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Shopper Tech Update                        May 9, 2013 - Volume 4, Issue 7

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In This Issue
RESEARCH: Separating 'Big Data' Hype from Reality
ANALYTICS: Using Video Analytics Technology to Optimize Secondary Displays in Stores
PROMOTIONS: Three New Trends that Drive the Way Shoppers Use Coupons
STI NEWS: Saint Joseph's University Joins Shopper Technology Institute
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Research

 

Big DataSeparating 'Big Data' Hype from Reality

    

How can food, beverage and consumer packaged goods (CPG) companies convert emerging forms of "Big Data" into useful analytics and insights to improve business results?

 

The Grocery Manufacturers Association (GMA) offers an answer in a new report completed in collaboration with Deloitte Consulting. The report, Formula for Growth - (Innovation) Big Data & Analytics, is the culmination of more than 10 months of broad-based industry research led by Deloitte. It contains five specific conclusions and recommendations for companies.

 

Also, a web-based, interactive application, available exclusively to GMA member companies, helps organizations separate Big Data hype from reality. It includes a profile of top emerging technological and digital innovations that will usher in vast quantities and new forms of data for the CPG manufacturing and retail industry.

 

"Working closely with Deloitte, the GMA Information Systems Committee set out to help demystify the potential Big Data opportunities for the CPG industry and to better understand how we can continue to improve our overall analytical maturity using both existing and emerging sources of Big Data...

 

read entire story

 

Analytics

Heat Map                    

Using Video Analytics Technology

To Optimize Secondary Displays in Stores 

 

Understanding and influencing the shopper's in-store decision process has become critical for winning at retail. It involves mapping the in-store "path to purchase" and capturing why and how each "moment of truth" battle is won or lost.

 

Secondary displays represent perhaps the most effective way to gain visibility along the path of targeted shoppers - significantly impacting performance of a brand as well as category. Despite the fact that both manufacturers and retailers have a substantial financial stake in secondary displays such as end caps, due to a lack of a scalable means for measuring performance, secondary merchandising strategies are largely based on ad hoc rules with incomplete feedback on true impact or return on investment (ROI). Contrast that with marketing practices that are now standard in Internet retailing - thanks to the availability of click-through, page-view and other usage statistics.

 

The industry needs measurement tools that provide direct visibility into the shopper-decision process and enable shopper-centered metrics for improving every retail touch-point. Traditional research methods such as observation and survey methods are subjective, expensive, and under-sampled; therefore, they are not scalable. There is an urgent need for automation in the process of gathering rich shopper data to have a scalable measurement solution for optimizing retail.

  

A recent technology breakthrough has led to the development of an in-store measurement platform that fills the need for automatically capturing shopper behavior data...

read entire story

 

 

Promotions

Coupons                    

Three New Trends that Drive the Way 

Shoppers Use Coupons 

 

To reach the digital consumer, marketers must adjust their expectations, or risk losing the sale - even if they are dangling an attractive discount.

 

The behavior of these shoppers is something traditional marketers haven't seen before, and they need to learn more. Some shoppers are new digital couponers, while others still rely mainly on paper coupons. The motivations that drive all of them are shifting.

 

"We feel very strongly that we have to uncover what is driving shoppers to behave the way that they do, and do it in such a way that we can scale that conversation and determine what programs and touch points are going to be most influential for them so you can grow your category and your brand," says Devora Rogers, senior director, retail marketing insights at Inmar, based in Winston-Salem, N.C. She spoke during a recent webinar.

 

Based on research that asked more than 1,000 shoppers who used a coupon in a three-month span, Inmar concluded that the three key trends that describe "new couponers" are: Entitled, Enabled and Engaged. Here is a look at each...

read entire story

 

 

STI News

SJU                    

Saint Joseph's University Joins

Shopper Technology Institute 

 

The Food Marketing Enterprise at St. Joseph's University in Philadelphia has joined the Shopper Technology Institute (STI) as its exclusive collegiate alliance partner.

 

The Food Marketing Enterprise consists of undergraduate and graduate studies, a cooperative education program with industry, research on critical issues, community outreach for the poor and hungry, and food industry summits.

 

In recent years, the annual summits have focused on such topics as social media, e-commerce, and digital technology for profitable meals.

 

"It's significant to have such an outstanding university is the newest alliance partner of the institute," said John Karolefski, executive director of STI. "The relationship will be mutually beneficial as we look forward to working with the faculty."

 

 

 

Market Watch

    

 

JUST PUBLISHED

The Essentials of Shopper Technology

 

Shopper Technology Institute Publishes Its First Book,

The Essentials of Shopper Technology

 

Shopper Technology consists of tactics and applications that engage and motivate shoppers, analyze their behavior, and enable trading partners to improve their operations. Retailers and consumer packaged goods (CPG) manufacturers are embracing these new solutions as technology becomes a true agent of change. The providers of these solutions have invested mightily in the future of this industry. Their sophisticated offerings are built on a foundation of thought leadership.

 

This book is all about sharing that information and insight. There are chapters that outline challenges facing merchants and marketers. Some chapters present the essentials of Shopper Technology, while others offer a deeper dive into these solutions and their implications. Because of Big Data, digital innovations, and an evolving path to purchase, the job of merchants and marketers often seems daunting. So consider this book as a way to cut through the clutter as technology roars on, competition heats up, and shoppers become more demanding. Coming to grips with technological change may be challenging, but it is the key to success.

 

Click here to read sample chapters and reviews, and view ordering information for the hardcover, paperback, and Kindle editions.

 

  

Shopper Technology Institute Sponsoring Members 

 

PREMIUM MEMBERS

 

PILM

Partners in Loyalty Marketing

Inmar

Inmar

Precima
Loyalty One/Precima
Start Sampling

VideoMining

Video Mining

 

 

Vision Critical
Vision Critical

 

AFS Technologies Zavers by Google

 

 

 

CORPORATE MEMBERS                                                   ALLIANCE PARTNERS

 

AMG Strategic Advisors     MultiAd                                  Center for Advancing Retail &

Coupon Factory                 Newhook Marketing                     Technology (CART)

Dassault Systemes             Relational Solutions               CPGmatters

Fun Mobility                       Retail Tactics                          GS1

Gladson                             ShoptoCook                            Primary Communications

Intelligent Clearing Network                                            Saint Joseph's University