Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Technology
    3. >Smart cameras give physical retailers the ability to compete with online
    Technology

    Smart Cameras Give Physical Retailers the Ability to Compete With Online

    Published by Jessica Weisman-Pitts

    Posted on October 27, 2022

    6 min read

    Last updated: February 3, 2026

    Add as preferred source on Google
    This image depicts smart security cameras installed in a retail setting, showcasing their role in enhancing surveillance. These advanced devices enable retailers to gather real-time data insights on customer behavior, crucial for competing with online shopping trends.
    Smart security cameras in a retail environment enhance surveillance and data insights - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:innovationtechnologyretail tradecustomersfinancial management

    By Paul Brooker, Enterprise Business Development & Acquisition Lead. Exponential-e

    It’s been over 70 years since CCTV first became commercially available. At the time it was considered a revolutionary development, but for most of the next seven decades it hasn’t kept up with the pace of digital change.

    That’s all changing with the advent of smart cameras, which are now flooding the market with a growing range of capabilities.

    These capabilities aren’t simply limited to consumer benefits, such as Amazon Ring’s front door view from a mobile device. Smart cameras offer enormous opportunity for the enterprise world too, particularly for the physical retail sector, which now has access to huge streams of actionable data insights on purchasing behaviours, previously only available to online retailers. But many businesses are yet to realise their full potential.

    Time to change the habit of a lifetime

    There’s one rather large differentiator between CCTV and smart cameras that gives the latter such a huge advantage. The CCTV systems that most retailers are currently using force them to rely on historical footage, rather than the here and now, meaning retailers don’t have the capacity to make real-time decisions. But with smart cameras, they can.

    Smart cameras bring far more intelligence to the world of physical surveillance. Most use powerful processing capabilities and an innovative architecture that minimises both the physical infrastructure and software requirements of each individual device.

    Conversely, the deployment of smart cameras as part of wider IT infrastructures delivers full visibility into customer personas and behaviours, as well as availability status, without requiring staff to inspect individual cameras. This alone is a significant time and money-saver and improves both the reliability of surveillance systems and their availability; they no longer have to rely on clunky physical infrastructure and cables, prone to periods of downtime. Maintenance and installation costs are also significantly lowered because software and configuration updates can be completed remotely, and additional cameras don’t need to be directly connected to physical infrastructure, only via wireless connection. Such plug-and-play infrastructure is likely to make the cost of expansion cheaper and more predictable in the long term.

    Crucially though, access to video footage becomes much easier, in contrast to legacy CCTV, which often requires stakeholders to leverage a team or contact a store manager to pull the video for them before it can be analysed. In the world of integrated CCTV, data is centralised in the cloud so that this can be accomplished from anywhere, whenever needed, by any authorised individuals.

    With such systems in place, retailers can not only maintain shoppers’ physical safety and security, but they give themselves access to new streams of advanced business intelligence.

    These are just some of the technical benefits of smart, networked CCTV deployment, but the business case really comes to life when you consider how smart cameras can drive actionable business intelligence, exceptional value, and enhanced customer experiences.

    Reaching full smart camera potential

    Smart cameras have many different applications within the retail environment; replacing traditional CCTV functionality (at a greatly reduced cost with much more flexibility), is only the beginning.

    Their ability to recognise certain customer behaviours is undoubtedly one of their biggest advantages. Understanding and identifying customer personas and behaviours in such a detailed way – whether it’s a customer leaving the checkout without all their items, their personal characteristics, or even which items they’ve dwelled in front of – is something that has previously only been available to online retailers, giving them the advantage.

    Now, these data streams can be fed into cutting-edge artificial intelligence (AI) tools, which automatically generate accurate customer personas that are used to optimise the wider digital marketing strategy for physical stores. This enables a more personalised and bespoke customer experience, where customers only receive the news, product information, and special offers that suit their persona and will encourage repeat visits.

    For example, imagine if a young individual walked into a coffee shop on their own. Once identified by the shop’s smart cameras, they can communicate with digital displays in front of the customer to produce marketing materials that would be of most interest to them.

    The benefits don’t stop there, either. As shown by Amazon Go, smart cameras also unlock the possibility of cashierless shopping by identifying the products in customers’ baskets as they leave the store, improving their in-store experience. In tandem with other IoT devices the technology, it can also be deployed to streamline restocking and simultaneously preventing theft, which rose by 20% in 2020 compared to 2019 before the pandemic temporarily disrupted in-person retail.

    Advanced behaviour detection is also being incorporated into these smart CCTV systems to improve these statistics further, again leveraging AI and machine-learning tools to identify patterns of criminal behaviour and send automated notifications to the appropriate member of staff. This can be extended to the point of sale, cross-referencing the data generated by CCTV against enterprise resource planning and point of sale systems to automatically flag any suspect transactions. This promises to streamline security procedures, meaning customer-facing staff can dedicate more time to improving service quality.

    Bringing the humble CCTV camera into the 21st Century

    So, the humble CCTV camera is undergoing a fundamental transformation from a practical, albeit limited, security precaution, to a rich source of customer insights, as well as opportunities for process optimisation and service improvement. It’s another great example of how technology is ushering in a new era of high-street shopping, where customers enjoy bespoke experiences that they want to repeat again and again, and staff are given freedom to focus on what they do best.

    What’s so exciting about this innovation is that the capabilities are not limited to retail. There are countless potential benefits for the supply chain too, for instance, smart cameras are set to accelerate the development of driverless forklifts thanks to their ability to identify pedestrians and obstacles and avoid collisions. In fact, smart cameras can be extended into any environment where there is a CCTV requirement, making the opportunity for digital transformation and data-driven insights, endless across multiple industries.

    Frequently Asked Questions about Smart cameras give physical retailers the ability to compete with online

    1What is a smart camera?

    A smart camera is a surveillance device that uses advanced technology to provide real-time data and insights, enabling businesses to monitor customer behavior and enhance security.

    2What is actionable data?

    Actionable data refers to information that can be used to make informed decisions and drive business strategies, particularly in understanding customer behavior.

    3What is customer persona?

    A customer persona is a detailed description of a fictional customer based on market research and real data about existing customers, helping businesses tailor their marketing strategies.

    4What is artificial intelligence (AI)?

    Artificial intelligence (AI) is the simulation of human intelligence processes by machines, particularly computer systems, enabling them to perform tasks such as learning and problem-solving.

    5What is cloud storage?

    Cloud storage is a model of computer data storage where digital data is stored in logical pools, managed by a hosting provider, allowing for easy access and sharing.

    More from Technology

    Explore more articles in the Technology category

    Image for Innovation Through Partnership: The Role of External Tech Teams
    Innovation Through Partnership: The Role of External Tech Teams
    Image for Nominations Open for Technology Awards 2026
    Nominations Open for Technology Awards 2026
    Image for Nominations Open for Innovation Awards 2026
    Nominations Open for Innovation Awards 2026
    Image for Archie earns industry recognition across G2, Capterra, and SoftwareReviews
    Archie Earns Industry Recognition Across G2, Capterra, and SoftwareReviews
    Image for The Bankaool Transformation: How a Regional Mexican Bank Became a Fintech Disruptor
    The Bankaool Transformation: How a Regional Mexican Bank Became a FinTech Disruptor
    Image for Submit Your Entry Today for Digital Banking Awards 2026
    Submit Your Entry Today for Digital Banking Awards 2026
    Image for Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Image for Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Image for Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Image for Entrepreneurial Discipline in the AI Economy: Insights from Dmytro Lavryniuk
    Entrepreneurial Discipline in the AI Economy: Insights From Dmytro Lavryniuk
    Image for Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Image for Call for Entries: Best Digital Wallet 2026
    Call for Entries: Best Digital Wallet 2026
    View All Technology Posts
    Previous Technology PostHow Software Can Take Advantage of Untapped Talent
    Next Technology PostHow HR Innovation Holds the Key to Competitive Advantage in Tech