Everseen Sets New 2024 Benchmarks in Vision AI for Retail Innovation

Everseen Sets New 2024 Benchmarks in Vision AI for Retail Innovation

Everseen has unveiled groundbreaking advancements in Vision AI technology for retail, solidifying its position as a leader in the industry.

In 2024, Everseen has achieved several remarkable milestones, including acquiring new patents, launching innovative loss prevention solutions, and introducing advanced inventory management tools. These developments underscore the company’s mission to revolutionize retail operations by addressing critical challenges and enhancing customer experiences.

Patented Vision AI and Shrink Intelligence

Everseen’s 2024 breakthroughs include:

  • New Patents: The company was awarded two significant patents this year—one for anomaly detection and another for cart-based loss prevention. These advancements bring Everseen’s global patent portfolio to 83, covering over 20 unique technology innovations.
  • Enhanced Shrink Intelligence: Everseen has expanded its shrink detection capabilities, identifying and addressing emerging issues like cart-based loss, which accounted for 30% of self-checkout incidents in early 2024.
  • Unmatched Shrink Pattern Recognition: The platform now tracks 30 unique shrink patterns, far outpacing other industry solutions, enabling retailers to mitigate losses more effectively.

Industry Recognition and Proven Results

Everseen’s commitment to retail innovation has not gone unnoticed:

  • Technology Vendor of the Year: The company received this prestigious award at the 2024 RTIH Innovation Awards for leadership in retail technology.
  • AI Excellence: Recognized as a Top 10 AI Company in the UK & Europe by AI Magazine and included in Analytics Insight’s Top 100 Generative AI Companies.
  • Customer Loyalty: With a 100% customer retention rate over the past four years, Everseen now boasts 11 of the top 20 global retailers as clients. Its solutions are deployed in over 8,000 stores worldwide, supporting major brands like Kroger, Meijer, and Woolworths.
  • Impressive ROI: A 2024 Total Economic Impact™ (TEI) study revealed that retailers using Everseen’s Evercheck solution achieved a 374% return on investment (ROI) within three years, with a break-even period of less than six months.

Driving the Future of Retail AI

Everseen’s innovations are transforming retail by optimizing operations, reducing shrinkage, and enhancing customer satisfaction. As retail continues to evolve, Everseen’s advancements in Vision AI ensure that businesses not only meet but exceed the demands of the modern consumer.

For a deeper look into how AI empowers industries and drives innovation, explore How AI Shapes 61% of Brand Content and Enhances Corporate Trust.

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