- Client Name: Cochez / Novey
- Sector / Industry: Retail / Commercial
- Location: Panamá
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Implementation Date: 2019
Summary
Project to implement Artificial Intelligence (AI) solutions, including people counting and facial recognition, for Cochez and Novey's 47 branches nationwide in Panama, with the aim of optimizing security and analyzing customer flow.
The solution is based on Bolide's IPAC technology, using smart cameras and high-performance NVR storage systems, with centralized management through our CMS, allowing for efficient, scalable, and real-time management.
The Challenge
Retail establishments experience recurring losses due to petty theft, which directly impacts monthly financial results. The lack of tools to promptly identify suspicious behavior hinders the implementation of preventative and corrective measures.
Additionally, there is limited visibility into the flow of customers and staff within each point of sale, which prevents having accurate information on the flow and daily operational dynamics.
This scenario raises the need to implement solutions that allow anticipating loss events, improving internal controls, and obtaining reliable analytics, thus facilitating strategic and operational decision-making.
Bolide Solution
Given this scenario, the need arises to implement a robust technological solution that allows anticipating loss events, strengthening internal controls and generating reliable analytics, facilitating strategic and operational decision-making.
In this regard, Bolide Technology offers a comprehensive solution based on its IPAC line, which incorporates smart cameras with edge analytics, capable of performing functions such as people counting, facial recognition and real-time event detection, without being completely dependent on centralized processing with an average of 2500 cameras.
The architecture is complemented by high-performance Bolide NVRs, designed to ensure secure and efficient storage, as well as continuous and reliable operation.
Additionally, the entire solution is managed through Bolide's centralized CMS, allowing unified management of the 47 branches, real-time monitoring, report generation, and access to key information for operational optimization.
This technological integration positions Bolide as a scalable, efficient, and results-oriented solution, aligned with the current security and analytics needs of the business.
Results and Benefits
Implementing Bolide Technology's solution generates direct benefits in reducing operational losses by enabling the early identification and prevention of events associated with petty theft, significantly strengthening internal controls.
Through IPAC edge analytics, real-time visibility into customer and staff behavior is obtained, enabling the generation of reliable flow indicators, optimization of resource allocation, and improvement of operational efficiency at each branch.
Integration with high-performance NVRs ensures continuous, secure, and highly available storage, guaranteeing access to evidence and facilitating auditing and monitoring processes.
Through Bolide's centralized CMS, unified and efficient management of the 47 branches is achieved, with real-time monitoring, generation of consolidated reports and total control of the operation from a single point.
As a result, the solution allows:
- Reduce losses and operational risks
- Improve security and internal control
- Optimize operations based on real data
- Increase efficiency and productivity
- Facilitating strategic decision-making
Overall, this solution translates into a positive impact on business profitability, through a safer, more efficient, and results-oriented operation.
End User
- Name: Cochez y cia
- Website: www.cochezycia.com
- Industria: Retail
- Country: Panamá
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City: Panama City