Retail Analytics

Major Technologies Used:

Challenges: The brick-and-mortar retailer client struggled to understand customer behavior and optimize operations due to a lack of comprehensive data. Traditional methods of gathering such insights, like manual observation or surveys, were time-consuming, expensive, and limited in scope. They lacked the ability to capture the full picture of in-store activity and missed crucial details that could inform better business decisions. Specifically, the client found it difficult to accurately measure foot traffic, analyze customer demographics, optimize product placement, assess staff performance in real-time, and understand the impact of store layout on customer flow. This lack of data-driven insights lead to inefficiencies in inventory management, staffing, marketing, and overall customer experience.

Our Solution: We used AI to analyze surveillance camera footage, extracting valuable insights that enhance business operations. By processing these video streams, the system generates actionable metrics and demographic data, providing a comprehensive understanding of customer behavior, foot traffic, inventory management, and staff performance. This innovative approach has yielded significant results for businesses, including a 40% increase in customer base, a 25% boost in customer conversion rates, and a 10% reduction in human resource needs. Leveraging surveillance camera data in this way empowers businesses to make data-driven decisions, fueling growth and driving operational excellence in today’s competitive retail landscape