Understanding Retail Productivity by Simulating Management Practices
Digital Retail to help SME using Productivity Programme
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Transcript of Digital Retail to help SME using Productivity Programme
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Confidential
Technology Adoption ProgrammeDigital Retail
Dr Tan Guan HongDirector, Technology
Snap2Tell
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ConfidentialUpdated: 28/01/2017Pg 2
• Government is committed to supporting the growth of High-Tech
SMEs in Singapore
• Need to grow such SMEs. Our pool of Technology-based
companies is still relatively small, comprising of just 7.4 % of all
Enterprises
• These SMEs internationalize relatively early in their development
Singapore needs more high-tech, outward looking SMEs
Minister for Trade
and Industry
Lim Hng Kiang2 July 2014
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ConfidentialUpdated: 28/01/2017Pg 3
Source : http://www.singstat.gov.sg/statistics/visualising_data/Singapore-Economy20052014.pdf
SMEs
Make up 99% of enterprises
Employ 7 in 10 employees
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Confidential
TAP Framework
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Confidential
Challenges in Retail
Updated: 28/01/2017Pg 6
Falling sales
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ConfidentialUpdated: 28/01/2017Pg 7
How to attract shoppers and bring them into the store ?
Challenges in Retail
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Confidential
Solutions for Digital Retail
• Snap2Tell
• Virtual Try On
• Shopper Interest Profiling & Analytics
• Retail Data Analytics
Updated: 28/01/2017Pg 8
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ConfidentialUpdated: 28/01/2017Pg 9
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Confidential
Snap2Tell - Deployment
Updated: 28/01/2017Pg 10
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Confidential
Snap2Tell - Deployment
Updated: 28/01/2017Pg 11
Deployed forShowcased in
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Virtual Try-On
Merging Digital & Physical Fashion Retail
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• An augmented reality hybrid mirror system that replaces the user’s clothes and accessories virtually.
• Retailers’ Benefits
– Efficient use of space by offering clothes digitally
– Capturing crowd and traffic and enticing shoppers into retail store using eye-catching technology
– Increasing sales and conversion rates by enabling shoppers to easily try on different new outfits and colours
– Providing analytics on tried-on clothes, popularity of each design, users’ profile, and many more
Virtual Try-On System
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ConfidentialUpdated: 28/01/2017Pg 14
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Confidential
Unique Value Proposition
I2R is both the creator and translator of ICM IPs
Updated: 28/01/2017Pg 16
• Translate background IP (Ready-To-Go Virtual
Try-On) belongs to I2R
• Transfer IP to SME (AIT Technologies Pte Ltd)
• Build capabilities within SME
• SME ready to compete local & overseas
Case Study:
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Confidential
Shopper Interest Profiling & Analytics
• Analysing public social media for shopper interest profiling
• Profiling based on photos shared on social media platforms, e.g. Facebook, Twitter, Instagram
Updated: 28/01/2017Pg 17
Deployed for
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Confidential
Fashion Food
Analysis & Categorization
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Confidential
Value Proposition
AnimalsArt Kids
Cartoons
EventsFashion & Beauty
Food
Shopping
Sports TravelAnimals
Art
Kids
Cartoons
Distribution of types of photos shared
Analysis
010203040506070
Actionable insights
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Confidential
Context & Location-aware Advertising & Marketing
Updated: 28/01/2017Pg 20
Shopper’s
shopping list
Shopper’s
locationShopper’s
spending habits
Dear Jane,
There is a 20% discount off XYZ
brand beauty product within 10
min walking distance. Use this
mobile coupon to get a further 5%
discount!
Key scope
• Enable personalised advertising
• Mobile adverting
• Customer segmentation
• Multi-device access
Value proposition to retailers
• More effective reach of customers
by sending targeted adverts to
customers who are more likely to
buy
• Less reliance on mall advertising
• Cost effective advertising vs mass
media advertising
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Confidential
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www.i2r.a-star.edu.sgwww.facebook.com/i2r.research
Online:
Thank You