Milutin Cerovic

Title: Milutin Cerovic: Innovator in Retail Loss Prevention

Introduction

Milutin Cerovic is a notable inventor based in Belgrade, Serbia. He has made significant contributions to the field of retail technology, particularly in loss prevention systems. His innovative approach combines video analysis with motion detection to enhance security measures in retail environments.

Latest Patents

Milutin Cerovic holds a patent for a "System and method for detecting a cart-based loss incident in a retail store." This patent describes a method that involves decoding video frames from a video stream to extract motion vectors. It detects the movement of shopping carts within a cash register lane, tracks their location, and classifies their status based on the items present. An alert signal is generated when a cart is classified in a specific status, indicating potential loss incidents.

Career Highlights

Milutin Cerovic is currently associated with Everseen Limited, a company that specializes in retail technology solutions. His work focuses on developing advanced systems that help retailers minimize losses and improve operational efficiency. With his expertise, he has contributed to the evolution of loss prevention strategies in the retail sector.

Collaborations

Milutin has collaborated with talented professionals such as Djordje Nedeljkovic and Irena Veljanovic. Their combined efforts have led to innovative solutions that address the challenges faced by retailers in loss prevention.

Conclusion

Milutin Cerovic's contributions to retail technology through his patent and work at Everseen Limited highlight his role as an innovator in the field. His advancements in loss prevention systems are paving the way for more secure retail environments.