Billerica, Mass., Oct. 11, 2017 – Oncam, the leading provider of 360-degree video capture and business intelligence technology, announced today it has been honored with two awards as part of Retail Risks’ Fraud Awards 2017 program. Oncam, alongside partner Video Analysis Solutions (VAS), was named the winner of the Most Innovative In-store Solution for its Live Customer Occupancy Watch platform and received a “highly commended” recognition in the category of Most Innovative In-store Surveillance for its one box video surveillance solution.
Each year, the Retail Fraud Awards highlights advanced technologies, programs, teams and services designed to reduce retail fraud and enhance loss prevention efforts. Submissions are judged by leading retailers across the globe, including representatives from Amazon, adidas, JD Sports Fashion, Cotton On Group, McDonald’s and more.
Oncam and VAS were awarded for its collaborative effort to provide a holistic approach to customer-based analytics using Oncam’s award-winning, 360-degree surveillance solutions and VAS analytics software. The Live Customer Occupancy Watch platform uses captured video to determine customer conversion rates, high-traffic areas, customer-to-employee ratio information that can be used to boost customer service, and much more. The result is a solution that utilizes IP surveillance, along with key business intelligence capabilities that many retailers demand in an effort to deliver higher levels of customer service, operational efficiency and the protection of critical assets within a store.
“Partnership is the key to our success and this award demonstrates how our focus on understanding specific retail requirements delivers real-world results,” said Scott Brothers, Executive Vice President of Corporate Development, Oncam. “We continually align ourselves with key stakeholders both on the loss prevention and retail side to understand their operation and needs. The collaboration between Oncam and VAS has grown at an ever-increasing rate to ensure we are aligned in how we support the retail community, both technically and culturally. ”