ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

The RealReal Transforms Operations with Motorola Solutions AI-Enabled Video Security Technology

Visual intelligence automates intake for thousands of luxury items and helps cut asset-protection operating expenses by 60%

In the world of luxury resale, every item is a unique SKU, making inventory intake a significant challenge. The RealReal (NYSE: REAL), the world’s largest online marketplace for authenticated luxury consignment, has deployed Motorola Solutions’ (NYSE: MSI) AI-enabled video security solutions to transform inventory intake from a multi-day manual process into a streamlined digital workflow, reducing asset protection operational overhead while securing millions of dollars in luxury assets.

Advanced security is critical in the high-volume consignment industry. Unlike traditional retail outlets that may have 5,000 of the same blue shirt, The RealReal has more than 5,000 one-of-a-kind items. Every high-end luxury watch, bag and bracelet is re-homed from one luxury collection to another. Those that are lost or stolen as they are shipped – from a consignor, to a warehouse or retail store, to a buyer – are not easily replaced.

“Every day we’re taking in thousands of unique items where no two are the same, and a precise chain of custody is critical,” said Robert Cormie, vice president, Asset Protection and Facilities, The RealReal. “Historically, it could take days of manual review to find one misplaced item. With Motorola Solutions, we’ve converted days of manual searching into seconds of automated tracking, cutting asset protection-related operating expenses by approximately 60%.”

The RealReal relies on Motorola Solutions’ AI-enabled video security suite to provide granular visibility into operations. With dozens of cameras deployed across its facilities, The RealReal can rapidly filter video footage to locate a single product using intelligent search capabilities based on a simple physical description. Additionally, The RealReal can use AI to identify unusual motion or sound across locations, shifting its security posture from passively monitoring live feeds to proactively protecting merchandise, where a single misplaced or stolen item could result in significant revenue loss and customer friction.

"The RealReal is a perfect example of how AI transforms the back-of-house,” said Scott Schoepel, vice president, Video Security Vertical Sales, Motorola Solutions. “Retailers need a leaner, more resilient model in today’s era of rising labor and theft costs. Automating the security lifecycle of every item allows The RealReal to turn video security into a driver of efficiency and profitability, helping protect millions of dollars in merchandise while running a smarter, faster business."

Motorola Solutions’ AI-enabled video security suite will be on display at booth #3775 at NRF: The Big Show from Jan. 11 - 13 at the Javits Center in New York.

About The RealReal Inc.

The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods, with over 40 million members. With a rigorous authentication process overseen by experts, The RealReal provides a safe and reliable platform for consumers to buy and sell their luxury items. We have hundreds of in-house gemologists, horologists and brand authenticators who inspect thousands of items each day. As a sustainable company, we give new life to pieces by thousands of brands across numerous categories – including women’s and men’s fashion, fine jewelry and watches, art and home – in support of the circular economy. We make selling effortless with free virtual appointments, in-home pickup, drop-off and direct shipping. We handle all of the work for consignors, including authenticating, using AI and machine learning to determine optimal pricing, photographing and listing their items, as well as shipping and customer service.

About Motorola Solutions | Solving for safer

Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  247.38
+0.00 (0.00%)
AAPL  259.37
+0.00 (0.00%)
AMD  203.17
+0.00 (0.00%)
BAC  55.85
+0.00 (0.00%)
GOOG  329.14
+0.00 (0.00%)
META  653.06
+0.00 (0.00%)
MSFT  479.28
+0.00 (0.00%)
NVDA  184.86
+0.00 (0.00%)
ORCL  198.52
+0.00 (0.00%)
TSLA  445.01
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.