to prevent the most common sources of loss at self-service and traditional POS checkouts, the new Smart Vision technology-powered offering will complement Diebold Nixdorf's already-live AI-based solutions, which reduce friction during fresh produce scanning and age verification for restricted sales,” the company said. “Bringing these technologies together on a single platform will result in one of the most holistic anti-shrink solutions on the market – with great ability to scale. Diebold Nixdorf can deploy its new AI-powered solutions for retailers, without disruption, through its existing in-store integrations.”
The Vynamic Smart Vision I Shrink Reduction uses SeeChange’s AI, machine learning cloud platform that makes integrating new technologies across multiple store locations easier for retailers, according to Diebold Nixdorf.
"Retailers are committed to innovating, but they want to avoid duplication of efforts and costly implementations,” said Matt Redwood, vice president of retail technology solutions at Diebold Nixdorf. “Any new innovation deployed inside stores not only needs to be seamless but must also enhance the customer experience. We designed our new AI-powered offerings based on insights we've gained deploying millions of POS and thousands of self-checkouts across the major retailers we work with. We've left no stone unturned when it comes to enhancing customer and employee experiences, as well as retailers' need to scale easily and improve efficiency."
Diebold Nixdorf said the top three benefits of the Vynamic Smart Vision I Shrink Reduction are:
1. Reduce loss across high priority shrink scenarios at checkout.
“The new AI-based offering will combat common causes of loss, including theft where shoppers deliberately do not scan an item, mistakes where an item is unintentionally not scanned, and situations where shoppers scan only one item of several, use false barcodes or switch them, and pay for some items but leave with more.”
2. Autonomously verify age to assist with age-restricted sales.
“The need to verify the age of a shopper for certain types of purchase is a legal requirement in all countries and can account for up to 22% of interventions by a shop employee. By using a consumer facing camera and requiring the shopper's consent to use the application, an algorithm estimates the consumer's age in real time, without storing any consumer information in the system. This enables consumers to privately prove their age in less than 10 seconds, compared to an industry average of three minutes when employee verification is required.”
3. Identify and distinguish between fresh produce items.
“Diebold Nixdorf's AI-equipped self-checkouts additionally speed up the process of purchasing produce that is priced by weight or quantity, such as fruit, vegetables or other loose non-barcoded items. Through a combination of camera-enabled computer vision and extensively trained algorithms, the system identifies the produce and quantity so that shoppers no longer have to, and retailers' margins don't suffer due to misidentified items.”
More information about the platform can be found on the company’s website.