Frequently Asked Questions (FAQs)

How does competition analysis improve customer targeting?

Competition analysis helps you understand your competitors' customer base, preferences, and buying patterns. With these insights, you can fine-tune your marketing strategies to attract the right audience and address unmet needs.

How does Spatic help in competitor analysis?

‍Spatic provides tools to map competitor locations, analyze performance metrics, track growth trends, and uncover gaps in customer reach. These insights help you make smarter decisions to stay ahead of the competition.

‍How can I get started with Spatic's location intelligence services?

‍Getting started is easy! Fill out the contact form, and our team will reach out to understand your needs and set up a personalized demo to show how Spatic can transform your strategy.

‍How accurate is the data provided by Spatic's location intelligence services?

Spatic ensures high data accuracy by aggregating and analyzing data from reliable sources, providing actionable insights you can trust for smarter decision-making.

‍Why is analytics important for shopping malls?

‍Analytics help malls optimize store placement, boost revenue through data-driven strategies, enhance customer experience, and measure the effectiveness of marketing campaigns.

What are the determinants of shopping mall attractiveness?

‍Key factors include location, retail mix, amenities, marketing, customer experience, and foot traffic patterns.

What was the purpose of the shopping mall study?

The study aimed to assess mall performance, including visitor behavior, retail effectiveness, and marketing success, to help mall managers make informed decisions that improve operations and increase revenue.

‍Can Spatic Provide Insights into the Retail Landscape?

‍Yes, Spatic analyzes local competitors, customer preferences, and market trends to give insights into the retail landscape.

‍What Factors Does Spatic Analyze?

‍Spatial evaluation evaluates a locality's potential by evaluating foot traffic, demographic gaps, competition, accessibility, and infrastructure.

‍How Accurate is Spatic's Revenue Prediction?

‍Spatic's revenue predictions are based on AI-driven data, offering 90%+ accurate forecasts to guide your decisions.

How to Find a Location for a Small Business?

‍Look for areas with high foot traffic, easy access, and nearby competitors. Spatic helps by analyzing 100+ data points to identify the best locations for your business.

‍Can Smart Locate predict revenue and footfall for a location?

Smart Locate uses advanced AI algorithms to predict revenue and footfall at potential locations. This empowers businesses to make informed decisions, reducing uncertainty and increasing the chances of success.

‍How does Smart Locate help with store expansion?

‍Smart Locate streamlines the store expansion process by identifying profitable locations with high foot traffic and revenue potential. It removes the guesswork and offers data-driven recommendations for faster, more successful growth.

What unique features does Smart Locate offer for business expansion?

‍It offers AI-driven location analysis, predictive insights on revenue and footfall, and data-backed decision-making for smarter expansion.

What industries can benefit from Spatic’s Smart Locate?

Smart Locate benefits industries like food, retail, hospitality, healthcare, and real estate by helping them find high-performing business locations.

What industries can benefit from Spatic’s Smart Locate?

Smart Locate benefits industries like food, retail, hospitality, healthcare, and real estate by helping them find high-performing business locations.

What unique features does Smart Locate offer for business expansion?

It offers AI-driven location analysis, predictive insights on revenue and footfall, and data-backed decision-making for smarter expansion.

How does Smart Locate help with store expansion?

Smart Locate streamlines the store expansion process by identifying profitable locations with high foot traffic and revenue potential. It removes the guesswork and offers data-driven recommendations for faster, more successful growth.

Can Smart Locate predict revenue and footfall for a location?

Smart Locate uses advanced AI algorithms to predict revenue and footfall at potential locations. This empowers businesses to make informed decisions, reducing uncertainty and increasing the chances of success.

What are the challenges faced by retailers in gathering location data?

Retailers face many challenges in the gathering data for their needs. ⦁ Discovering the right contextual data ⦁ Ensuring the accuracy of the location data as they are a lot of unverified & inaccurate data (For eg: Google maps, data vendors) ⦁ Integrating this external location data with their internal databases to get the right insights.

How is the Human mobility data collected?

Foot traffic data is collected though an SDK built in the mobile apps. The SDK is like a piece of code that tracks the user location. This data is aggregated at the trade area level to get meaningful insights without any personal identifiable information(PII). Spatic is fully compliant with GDPR, CCPA, WPA and numerous other legislations across the world.