InStore.ai, a pioneer in voice-driven business optimization for the retail industry, has entered into a strategic partnership with the Loss Prevention Research Council (LPRC), a respected organization focused on preventing and detecting theft, fraud, and violence through collaborative research and evidence-based solutions. LPRC works alongside more than 95 major retailers, 150 solution providers, 25 law enforcement agencies, and academic institutions to address critical issues in safety, loss prevention, and fraud.
The partnership brings together InStore.ai’s innovative voice analytics technology and LPRC’s deep expertise in evidence-based safety strategies. This collaboration aims to provide retailers with new tools and practices to reduce theft, enhance workplace safety, and support a more secure shopping experience. InStore.ai’s AI-powered platform, which analyzes conversations between employees and customers in physical retail environments, is delivering measurable improvements in operational efficiency, customer experience, and revenue. With the recent addition of automated alerts and notifications for timely events in stores, its potential is being harnessed to address some of retail’s most persistent safety and security challenges.
“Partnering with InStore.ai opens up a world of possibilities from the rich and organic insights about the experience of store employees and customers at scale. This depth of understanding
was previously cost prohibitive, and we are now able to apply our research in new ways that can deliver real impact for retailers,” said Dr. Read Hayes, LPRC Executive Director and UF Research Scientist. “By combining InStore.ai’s advanced capabilities with our domain expertise, we can equip retail leaders with innovative solutions to create safer, more secure environments for both employees and customers.”
InStore.ai’s technology has already proven its value in areas like increasing basket size, improving loyalty, and addressing operational inefficiencies. This partnership expands those capabilities into critical loss prevention and safety applications.
“Our retail partners are consistently looking for solutions to address theft and safety challenges, and we’re thrilled to collaborate with LPRC to deliver meaningful innovation to solve these challenges,” said Jay Blazensky, CEO and Co-Founder of InStore.ai. “Together, we can help businesses not only protect their bottom line but also foster safer, more positive environments for employees and shoppers.”
This collaboration represents a step forward for the retail industry, combining the leading edge artificial intelligence with data-driven strategies to tackle safety and loss prevention. By working together, InStore.ai and LPRC aim to empower retailers to more efficiently and impactfully navigate these challenges with confidence and success.
Instore.ai is at the forefront of leveraging artificial intelligence and voice analytics to enhance customer experiences. InStore.ai’s innovative solutions provide retailers with valuable insights to drive engagement, loyalty, operational efficiency, and safety.
