i3’s Central Management Software (CMS) ushers in a new dimension in retail management. Using intelligent video algorithms, data pattern analysis and trend targeting calculations, i³’s innovative software provides customers with multi-level data correlations to help identify ways that increase sales, decrease inefficiency and protect business assets. CMS is designed to accurately predict retail consumer behavior, assist retail professionals in understanding behavior, and allow them to modify their responses, thus maximizing each sales opportunity. To achieve this functionality, i³’s engineering team employs proprietary video algorithms such as VideoLogix® (human tracking), VisionCount® (drive-through and door counting), Queue Time (service timer), and Object Detection to collect meta-data to see clear trends in business. By utilizing the CMS advantage, i³ customers form effective strategies to improve their key performance indicators and increase profit.
The XYZ case study is an account of an existing operation. It looks into five retail management steps aided by CMS which lead to successful implementation. The outcome resulted in a 2.7% increase in sales for XYZ. Retail management steps are: equipment selection and implementation, validation, data analysis, action, and application.
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