January 18, 2016
ShopperTrak Launches New, Groundbreaking Analytics Platform
Advanced Analytics platform integrates multiple data sets, offers visualizations in a single location
CHICAGO – Jan. 18, 2016 – ShopperTrak, the leading global provider of consumer behavior insights and location-based analytics, today introduced its new Advanced Analytics platform, which seamlessly integrates multiple data sets into a centralized location and subsequently provides an unparalleled level of insight for retailers and mall owners/operators.
Advanced Analytics aggregates a variety of data sets – including internal data (e.g., marketing campaigns and ecommerce) and external data (e.g., census, weather and macroeconomic) – in a single platform to ensure that retailers analyze all relevant information in order to understand what is happening in their category, market and store.
Further, the platform allows retailers to integrate their individual data, including traffic gathered from ShopperTrak or third-party devices, in real time. Data visualization and mapping, which are key product features, ensure that trends are easily recognized and understood.
“ShopperTrak’s cutting-edge platform allows retail customers to effortlessly view and digest a variety of meaningful data sets, such as weather, shopper visits, and conversion rates,” said Chetan Ghai, ShopperTrak’s chief product officer. “Our in-depth integration and predictive capabilities offer critical context. Thus, the platform is instrumental in managing store and associate performance, setting goals and evaluating marketing effectiveness.”
Additionally, the platform offers peer grouping (i.e., internal benchmarking) in which retailers can view average traffic, sales, and conversion rates among a group of similar stores and determine how a single store ranks among them. From there, a retailer can implement targets that are dynamically set, based on chain and store success. As a result, retailers are able to influence their store performance like never before.
The new offering will be showcased Jan. 18-19 at booth 3327 during the National Retail Federation Big Show. Non-event attendees should visit http://www.shoppertrak.com/retail-analytics/shoppertrak-analytics-suite/ to learn more.
ShopperTrak is the leading global provider of location-based analytics, offering insights into consumer behavior to improve profitability and effectiveness. Through the use of analytics, ShopperTrak enables clients to better understand their customers, enhance the shopping experience, and ultimately increase traffic, conversion and transaction size.