Walmart Is Using AI to Prevent Checkout Theft Over 1,000 stores are using computer vision tech to watch checkouts and ensure no item ever goes unscanned.

By Matthew Humphries

This story originally appeared on PCMag

via PC Mag

In a bid to cut down on theft and mistakes, Walmart is using artificial intelligence hooked up to cameras monitoring checkouts to ensure every item in your cart is scanned and paid for. This is already happening at over 1,000 Walmart stores.

As Business Insider reports, the system is known internally as Missed Scan Detection and uses computer vision to monitor both manned and self-checkout areas at each store. The system is able to detect when an item goes unscanned, or is mis-scanned, and reports the fault to a checkout attendant who can then approach and rectify the problem.

According to Walmart spokeswoman LeMia Jenkins, "Walmart is making a true investment to ensure the safety of our customers and associates ... Over the last three years, the company has invested over half a billion dollars in an effort to prevent, reduce and deter crime in our stores and parking lots. We are continuously investing in people, programs and technology to keep our stores and communities safe."

When store inventory disappears without being paid for it's known as "shrink." This can happen through theft or mistakes and retailers are obviously very keen to reduce it as much as possible. If Walmart experiences the average for US retailer shrink rates, then it's losing roughly $4 billion a year. With that in mind, you can see why heavy investment and embracing AI to reduce shrink is worthwhile for the company.

One of the companies supplying Walmart with the computer vision tech required to make checkout monitoring possible is Everseen. According to Everseen CEO Alan O'Herlihy, "People make mistakes ... In terms of shrinkage, or loss, that's the main source." And if you're wondering which item causes the most problems, it's milk. O'Herlihy explains, "People find it hard to scan milk ... Sometimes they get frustrated and they just don't scan it."

Matthew Humphries

Senior Editor

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Science & Technology

OpenAI's Latest Move Is a Game Changer — Here's How Smart Solopreneurs Are Turning It Into Profit

OpenAI's latest AI tool acts like a full-time assistant, helping solopreneurs save time, find leads and grow their business without hiring.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Money & Finance

These Are the Expected Retirement Ages By Generation, From Gen Z to Boomers — and the Average Savings Anticipated. How Do Yours Compare?

Many Americans say inflation prevents them from saving enough and fear they won't reach their financial goals.

Starting a Business

I Built a $20 Million Company by Age 22 While Still in College. Here's How I Did It and What I Learned Along the Way.

Wealth-building in your early twenties isn't about playing it safe; it's about exploiting the one time in life when having nothing to lose gives you everything to gain.

Leadership

Why the World's Best CEOs Are Training Like Athletes — and How You Can, Too

Here's what best-in-class leaders can learn from the habits, discipline and mindset of elite performers.

Business News

Here's the Exact Amount of Money You Need to Be Wealthy, According to a Charles Schwab Survey

Financial service giant Charles Schwab's annual Modern Wealth Survey reveals some eye-popping numbers.