Retail loss prevention and asset protection software solutions help retail stores to keep products safe, and prevent retail theft and inventory loss by identifying shrinkage causes and prescribing a suitable solution. These solution providers collect data from IoT-enabled devices such as product tracking tags, security cameras, and motion sensors and are combined with a strong software system. With these analytics and insights, they assist an organization in creating loss prevention strategies. By implementing loss prevention policies and procedures backed by modern technology, retailers can reduce shrinkage, bolster security, and keep employees safe.