Retail Customer Behavior Analytics | Computer Vision for Retail Analytics

Technology Stack

Problem Statement

null

Lack of customer data: Retail owners may not have access to enough customer data to make informed decisions about customer behavior.

null

Difficulty in measuring customer behavior: Retail owners may struggle to measure customer behavior in a meaningful way that accurately reflects their shopping patterns.

null

Personalization challenges: Retail owners must personalize their offerings and experiences for each customer, which can be difficult given the sheer number of customers they serve.

null

Understanding changing customer preferences: Retail owners must keep up with changing customer preferences and evolve their offerings accordingly.

null

Balancing in-store and online experiences: Retail owners must balance the needs of customers who shop in-store and online, which can be a complex challenge.

Solution Overview

null

OptiSol developed a subscription-based web application that can recognize a visitor's face, age, gender, and mood in retail stores.

null

The customer aimed to improve the in-store closure rate by reading customers' moods, leading to increased revenue.

null

The implementation of ML based solution on live-streamed video took 3 months and provided valuable insights to store staff.

null

With appropriate training, store staff could approach shoppers with tailored narratives based on age and mood, resulting in a 59% increase in the closure rate.

null

The store owner used insights from the application to gauge customers' sentiment and make incremental changes to the store.

Business Impact

null

Improved customer engagement: By understanding the age, gender, and mood of customers, store staff can tailor their approach and engage with customers in a more personalized and effective way.

null

Increased sales: By approaching customers with tailored narratives based on their mood and age, store staff can increase the in-store closure rate and drive sales.

null

Better customer experience: Understanding customer mood and tailoring experiences can lead to a better overall customer experience, resulting in increased customer satisfaction and loyalty.

null

Improved decision making: Store owners can use insights generated by the ML solution to make informed decisions about store operations and customer engagement.

null

Increased efficiency: The ML solution can automate the process of identifying customer mood, freeing up staff time and resources to focus on other tasks.

Testimonials of Our Happy Clients

Related Success Stories

Related Insights

Alphabet Hand Gestures Recognition Using Media Pipe

Media Pipe is a cross-platform (Android, ios,web) framework used to build Machine Learning pipelines for audio, video, time-series data etc…

Top 5 Machine Learning Companies in 2022

Machine learning involves computers discovering how they can perform tasks without being explicitly programmed to do so…

Top 5 Best Tools for Data Modeling

Data modeling is a process used to define and analyze data requirements needed to support the business processes within the scope of…

Key Features

null

VIIOP is a plug-and-play system, that helps developers, business retailers to make use of services such as face recognition and emotion recognition.

null

VIIOP system act as a good replacement for AWS kinesis, in terms of cost per usage.

null

This system acts as a third-party service that collects valuable information about their customers such as customer emotion, shoplifters, and known celebrities.

Our Award-Winning Team

A seasoned AI & ML team of young, dynamic and curious minds recognized with global awards for making significant impact on making human lives better

Awarded Bronze Trophy at CII National competition on Digitization, Robotics & Automation (DRA) – Industry 4.0

null

50+

AI & ML
Engineers

null

40+

AI & ML
Projects for
reputed Clients

null

5 yrs

in AI & ML
Engineering

Awarded as Winner among 1000 contestants at TechSHack Hackathon

Trusted and Proven Engagement Model

  • A nondisclosure agreement (NDA) is signed to not disclose any sensitive information revealed over the course of doing business together.
  • Our NDA-driven process is established to keep clients’ data and IP safe and secure.
  • The solution discovery phase is all about knowing your target audience, writing down requirements, and creating a full scope for the project.
  • This helps clarify the goals, and limitations, and deliver quality products & services.
  • Our engagement model defines the project size, project development plan, duration, concept, POC etc.
  • Based on these scenarios, clients may agree to a particular engagement model (Fixed Bid, T&M, Dedicated Team).
  • The SOW document shall list details on project requirements, project management tools, tech stacks, deliverables, milestones, timelines, team size, hourly/monthly rate cards, billable hours and invoice details.
  • On signing the SOW, an official project kick-off meeting shall be initiated.
  • Our implementation approach, ecosystem, tools, solutions modelling, sprint plan, etc. shall be discussed during this meeting.
Connect With Us!