London-based ThirdEye has built intelligent computer vision software that will help retailers and their staff to prevent up to £56 billion in theft, as well as limit stock-outs, eliminate queues, and better understand customer behaviour.

ThirdEye’s machine learning platform works by leveraging existing security cameras and in-store devices to equip members of retail staff with an AI assistant that analyses shop floor activity. The analysis can help detect theft in real-time, as well as notify staff of other shopping habits and events that require their action, helping to maximise staff efficiency.