If we take a close look at asset protection and supply chains with regard to physical security and operations teams in organizations across the world, the majority of them have been lagging behind compared to cybersecurity. While some are unaware of the great possibilities, others are skeptical about adopting advanced technologies and tools.
To change this scenario entirely, Stephane Levy founded BeamUP with the aim to equip enterprise physical security and operations teams with the advanced tools that have propelled cybersecurity forward. Levy says, “By doing so, BeamUP ensures that these teams can proactively manage risks, particularly in the supply chain, and protect critical assets, making physical security a crucial component of organizational resilience.”
Helping Businesses Protect Assets and Reduce Losses
BeamUP was established in 2019 with the mission to transform physical security and facility operations by empowering physical security and operations teams to attain the same level of sophistication that cyber teams have achieved. The company places a strong emphasis on asset protection and supply chain loss prevention.
BeamUP optimizes key areas critical to success for supply chain, retailers, and logistics, including inventory shrinkage, on-shelf availability, customer satisfaction, and warehouse efficiency. For retailers, approximately every 1% of out-of-stock items can result in a 4% loss in gross margin. Not only do retailers lose revenue due to inventory shrinkage, but they also risk losing customers when products aren’t available on the shelf. A dissatisfied customer might walk out, avoid purchasing other items, and may never return. Furthermore, poor delivery experiences can permanently damage customer loyalty.
The impact of shrink on potential revenue is substantial, costing retailers billions each year. BeamUP’s solutions help recover this lost revenue and retain valuable customers. By combining data science and artificial intelligence (AI), BeamUP improves data reporting, analysis, and aggregation within the physical security and operations department. This technology automates processes supports strategic decision-making, and provides data-driven insights. Overall, this is extremely helpful in protecting assets as well as reducing losses.
The Vision Behind Establishing BeamUP
Founder & CEO, Stephane Levy launched the business with the vision of “elevating enterprise physical security and operations teams’ capabilities to match the advancements already achieved in cybersecurity, with a particular focus on supply chain loss prevention and asset protection.” In the five years of its successful establishment, BeamUP has helped these teams utilize emerging technologies strategically.
These advancements allow the physical security and operations department to proactively address and mitigate risks. Needless to say, it is this role that places BeamUP as a leader in the digital evolution of organizational facilities and physical security operations.
Boosting Operational Efficiency and Physical Security
To help physical security and operations teams achieve the same advancements as cybersecurity teams, BeamUP leverages advanced data science and AI techniques. The company’s platform enables teams to analyze and aggregate data while applying emerging technologies to support strategic decisions—capabilities that have proven highly effective in cybersecurity. This approach safeguards essential assets within the supply chain, proactively mitigates security threats, and significantly improves operational efficiency.
Inventory shrinkage is a significant challenge for retailers, directly impacting their bottom line. BeamUP’s platform not only helps reduce shrinkage but also ensures on-shelf availability, enhancing customer satisfaction by improving last-mile delivery and addressing operational inefficiencies in warehouses. These optimizations are critical for retailers, as a single percentage point in out-of-stock items can lead to a 4% loss in gross margin. BeamUP’s solutions ensure that products are always available to meet customer demand, thereby protecting revenue and retaining customers.
Helping Businesses Manage Physical Assets and Operations
Businesses often face challenges such as siloed data, insider threats, shrinkage, and asset protection when managing operations and physical assets within their supply chains. BeamUP addresses these challenges with AI-driven solutions, offering a comprehensive view that enhances operational efficiency and decision-making.
The AI-driven platform provides data-driven insights and predictive analytics to improve security. Levy adds, “BeamUP also automates many manual processes, such as compliance checks and reporting, enabling teams to operate at the same level of efficiency as cyber teams, particularly in protecting assets and reducing losses.”
Furthermore, the platform integrates data from a variety of security systems and operational processes to help teams identify threats and vulnerabilities prior to their impact across the supply chain. By identifying anomalies and patterns, BeamUP helps businesses take proactive measures, ensuring the security and continuity of their businesses. Levy believes that this capability is essential for decreasing losses and protecting assets, “bringing Physical Security closer to the proactive and predictive risk management already practiced in Cyber Security.”
AI: Automating Processes Within Facility Operations
Artificial intelligence plays a significant role at BeamUP, particularly in breaking down data silos by integrating and harmonizing data across various operational processes and physical security systems.
BeamUP’s platform automates data wrangling, ensuring that data is consistent, clean, and ready for analysis. This unification enables teams to gain a holistic view of their operations, leading to informed decision-making and enhanced asset protection.
In fact, when it comes to the advantages of AI, there are numerous benefits. To begin with, it is capable of handling large amounts of data from multiple sources, including security, asset management, and supply chain systems. What’s more, it is capable of quickly determining anomalies and patterns, which is essential to detect and prevent asset loss within the supply chain.
This isn’t it – AI empowers teams to make proactive, data-driven decisions based on evidence, which is ideal for protecting assets and mitigating risks. And it goes without saying that AI works around the clock, which ensures continuous monitoring and analysis.
How is BeamUP Unique in the Industry?
BeamUP’s technology is unique in its ability to address critical areas such as inventory shrinkage, on-shelf availability, customer satisfaction, and warehouse efficiency for supply chain, retailers, and logistics. By minimizing losses, ensuring products are always available, and improving delivery experiences, BeamUP helps retailers protect their bottom line and enhance customer loyalty.
The impact of BeamUP’s AI-driven platform on businesses is remarkable. It has helped its clients address issues in supply chain security and asset protection, boosting operational productivity, optimizing security measures, and predicting and mitigating shrink incidents.
The results have been significant, including a reduction in shrinkage by over 30% and substantial improvements in asset protection. This demonstrates how BeamUP’s technology allows physical security teams to operate with the same level of sophistication as cybersecurity teams, transforming their approach from reactive to proactive management.
What does the Future Hold for BeamUP?
Having established itself as a leader in modernizing security and facility operations, BeamUP is not slowing down. The company envisions a future where artificial intelligence is integral to managing physical assets, with a strong emphasis on asset protection. As the company grows, it plans to further advance its solutions, which will lead to better operational efficiency, improved asset protection, and more strategic decision-making.
Levy shares, “BeamUP’s upcoming plans also include expanding the platform’s capabilities in areas like insider threat management, ensuring that Physical Security & Operations teams can fully leverage emerging technologies to protect assets and optimize operations, particularly within the supply chain.”
In addition, BeamUP is looking to further its global expansion beyond asset protection – it is continuously adding more capabilities and powerful insights. With its ongoing development and efforts toward a better future, BeamUP is forming new use cases for operations as well as loss prevention teams.
Pull Quote: “BeamUP’s AI-driven platform unifies data from various security systems, enabling comprehensive analysis and data-driven insights, moving Physical Security and Asset Protection teams from reactive to proactive and predictive management.”
Description of the Company: BeamUP is a company focused on fusing data science and AI with the cybersecurity tech stack to improve physical security and boost the operational efficiency of organizations across the globe.
Company Name: BeamUP
Founding Year: 2019
Office Locations: California, London, Tel Aviv, and Texas
Official Website of the Company: www.beamup.ai
Name of the Featured Leader: Stephane Levy
Designation of the Leader: Founder & CEO
