(R)Tech Asset Protection:
(R)Tech is a new term that describes the confluence of retail and technology. An (R)Tech company embodies the strongest values of both industries – global and local, nimble and entrepreneurial – to delight profoundly empowered consumers. The term is meant to accelerate retail innovation and to invigorate retail's reputation with innovators.
(R)Tech Asset Protection: Innovation Awards showcase game-changing technology that mitigates total retail loss and recognizes visionary companies that are developing these solutions.
Award finalists are identified by an esteemed group of AP technology experts ahead of RILA's annual Retail AP Conference. Winners are selected by conference attendees and announced from the general session stage at the conference. Award recipients receive industry recognition, press exposure, enhanced networking opportunities, and more!
2017 Award Winners
1st Place - Digital Safety USA
"The exposure and
prestige of winning the 2017 RILA Innovation Award opened many doors for
Digital Safety (DiSa). As a result, DiSa has been engaged by retailers in
Europe, North America and Latin America on implementing our solution."
-Adam Hartway, Chief Executive Officer, Digital Safety USA
Safety offers Point-of-Sale Activation (PoSA) technology for
"intelligent" products and single-scan UPC serialization for both
"intelligent and non-intelligent" products. PoSA benefits
include, but are not limited to, open sell of product which promotes increased
sales, reduced shrink, elimination/reduction in cost from current theft
deterrent solutions, reduction in returns fraud, promotes PI accuracy, and
allows for true, non-assisted self-checkout options for the customer.
2nd Place & Retailers' Choice - Profitect
Shrink Forecasting Solution uses machine learning, pre-shrink indicators, and
predictive modeling to analyze correlations between data patterns and store
behaviors. Consistent results of 87% accuracy enable retailers to identify
real-time ranking of which products and stores are "shrinking"
thereby requiring an action to change the outcome.
3rd Place - Wal-mart Stores, Inc.
Wal-Mart’s Project Redemption provides a chain wide view of in
store and dotcom transactions for Walmart/Sam’s gift cards. The system allows
for fast visualizations, focused on customer protection, fraud loss and
business insights in one platform.