Monthly Archives: May 2017

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What is the state of the proximity industry? Find out here.

By | Indoor Positioning Technology, Indoor Technology and Innovation, News | No Comments

The Proximity.Directory report is out for the first quarter of 2017 and it focuses on the growth of proximity technology in retail stores across the United States. The use of proximity solutions continues to grow globally. Here in the U.S. the bottom line for retailers is that the use of proximity data and technology may be the one thing that is keeping customers in their brick and mortar stores.  

Here are the highlights:

  1. As of Q1 2017, 14,486,000 sensors are registered to have been deployed globally, an 11% increase compared to the previous quarter:
    1. Beacons account for 65%
    2. Wi-Fi points: 20%, an 11% increase from Q4 2016
    3. NFC:15%
  2. The countries with the most Proximity Solution Providers are:
    1. United States: 134 companies
    2. United Kingdom: 39
  3. Retail & shopping malls are still the most popular segments for proximity solutions, while 50% of the PSPs operate in 10 or more verticals.
  4. 75% of top 20 U.S. retailers have implemented proximity technologies.
    1. Wal-mart implemented proximity solutions in 2014, Target in 2015.
    2. Macy’s implemented proximity solutions in all 800 stores nationwide.
    3. Rite Aid: more than 4,500 stores.
  5. Brick-and-mortar retailers face challenges. A steep and persistent drop in store traffic leads to decreased sales. According to the US Department of Commerce, U.S. department store sales have declined by 31.2% from 2005 to 2015.

However, consumers still enjoy traditional shopping as more than 90% of sales come from “brick and mortar” retailers. To keep those customers, retailers are finding it necessary to develop excellent in-store experiences and create personalized purchasing journeys.

Retailers with implemented proximity solutions are able to get a real-time overview of the customer behavior, adjust strategies accordingly, increase engagement, and boost sales.

Beacon technology allows analyzing traffic pathways throughout the store and gives insights into the most frequently visited areas.

SPREO retail case study on the use of geofencing and proximity

The Q1 2017 Proximity.Directory report features a case study on the SPREO implementation of proximity and geofencing technology for one of the largest mall owners in the United States, Taubman. We implemented our proximity and geofencing technology in 18 large Taubman malls across the country. There were multiple objectives:

  • Improve the visitor experience at Taubman’s shopping malls
  • Increase visitor engagement and satisfaction
  • Centralize all store information, promotions, news and buzz notifications in one versatile app
  • Gather analytic insights from the venue traffic and user behavior data

We answered these challenges with a mobile application that provides an enhanced shopping experience to visitors of each mall. The solution includes useful tools such as visual and audio indoor navigation and a “Save my Parking Spot” function, among others. It provides each mall with an integrated indoor navigation and positioning solution along with location-based services (LBS). The solution utilizes Bluetooth Low Energy (BLE) beacons and SPREO’s Software Development Kit for Android and iOS mobile applications.

The app, which is the first of its kind in a major shopping center in the United States, offers shoppers and visitors easy access to a wide variety of innovative and useful indoor location-based services, including voice and visual blue-dot turn-by-turn real-time indoor navigation.

What is the future of proximity technology?

The Proximity report says that GPS/Geofencing combined with Wi-Fi has shown the most growth since Q1 2016 and continues to grow. GPS/Geofencing accounts for 226 companies and Wi-Fi accounts for 135 companies.

The five verticals where proximity companies are operating are:

  1. Retail
  2. Shopping malls
  3. Hotels & tourism
  4. Stadiums/sports
  5. Airports

The report predicts growth in all verticals because 50% of the PSPs in the directory are operating in 10 verticals or more while as many as 14% are operating in all of them.

SPREO operates in all of the top five verticals, providing proximity, geofencing and other proprietary technologies. Watch this space as we continue to report on movement and global growth in each of them.

 

 

Wayfinding is a strange word.

By | Indoor Technology and Innovation | No Comments

Wayfinding is a strange word. It’s really an abbreviation for “finding your way”. It is used to describe systems that help you to find your way through a facility or venue using signage and directional information. It is as much an art as it is a science.

Wayfinding systems are expected to successfully direct people in widely differing circumstances and locations. Wayfinding must take into account how people read and process information, where they instinctively look for signs and how they interpret arrows. It must try to do that despite widely varying literacy levels, language barriers and disabilities of the people who will be attempting to follow the directions.

You may no longer notice it, but wayfinding moves you from the door of your favorite  coffee shop to ordering to pick up. You also depend upon it to move you successfully through airports the size of small cities, from parking to the ticket counter to the gate. Wayfinding also moves you through hospitals, whether you are arriving calmly for a doctor’s appointment or are terrified and rushing to find an injured loved one in the emergency room. These are just some of the complex circumstances under which wayfinding must hold up.

Enter the mobile app for wayfinding.

Like everything else, mobile apps are improving wayfinding and putting easily understood directional information into the palm of the user’s hand. Whereas traditional, fixed wayfinding signage quickly becomes obsolete when facilities renovate and expand, wayfinding maps in mobile apps can be adjusted in minutes with the click of a button. Where the size of traditional wayfinding signage limits its ability to address numerous languages, a mobile app is in the language of the user. Mobile wayfinding solves innumerable problems inherent in traditional traditional wayfinding, not the least of which is cost.

That’s what we do – we solve wayfinding problems. SPREO has spent years investigating the psychology and science of wayfinding, its impact on businesses ranging from hospitals and stadiums to resorts and shopping centers. We understand the unique impact of ineffective wayfinding systems on hospital revenue and patient satisfaction.

Wayfinding is all about knowing your location

One major problem, and the key to successful wayfinding – is knowing where you are in relation to your destination at any point in time. That poses a difficulty for mobile wayfinding apps because GPS technology does not work indoor. However, SPREO solved that issue with a proprietary technology that enables indoor positioning accuracy. Users know where they are at any moment in time in relation to their entry point and desired destination. Our proprietary technology has made wayfinding agile, scalable, flexible and economically feasible.

Technology has brought wayfinding into a brave new world. Now facilities can respond to customer demands for easy navigation of large facilities. Management can improve revenue and avoid lost productivity (as staff loses work time repeatedly giving directions). Wayfinding is woven into the fabric of every business and we’re going to tell you how technology is moving it into the 21st century. Stay tuned to this space as we share with you our insights, industry research and information on wayfinding.   

 

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