In recent years, shoplifting has surged at an alarming rate, posing a growing challenge to retailers both in Singapore and worldwide. The data paints a concerning picture:
📈 Singapore’s Rising CasesIn just the first half of 2024, Singapore reported 2, 027 shop theft cases, a noticeable rise from 1, 849 in the same period of 2023. The trend has been escalating year after year—3, 939 cases in 2023, a 21.4% increase from 3, 244 in 2022. Even looking back further, the numbers have been climbing consistently from 2, 652 cases in 2021 and 2, 500 in 2020. (The Straits Times - https://str.sg/nLt2)
🌍 Global ImpactRetail theft is not just a local concern—it’s a worldwide crisis. According to the National Retail Federation’s 2024 report, the average number of shoplifting incidents per retailer skyrocketed 93% in 2023 compared to 2019. The financial toll is staggering, with losses reaching $121.6 billion in 2023, and projections indicating this figure could exceed $150 billion by 2026. (NRF.com - https://nrf.com/research/the-impact-of-retail-theft-violence-2024?utm_source=chatgpt.com)
Driving Question:How can a system identify and respond to potential theft attempts in real-time? What technologies can be integrated into a system to identify suspicious behaviors and prevent shop theft?
🚨 Why This Project?With shoplifting becoming an increasing financial and operational burden for businesses, it is critical to implement smarter security solutions. This smart door automation system was initiated to combat retail theft, enhance surveillance, protect businesses from mounting losses and ensure smooth customers' experience. This system will feature advanced IoT integration for enhanced security, seamless access, and real-time monitoring.
It will not only prevent theft but also optimize energy use and integrate with other smart technologies, creating more efficient and secure environments.
YouTube Video Link:Prototype:
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