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New Advances in Predictive Crime
Risk Analytics Help Retailers Pinpoint Shrink with Unprecedented
Accuracy |
 Using new, advanced Big Data modeling, Location, Inc. has released cutting-edge
predictive crime risk analytics in
SecurityGauge. SecurityGauge allows retailers to predict and mitigate shrink
with new precision and unmatched spatial accuracy. Based upon over a decade of
research and development, SecurityGauge has been proven to predict average
annual per-store shrink with greater than 94% accuracy.
In separate blind tests performed with leading retailers from diverse retail
sectors, SecurityGauge crime risk ratings predict actual per-store shrink with
94%-97% accuracy. These tests show that average annual shrink of high crime risk
locations can be more than 3.5 times more than low risk locations. In one test,
high crime risk stores experienced greater than $100,000 in additional annual
shrink over stores SecurityGauge proactively categorized as low risk. Armed with
this knowledge, retailers can precisely and objectively deploy security
resources to store locations with higher return on investment.
Accurately predicting shrink on a store-by-store basis is the first step in
effective shrink mitigation. SecurityGauge uses new technology with unmatched
spatial accuracy to enhance retailers’ capabilities in Loss Prevention and Real
Estate:
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Choose new store locations based upon shrink
predictions at any address. |
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Outfit new stores with security infrastructure
proportional to anticipated shrink rate at time of construction
saving costly retrofitting expenses. |
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Make strategic staffing decisions; hire more
experienced store managers at high crime risk locations. |
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Objectively compare new stores (where historical
shrink data is very limited) to established stores for security
prioritization; SecurityGauge risk ratings put all stores on a
nationally-comparable scale. |
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Estimate future store shrink to forecast security
expenditures utilizing SecurityGauge crime risk projections. |
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Relocate high shrink stores. In some instances,
moving just several city blocks can measurably impact shrink.
SecurityGauge directs retailers to the lowest shrink risk locations
within a desired trade area. |
 Please visit us to get your FREE
SecurityGauge Report at the RILA Asset Protection conference, booth 723
or NRF Loss Prevention conference, booth 1327.
About
Location, Inc.
We’re inventors focused on location-based Big Data analytics. Many of our SaaS
technologies are patented, patent-pending, exclusive or proprietary, and have
been refined over a decade of research and real-world validation. We pride
ourselves in methodologies of the highest caliber utilizing a rigorous
quality-testing regime to ensure precision at every step. We’d love to hear
about your biggest challenges and explore solutions with you.
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