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Shrinkage and Fraud Reduction

Solution Group

Industry

Smart Retail
Retail and Wholesale

PoC Duration

Iotellect Match

3-12 days
AI powered Low Code IoT/IIoT Platform

Safeguard your retail business with a comprehensive solution for loss reduction. Leverage real-time monitoring, data analytics and intelligent algorithms to detect and prevent harm from employee theft, shoplifting, and vendor fraud. Gain full visibility into your operations, optimize inventory management, and enhance security - all from a centralized cloud-based platform. Empower your team to make data-driven decisions and protect your bottom line. Unlock the power of smart retail technology to drive profitability and sustainability.

Iotellect is a low code IoT/IIoT development platform. It does not work as an out-of-the-box solution or product. Instead, it helps you to monetize your IoT know-how by dramatically lowering labor costs and cutting time-to-market for your product, service, or solution. It allows business-oriented IoT professionals to join the development process by converting their IoT market knowledge directly into product features and specific value delivered to your end customers.

Build Your IoT Application

Connect Your

Shrinkage and Fraud Reduction Equipment

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RFID/NFC tags and readers
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Environmental sensors
(temperature, humidity, light, air quality, etc.)
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Smart cameras and video analytics systems
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Electronic Article Surveillance (EAS) systems
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Point-of-Sale (POS) terminals
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Inventory tracking sensors
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Access control systems
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Asset tracking devices
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Smart alarms and door sensors
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Edge gateways and connectivity hubs
Connect Devices

Connectivity & Management

  • Plug-and-play support for 100+ industrial protocols like Modbus, OPC UA, BACnet, SNMP, MQTT, reducing time to integrate devices
  • Device drivers normalize data from diverse protocols into a unified data model, ensuring a consistent data flow
  • Encrypted communication modules for reliable, secure data transmission between edge gateways and cloud platforms
  • Automated detection and reporting of inventory levels across multiple stores to minimize manual checks
  • Real-time monitoring of store premises using IoT sensors to enhance surveillance capabilities
  • Seamless remote configuration of sensors and devices to adjust based on the evolving needs within the retail environment
  • Hierarchical organization of all connected devices in the context tree simplifies large-scale system management

Integration

  • Low code integration with existing ERP systems for comprehensive inventory management across all retail locations
  • Integration with Point of Sale (POS) systems to correlate transactional data with shrinkage events
  • Facilitation of easy synchronization with Warehouse Management Systems (WMS) via pre-built drivers for seamless inventory tracking
  • Low code connectors for easy communication with supply chain management platforms, ensuring up-to-date inventory records
  • Supports the importation of vendor and delivery data to cross-check against received inventory reducing vendor fraud risks
  • Integration with business intelligence platforms providing comprehensive insights into operations and shrinkage metrics
  • Automatic triggering of maintenance or restocking alerts through integrated task management systems when anomalies are detected

Analytics

  • Utilization of Iotellect's digital twins to simulate store layouts and optimize placement of high-value items to deter theft
  • Machine learning algorithms for anomaly detection in purchase patterns, highlighting potential fraudulent activities in real-time
  • Analysis of historical shrinkage data using the Round-Robin Database (RRD) to identify trends and predict future losses
  • Real-time alerting based on customer behavior analytics for immediate intervention during suspicious activities
  • Correlation of sales data with security camera footage to identify and address incidents of employee theft
  • Calculation of shrinkage rates per product category and store location to inform targeted preventive measures
  • Utilization of low-code expression language to customize fraud detection rules and trigger specific alerts or actions
  • Advanced event management capabilities including correlation and aggregation for comprehensive incident analysis

UI/UX

  • Customizable dashboard components allow retail managers to monitor real-time shrinkage stats and performance indicators at a glance
  • Dynamic vector images and icons for enhanced visualization of security events and alerts across floor plans
  • Visual GUI Builder empowers users to design and modify dashboards without needing extensive coding knowledge, enhancing flexibility
  • Role-based access control ensures that only authorized personnel can view sensitive shrinkage data or modify alarm settings
  • Integrated low-code web component SDK facilitates easy creation of tailored visual interfaces for different roles within the organization
  • Configurable alert notifications sent via email or SMS based on user-defined triggers ensure rapid response times to potential incidents

Key Features of Your
Shrinkage and Fraud Reduction Solution

Customers and Partners

  • System Integrators
  • Independent Software Vendors
  • Original Equipment Manufacturers
  • Retail Chains
  • Wholesalers
  • Retail Technology Vendors
  • Logistics and Supply Chain Companies
  • Security Solution Providers
  • Data Analytics Firms

Solution Users and Developers

  • Dedicated low code developers
  • Building automation engineers
  • Retail specialists
  • IoT/IIoT hardware developers
  • Loss prevention supervisors
  • Asset protection specialists
  • Data analysts and business intelligence professionals
Customer success team
Community
Online training

Assistance

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Meet

Start building your IoT app or service by creating a new Application, or continue an already existing project

Install even more modules, plugins, and drivers from the integrated Marketplace

Configure and control every aspect of your Iotellect Server and manage its users with administration tools

Keep an eye on Server health and analyze its performance with the Monitoring dashboard

Find detailed tutorials on using the Platform and answers to a wide variety of questions in the Knowledge Base

Get inspiration from the practical examples found in the IoT business case Demos

Level up your Iotellect skills with the Platform Training Events and share your Platform experiences with our Community

Create and manage resources, set up the deployment environment, and configure the application from a single dashboard

Access the properties, configurations and countless features of every resource used in your current project from the Application Resources tree

Try the Tutorial on how to create a simple IoT application to understand the basics of building a functional IoT solution with Iotellect

Access the properties, configurations, and countless features of every resource in your Iotellect Server from the System Tree

Configure and control every aspect of your Iotellect Server and manage its users with Administration tools

Keep an eye on Server health and analyze its performance with the detailed Monitoring dashboard

Home Screen

Quickly access everything you need, whether starting a new session on the Platform or continuing from where you left off

Development

Build IoT applications of any complexity with ease in a simple, yet powerful, dedicated workspace

Administration

Manage and monitor your Iotellect Server instance, its users and all created resources

improve your business with a perfectly self-tailored

or win more clients with a new

market product

in-house service

Open Demo
Proved Worldwide
Across Industries
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15 000 000 000 000+

data samples collected and processed

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25 000 000+

devices under monitoring and supervision

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40 000+

types of devices and data sources connected via more than 50 supported communication protocols

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300+

SaaS and on-premise partner products created

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80+

countries leverage Iotellect technology

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Start Designing Your PoC
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Group
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Supply Chain Optimization
Group
Smart Retail
Industries
Retail and Wholesale
Match
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