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Startups

RetailQuant

RetailQuant

LAUNCH

2018

FOUNDED IN

Munich, Germany

OPERATING IN

Germany

WEBSITE

https://www.retailquant.com

“Know your customers, serve your customers”

RetailQuant enables brick & mortar stores to capture, analyse, and understand customers’ insights at scale. The solution gives customers a full insight about their target customers; what they shop and when they buy.

RetailQuant has developed a tool made with an AI sensor that enriches every purchase transaction with the corresponding customer data. Through the help of this tool, retailers are able to understand who shops at their location, what their customers buy, and when they are present. RetailQuant then creates insights on different customer group behaviours, needs and preferences that help retailers in making important operational, marketing and purchasing decisions.

The problem:

Every day customers walk into and exit a businesses, without the business having a clue of who they are, what their satisfaction is, what they look for, and at what time. This data is incredibly valuable for a business to better understand their target group and supports decisions regarding operations, marketing and product purchasing.

The solution:

Only one sensor is needed for full customer analytics: The sensor is built from cutting edge AI technology to automatically capture a customer’s age, gender and satisfaction based on their facial features and match those with the businesses sold goods.  RetailQuant’s algorithm’s help to unlock actionable insights on how to drive revenue, optimise business and save costs.

How it works:

  1. Set up the sensor near the cash register via a simple plug & play installation
  2. Immediately start generating data and matching it with sold goods.
  3. Let AI technology automate the data analytics & generate detailed reports.

RetailQuant uncovers insights  wherever customers order or pay at a cash desk. Focusing on the food & beverage and franchising market, RetailQuant’s partnerships extend from retailers, consultancies and brands, to market research agencies, and business analytics companies.