BUSINESS INTELLIGENCE
Should I expand my stores to other cities in 2022?Thursday, March 24, 2022 Retail store expansion strategies are one of the most fundamental issues for growing retailers. Opening a new store can be a game changer if you get the location right, or your new store could be doomed to failure if the location doesn’t attract enough customers. In addition to geographical factors, such as transportation accessibility and real estate prices, demographic factors and mobility patterns in the areas of interest play a key role in decision making. These data on population, purchasing power and consumption habits are what generate an optimal expansion strategy.
BUSINESS INTELLIGENCE
Branch expansion with predictive analyticsThursday, March 24, 2022 Predictive location, and foot traffic analytics reveal valuable information that helps retailers to choose the right location when setting up geographic expansion strategies. How are predictive analytics models used to determine the optimal location for a new facility?
BUSINESS INTELLIGENCE
How to create the best branch expansion strategy?Tuesday, March 15, 2022 To ensure the success of branch expansion strategies for site selection plans, it’s necessary to compare the business model with the the potential market needs and build the corresponding strategy, location and foot traffic analytics are the best tool to do so. Foot traffic data gives retailers a competitive advantage in site selection by helping to visualize how local market dynamics have changed over a long period of time, uncovering new opportunities and insights in real time that would not necessarily have been evident through more traditional or one-dimensional data sources.
BUSINESS INTELIGENCE
Footfall analytics for site selection strategiesTuesday, March 8, 2022 The secret to site selection in such a competitive market is based on the ability to analyze the right data and be able to understand and interpret the site selection strategies of nearby locations to stay ahead of their expansion plans and gain a competitive advantage. Where? This is the fundamental question that guides any site selection decision. Tools such as location intelligence and footfall analytics enable the aggregation, analysis and visualization of spatial data and bring significant advantages to the site selection process.
BUSINESS INTELLIGENCE
Predictive models for maintenance servicesTuesday, March 8, 2022 Predictive maintenance based on big data and geospatial data seeks to define the best time to perform work on an asset, so that maintenance frequency is as low as possible and reliability is as high as possible without unnecessary costs. Maintenance teams are beginning to embrace the use of big data and predictive modeling to improve performance, which helps establish maintenance programs that reduce downtime and save maintenance costs, while extending the life of their equipment, reducing unnecessary tasks and optimizing spare parts inventory.
CONSTRUCTION PLATFORM
Energy Sector: $15 Million for Solar Plant ConstructionTuesday, February 22, 2022 A solar plant will be built in Panama with a capacity of 5 MW that can be expanded to 20 MW, in order to use a source of clean and renewable energy to reduce carbon dioxide emissions. CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
BUSINESS INTELLIGENCE
Predictive modeling for site selection strategiesTuesday, February 15, 2022 Retailers need to use predictive modeling and combine it with business, customer, and market data in order to forecast sales or new businesses profitability. Predictive modeling is a highly effective way to identify a suitable area for expansion strategies, as it has become a vital tool for narrowing down hundreds of potential sites or even a single site. When a potential site is identified, it’s combined with additional layers of data to determine if it meets the model’s requirements, sales performance targets, and other critical factors for any business requirements. Read the full article here
BUISNESS INTELIGENCE
Which shopping center should I choose to open my store?Wednesday, February 2, 2022 The key to attracting potential customers to any new location is to determine its foot traffic potential, the use of geospatial data combined with footfall analytics makes the retail site selection process easier, faster, and more reliable. At PREDIK Data-Driven we support corporations by optimizing their site selection strategies with 100% data-driven methodologies. One of our clients, a major regional footwear retail corporation, was able to determine in which shopping mall it was more convenient to open its first brick and mortar store, thus reducing investment risks and maximizing its revenues, having identified its potential customers and its target market in the malls.
BUSINESS INTELLIGENCE
How do I get my business back on track after the pandemic?Wednesday, February 2, 2022 Location analytics is taking its place as a key tool for identifying what consumers want and need, regardless of their wealth or demographic status. COVID-19 has led to completely unexpected behavioral changes. How can location intelligence help in the recovery of any type of business?
BUSINESS INTELLIGENCE
Micro-mobility to determine where to locate retail storesWednesday, February 2, 2022 Micro-mobility analytics improve retailers’ expansion strategies by accurately identifying consumer demographics, understanding customer behavior, and understanding how their competitors are performing. Micro-mobility is a methodology that combines geospatial data and foot-traffic analytics to solve several problems and improve site selection strategies by helping to understand how people move around specific brick n’ mortar locations, allowing companies to analyze movement patterns around specific locations, such as retail stores, to extract meaningful information.
CASE STUDY
Foot traffic analytics: Mercadona Vs. LIDLWednesday, December 29, 2021 Supermarkets can apply location intelligence techniques and footfall analytics to understand consumer mobility patterns, generate efficient site selection strategies, understand the performance of their stores, and estimate competitor turnover. The correlation between foot traffic visitation, sales, and the success of retail supermarkets have been studied and proven, so the development of this type of analysis has become a priority in the site selection process and expansion strategies.
BUSINESS INTELLIGENCE
N1 City South Africa POI AnalysisMonday, December 27, 2021 Footfall analytics and POI characterization through Big Data are being used by different business sectors in order to make smarter business decisions and thereby maximize their revenues and optimize their costs. Case Study: POI analysis of N1 City in Cape Town, South Africa
CASE STUDY
Foot traffic in a popular South African hardware storeThursday, December 23, 2021 Foot traffic analytics and point-of-interest analytics help large chains supplying contractor-grade building materials and home improvement products measure footfall and understand consumer behavior patterns in any given zone of interest or point of sale. Case Study
CASE STUDY
Footfall analytics: McDonald’s Vs. Burger King South ÁfricaThursday, December 23, 2021 Footfall analytics have revolutionized the way retailers implement site selection, commercial and operational strategies in the quick-service restaurant franchise market. The correlation between location and footfall analytics, visits, sales, and the success of retail fast-food franchises have been studied and proven, so the development of this type of analysis has become a priority in the site selection process and expansion strategies.
BUSINESS INTELLIGENCE
How to profile mall visitors?Tuesday, December 21, 2021 POI characterization through Big Data has become more frequent as it allows the implementation of strategies and site selection solutions within the various business sectors. Leaders use these techniques to make more efficient and concise decisions that generate greater profitability by maximizing revenues and optimizing costs. |
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