Blis Introduces Smart Trends, a Consumer Behavioural Analytics Tool Powered by Movement Data
To illustrate the power of Smart Trends, Blis releases a global consumer report uncovering key insights into shopping behaviour across multiple markets for retail brands.
LONDON — December 5th, 2017 — Blis, the global pioneer in advanced location data technology, today announced the beta launch of Smart Trends, a new analytics tool that allows marketers to analyse consumer behaviour, from audience profiling, to exposure, to attribution, by capturing and activating mobile movement data. To demonstrate the capabilities of Smart Trends, the company also announced the release of a ground-breaking report, Mastering Consumer Trends: A Global Retail Study, giving side-by-side behavioural comparison of user groups across four global brands in seven countries.
Smart Trends offers robust in-store consumer behavioural insights and in-store comparison of multiple location types and brands, allowing marketers to break down demographic, contextual, time/day, and device type analysis, as well as compare behaviour of user groups side by side.
Smart Trends is powered by mobile movement data, a passively collected data set that overlays device ID, longitude and latitude, and timestamp data. This passive data set is then merged with a wide range of behavioural data to create a more comprehensive consumer profile, thus exceeding the scope of traditional location data in that it represents a consumer’s location movement over a period of time.
“Mobile movement data provided by Smart Trends plays a pivotal role in allowing brands to gain a fuller, richer view of their customers, such as where they go and how they interact with competitive brands. These insights can be used to make game changing strategic decisions about products they carry, store location and advertising campaigns” said Greg Isbister, CEO & Founder at Blis.
Brands can use this non-biased data set to gain a factual perspective of their competitive marketplace and consumers’ behaviours. For instance, while marketers generally have good insight on how their customers interact with their own brands, they lack the ability to understand how their customers behave when they’re shopping with competitors, or even their more general day-to-day behaviours. Smart Trends fills those gaps, ultimately enabling more effective campaign planning, delivery and attribution in order to deliver competitive advantage.
Comparing shopper behaviour in the UK, the US, South Africa, the UAE, Germany, Singapore and Australia as consumers interacted online and offline with H&M, Topshop, Victoria’s Secret and Zara touch points, Mastering Consumer Trends: A Global Retail Study illustrates Smart Trends’ ability to unlock consumer behavioural insights on purchase intent, shopping patterns and mobile consumption while shopping.
Insights were often counterintuitive, such as the power of a nearby competitive outlet to increase foot traffic, and that for certain sectors, such as fashion, the retail week is flatter than assumed.
Visit blis.com for more information, or download Mastering Consumer Trends: A Global Retail Study to what see what insights Smart Trends can provide for brands.