Industry Experts Including The Retail Equation To Highlight Emerging Technologies In Asset Protection During NRF Panel

The Retail Equation to Discuss Impact of Big Data Tools on Fraud Identification and Prevention

The Retail Equation, the industry leader in retail transaction optimization solutions, will join fellow experts on a breakout panel titled “Emerging Technologies ” at the National Retail Foundation (NRF) Loss Prevention Conference and Expo on June 11 at 11:30 a.m. in Fort Lauderdale, Fla. During the panel discussion, David Speights, Ph.D., chief data scientist for The Retail Equation, will share key insights on the power of big data in preventing retail fraud, while other panelists will discuss biometrics.

“Big Data is an important topic and this session will shed light on what big data means and how it applies to retail loss prevention operations today,” said Speights. “By monitoring high-risk retail transactions using innovative big data tools and analytics, retailers are able to leverage existing data to improve the shopping experience while effectively protecting the bottom line.”

Speights will explain the complex retail problems that can be solved through the incorporation of big data and predictive analytics, provide real-life examples, and outline the benefits retailers can expect.

With more than 20 years of industry experience, Speights has a strong track record of enhancing business efficiency through application of statistical models. He has several patents, has built predictive models for more than 30 Fortune 500 companies, and is a frequent speaker on analytics and big data. Speights earned a Ph.D. in Biostatistics from the University of California, Los Angeles.

About The Retail Equation
The Retail Equation, headquartered in Irvine, Calif., optimizes retailers’ revenue and margin by shaping behavior in every customer transaction. The company’s solutions use predictive analytics to turn each individual shopper visit into a more profitable experience. This yields immediate financial payback, increasing store comps by as much as two percent, with significant return on investment. The Software-as-a-Service applications operate in more than 27,000 stores in North America, supporting a diverse retail base of specialty apparel, footwear, hard goods, department, big box, auto parts and more. For more information, visit www.theretailequation.com.