September 8th 2016
IRVINE, Calif. (September 8, 2016) – The Retail Equation and Sysrepublic, industry leaders in retail analytics solutions and the newly merged retail business unit of Appriss, will present a case study on “Next Generation Threat Prevention: Combining Retail, Social Media & Incarceration Data” at the at the ASIS International 62nd Annual Seminar and Exhibits in the Orange County Convention Center in Orlando, Fla., the world’s most influential security conference and trade.
show. The session will take place on September 13 from 9 to 9:50 a.m. in the Integrator Session Theatre. The Retail Equation and Sysrepublic have protected $1.3 trillion in annual revenue and processed 40 billion retail transactions throughout 75,000 retail locations in 25 countries around the world.
Adi Raz, senior director, data sciences and modeling, and Vishal Patel, Ph.D., senior data scientist with The Retail Equation, will discuss how applying advanced predictive models and machine learning algorithms to retail data combined with law enforcement, mug shot and social media data is reshaping retail loss prevention. Big data and advanced analytics add a new layer to retail loss prevention programs that reduces shrink, fraud, and other losses in addition to improving business operational efficiencies.
With solutions deployed in retail locations across four continents, The Retail Equation and Sysrepublic evaluate an unprecedented amount of employee, consumer, and transaction data, and in turn, are able to provide powerful insights to help retailers understand and improve their business.
The Retail Equation, an Appriss company, optimizes retailers’ revenue and margin by shaping behavior in every consumer transaction. The company’s solutions use predictive analytics to prevent fraud and abusive returns and then turn each individual shopper’s purchase or return into a more profitable experience. This yields immediate financial payback, increasing store comps by as much as 2 percent, with significant return on investment. The Software-as-a- Service applications operate in stores across a diverse retail base of specialty apparel, footwear, hard goods, department, big box, auto parts and more. For more information about The Retail Equation, visit www.theretailequation.com.
Sysrepublic, a part of The Retail Equation, was founded by a team of highly successful IT retail experts in 2002 and is currently considered a global retail data analytics leader. The company leverages proprietary integration systems and database structuring to provide a comprehensive analytical view of user actions and process inefficiencies across a variety of risk areas including: point-of-sale, supply, inventory, finance, pharmacy, returns, and human resources. The company has offices in Los Angeles, London and Warsaw. For more information about Sysrepublic, visit www.sysrepublic.com (https://www.sysrepublic.com).
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