rtp webinar-fujitsu-cisco-08-9-2016-final deck-opt (1)
TRANSCRIPT
#AnalyticsInStore
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#AnalyticsInStore
Panelists MODERATOR:DebbieHaussEditor-in-Chief,RetailTouchPoints
Ashees SinhaPracticeArchitect,[email protected]
JoeHniloVicePresident,SoftwareBusinessFujitsuAmerica,[email protected]
Ashees SinhaPractice Architect, Cisco SystemsAugust 9, 2016
Digitization of Customer Experience
throughCisco Connected Mobile Experiences
(CMX)
6© 2016 Cisco and/or its affiliates. All rights reserved.
A Mobile World
1Cisco® Visual Networking Index (VNI) Report
Mobile Devices Increase to Over 10 billion by 20181
Organizations Looking toMonetize Wi-Fi
Wi-Fi as a Platform to Deliver Services
8© 2016 Cisco and/or its affiliates. All rights reserved.
What if You Could…?
§ Send location and dwell-time notifications?
§ Offer personalized promotions?
§ Access customer analytics?
§ Show maps with featured attractions?
§ Deliver personalized third-party advertising?
§ List nearby amenities?
§ Reduce wait times, improve traffic flow?
§ Provide gate directions?
§ Deliver third-party advertising ?
§ Offer way-finding patient apps?
§ Simplify onboarding?
§ List nearby services?
§ Improve safety and security?
§ Provide intuitive campus maps?
§ Enhance tours and stadium experiences?
Retail EducationHealthcareTravelHospitality
Consumers StudentsPatientsPassengersGuests
12© 2016 Cisco and/or its affiliates. All rights reserved.
90%
Of shoppers use their phones while in store**
96%of shoppers prefer to shop in
locations with free Wi-Fi*
71%Of shoppers say their device has become more important in their
instore experience
Shoppers Rely on Mobile Devices While Shopping
“Shoppers want to stay connected while they’re here, which makes mobile access the key.”
13© 2016 Cisco and/or its affiliates. All rights reserved.
What it Brings to Your BusinessCustomer Engagement and Insights
25% of Customers Buy on Their Mobile Device While in Store
Lift in conversion
Extends digital investments into the store
New source of shopping insights
Test store layouts and fixtures with more precision
Cater to preferences of various demographics
Increase effectiveness of associates
Increase customer loyalty
“Knowing our customers is key to being able to engage and inspire them...Understanding their behaviour in the store is key to our multichannel leadership strategy.”
14© 2016 Cisco and/or its affiliates. All rights reserved.
Companies that make extensive use of customer analytics• 126% profit improvement• 23X more likely to outperform
competitors in new customer acquisitions
• 21X more likely to migrate customers to profitable segments
Customer Insight drives Customer Experience
86% of Consumers Will Pay More For a Better Customer Experience
CashierCashier
Dressing Rooms
Jewelry
Junior's
Formal W
earShoes
Empl
oyee
Onl
y
Men's Boy’s Girl’s
Women's
Suite
s Belts
Cosmetics
Sleepwear
Swim Wear
Bedd
ing
Kitc
hen
Seas
onal
Low TrafficLow Product
Demand
Overcrowding
No Shoppers, change display?
Shoppers not reaching interior
High Traffic, Need more Associates
24© 2016 Cisco and/or its affiliates. All rights reserved.
Capabilities: Traffic Quantification
Hyper Awareness
Informed Decision Making
▪ Understand shopper behaviors
▪ Connecting silo’d customer data sources
▪ Insight into who did and did not make a purchase during visit
▪ Identify highest value customers
Business Challenge
▪ Traffic Quantification
▪ Tailored Brand-Specific Guest Wi-Fi Experiences
▪ Comprehensive Conversion Capture
▪ Labor Optimization
▪ Loss Prevention
Business Capability Enabled
▪ Greater understanding of shoppers desires and needs
▪ Deliver differentiated and relevant engagements
▪ Provide relevant and world class experiences each visit
▪ Personalized attention for high value customers
Business Outcome
Fast Execution
25© 2016 Cisco and/or its affiliates. All rights reserved.
Use Case: Way Finder
▪ Create more compelling shopping experiences
▪ Differentiate between regular shoppers and loyal/preferred
▪ Deliver relevant ads based on known customer preferences
▪ Avoid lines for check-out
Business Challenge
▪ Enable customers to navigate within the mall
▪ Integrate location and big data analytics
▪ Drive loyalty with location-based capabilities
▪ Insert targeted ads onto guest’s mobile app
Business Capability Enabled
▪ Convert regular shoppers to preferred loyal shoppers
▪ increase revenue with relevant promotions
Business Outcome
26© 2016 Cisco and/or its affiliates. All rights reserved.
Use Case: Location Based Pushed Notifications
Connect Welcome Promotion Analytics
▪ Understand shopper needs and likes
▪ Reward loyal shoppers without overwhelming them
▪ Deliver real time promotions
▪ Stock stores to customer preferences
Business Challenge
▪ Deliver personalized in-store shopping experiences
▪ Provide relevant information that helps make the purchase decision
▪ Insert targeted ads onto retail app (where the shopper is using one)
Business Capability Enabled
▪ Increase revenue throughreal-time deal notifications and brand promotions
▪ Adapt to drive customer loyalty
▪ Build strong customer relationships with differentiated, valuable engagement
Business Outcome
29© 2016 Cisco and/or its affiliates. All rights reserved.
Enhancing the Customer Experience Through Analytics
Phase 1: Wi-Fi Only Phase 2: Wi-Fi, POS Phase 3: Wi-Fi, POS, CRM, Social
PresenceDetection
Aisle Traffic Flow
Department Traffic FlowPresence
Detection
Fixture Dwell Time
DepartmentDwell Time
Dept Path Analysis
Associated Device Traffic
AssociateEngagement
QueueManagement
CustomerDemographics
SocialEngagement
Store Layout
Heat Maps
Zone Analysis
Loss Prevention
Dwell Conversion
Department Conversion
OmniChannelExperience
Customer LoyaltyShowrooming
Customer Intimacy/Personalization
Busi
ness
Impa
ct
HIGH
LOW
Detailed TrafficConversion
E-commerce
31 © 2015 FUJITSU
Connect. Challenge. Inspire.
FUJITSURetail Solution Engagement Analytics
Joe HniloVP, Software BusinessFujitsu AmericaAugust 9, 2016
32 © 2015 FUJITSU
Fujitsu in Retail – at a glance
Revenue
$1.6b
Solutions
Retail R&D/Innovation
>$20m
Years
50
Global Retail Strategic Team Partnerships
8,000
Countries
53Analytics
Omni-channel Self ServiceICT Services
Customers
>500
Copyright Fujitsu 2016
34 © 2015 FUJITSU
Retail Engagement Analytics
Transforming Retail Operations and Shopping Experience in the Store
38 © 2015 FUJITSU
Fujitsu Retail Engagement Analytics
q Fujitsu Retail Engagement Analytics provides retailers with an effective solution for understanding and analyzing shopper behavior while they are present in the store:
§ Collect and aggregate live customer location data§ Combine location data with sales data to provide actionable
insights§ In-store traffic monitoring and alerting for better store
operations§ Patented Automated Flow Discovery to visualize traffic flows§ Visualized analytics insights - dashboard/heat maps/flow
maps § Secure cloud hosting with global reach§ Strategic partnership with Cisco
Copyright Fujitsu 2016
39 © 2015 FUJITSU
Core Benefits for Retailers
We can track key customer behavior in the store…
Number of people by store & zones
Peak time in store/zone
New compared to repeat visitors
Common traffic patterns
Where people spend time
So retailers can…
Optimize floor layouts vs hot spots
Optimize # checkouts & location
Understand visit patterns
Manage in-store congestion proactively
Optimize staff allocation and scheduling
Copyright Fujitsu 2016
40 © 2015 FUJITSU
Turn Analytical Insights Into Action via BPM
Time of day
Threshold
Cus
tom
er C
ount
n Real time monitoring of customer traffic and staff allocationn Alert store manager and staff to initiate pre-emptive action
Visualization: Location ofStore Staff, customers and behaviors
Predicted customerarrival rate
Pre-emptive Alert to Shift Supervisor
Reactive Alert to Store Manager
Actual customerarrivals
Store Traffic MapCall out
Stocking Break
Cashier
Supervisor
Copyright Fujitsu 2016
41 © 2015 FUJITSU
Key Differentiatorsq Turn analytics insights into actions with Business Process Management
(BPM) capabilities.
q Capture and correlate live customer location data with the PoS data to deliver actionable insights.
q Visualize traffic flow for detailed shopper path analysis using Fujitsu patented Automated Flow Discovery technology.
q Superior processing speed and scale leveraging advanced data processing technology, which is 500x faster than traditional databases.
q Secure cloud hosting with global reach on Fujitsu’s own secure private cloud S5, delivered via our global network of data centers.
q Complete, end-to-end solution delivered by Fujitsu
Copyright Fujitsu 2016
42 © 2015 FUJITSU
Passers-by5,000
Visitors2,437
Engaged2,013
Purchases564
Sales$14,091
Traditional Approach
REA - Store Performance Impact
Passers-by5,000
Visitors2,437
Engaged2,037
Purchases591
Actionable Intelligence with REA
1%
5%
Sales$14,771 5%
44 © 2015 FUJITSU
Leading Fashion Clothing Retailer
q A multinational retail-clothing company, known for its fashion clothing for men, women, teenagers and children
q Fujitsu gathered and analyzed location and sales data including the period of a store-wide promotion
Copyright Fujitsu 2016
45 © 2015 FUJITSU
0100020003000400050006000700080009000
Repeat CustomersNew Customer
Customer Visits - New vs. Repeat
Key Finding Potential ActionLoyal customers consist nearly half of the total traffic Loyalty program to reward repeat customers
Traffic drops significantly on March 19-20 Examine the cause of traffic drop
* This data is representative data
Copyright Fujitsu 2016
46 © 2015 FUJITSU
Customer Traffic by Department by Week
0
5000
10000
15000
20000
25000
Shoes Ladies Home Kids Cosmetics
Week1Week2Week3Week4
Key Finding Potential ActionTraffic to cosmetic department almost doubled during week 4 Examine and analyse the promotion effectiveness during
week 4 at cosmetics department
* This data is representative dataCopyright Fujitsu 2016
47 © 2015 FUJITSU
Sales Conversion/Dwell Time by ZoneKey Finding Potential Action
Men’s department has the low dwell time but high conversion rateLadies department has the long dwell time but low conversion rate Examine the reason behind this and design corresponding
strategy to boost the conversion rate at Ladies department
* This data is representative data
Short dwell time & high conversion rate
Problem Focus:Long dwell time & low conversionrate
Copyright Fujitsu 2016
48 © 2015 FUJITSU
Traffic Density Across the Store
Key Finding Potential Action“Hot spots” across the store layout Allocate more staff resources to the right spot at right time
* This data is representative data
Copyright Fujitsu 2016
49 © 2015 FUJITSU
Key Findingsq Identified most prominent routes taken by customers
§ Majority Visitors to one dept.- Floor plan optimization§ Signage to encourage department visits
q Quantified the effectiveness of promotions§ Marketing effectiveness
q Developed actionable intelligence for departments where conversion rate was low
q Identified relationship between staff allocation and conversion § Staffing Optimization
q Identified most effective time periods to run promotions
Copyright Fujitsu 2016
#AnalyticsInStore
Q&A|Panelists MODERATOR:DebbieHaussEditor-in-Chief,RetailTouchPoints
Ashees SinhaPracticeArchitect,[email protected]
JoeHniloVicePresident,SoftwareBusinessFujitsuAmerica,[email protected]