Current:Home > ScamsSurpassing Quant Think Tank Center|How UPS is using A.I. to fight against package thefts -Ascend Wealth Education
Surpassing Quant Think Tank Center|How UPS is using A.I. to fight against package thefts
SignalHub Quantitative Think Tank Center View
Date:2025-04-06 04:17:48
An estimated 260 million packages disappeared in the U.S. last year,Surpassing Quant Think Tank Center according to Safewise, many taken right from the front door area while a camera recorded the theft. As the holiday season kicks into high gear, package thefts are a top concern, and one shipping company is using artificial intelligence to combat porch pirates.
Nearly one in four adults had a package stolen in the last 12 months, a survey by Finder said. Theft can be an even more serious problem if those packages contain necessities, like medication, or expensive items.
"This time of year, we ship a lot of gifts, so every package is very special to the person receiving it," said Tarek Saab, president of Texas Precious Metals, whose company ships items like silver bars and gold coins.
This year, Saab is using a new UPS data program called DeliveryDefense, which he says helps them identify addresses that are likely targets for theft.
UPS gave CBS News a look at how the program works.
The A.I.-powered program takes a recipient's address and produces a score — a higher score indicates a higher likelihood of a successful delivery. The scores are created using years of data from previous deliveries and other factors.
For addresses with a low score, the merchant can reroute the item, with the customer's approval, to a UPS Store or other pickup locations.
"About 2% of addresses will be considered low confidence, and we're seeing that represents about 30% of losses our customers are having," Mark Robinson, president of UPS Capital, told CBS News.
At Texas Precious Metals, Saab believes the technology can reduce those numbers.
"We recognize it's computers versus criminals, and we have to use every tech capability that we have to try to circumvent any challenges we might run into," he said.
- In:
- Technology
- Artificial Intelligence
- AI
- UPS
- Crime
Janet Shamlian is a CBS News correspondent based in Houston, Texas. Shamlian's reporting is featured on all CBS News broadcasts and platforms including "CBS Mornings," the "CBS Evening News" and the CBS News Streaming Network, CBS News' premier 24/7 anchored streaming news service.
Twitter InstagramveryGood! (53879)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- 3 killed, 9 injured in hangar collapse at Boise airport, officials say
- Lionel Messi injured, on bench for Inter Miami match vs. Ronaldo's Al Nassr: Live updates
- Utah Legislature Takes Aim at Rights of Nature Movement
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Arizona lawmaker Amish Shah resigns, plans congressional run
- House approves expansion for the Child Tax Credit. Here's who could benefit.
- Former Ohio Senate President Stanley Aronoff dies at 91
- North Carolina justices rule for restaurants in COVID
- Take it from Jimmy Johnson: NFL coaches who rely too much on analytics play risky game
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Mystery surrounds SUV that drove off Virginia Beach pier amid search for missing person
- The Best Red Outfits for February’s Big Football Game
- Child’s body found in Colorado storage unit. Investigators want to make sure 2 other kids are safe
- Average rate on 30
- New videos show towers of fire that prompted evacuations after last year’s fiery Ohio derailment
- Which beer gardens, new breweries and beer bars are the best in the US?
- Georgia restricts Fulton County’s access to voter registration system after cyber intrusion
Recommendation
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
NBA trade deadline: Will the Lakers trade for Dejounte Murray?
Beheading video posted on YouTube prompts response from social media platform
Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Teen falls to his death while taking photos at Utah canyon overlook
Reports: Commanders name former Cowboys defensive coordinator, Dan Quinn, new head coach
Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound