Loss Prevention Research Council Weekly Series - Episode 28 - Edge Computing and Livestreaming in USA
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Dual flu & COVID-19 vaccine to start trials in Hong Kong. By 2021, there will be an estimated 1 billion CCTV cameras. In this episode, Dr. Read Hayes, Tom Meehan, and Tony D’Onofrio discuss these topics and more, including IMPACT 2020, edge computing, live-streaming shopping in the U.S., Proud Boys, and Internet of Things security risks.
Data on camera usage / expansion from Safety.com. USA has one camera for every 4.6 people. China, one camera for every 4.1 people. Of the 238 times on camera per week, 14 times at your home or neighborhood, 160 times while driving, 40 times while at work, and 24 times while shopping or running errands.
Edge computing and new shopping journeys data from IHL Group. Margin loss from not optimizing new shopping journeys: Buy online / return to store -5.5%; local delivery from store -8.2%; buy online pickup in store -5.5%, etc. Edge computing and microservices architectures key drivers to improve margins.
From Wall Street Journal, online sales now at 16% of total retail sales. Livestreaming a $129 billion ecommerce business in China, up 453% over the last three years. Amazon, Facebook, and Instagram have launched or are testing live sales platform. Apparel is the sector that desperately needs livestreaming as they will not recover until 2023.
