Data at Work

The Covid-19 pandemic and following global lockdowns were devastating for the retail industry. Activities like shopping and leisure quickly fell as people’s focus shifted to dealing with a pandemic. Essential retail like grocery, drugstores, and homeware had to adapt quickly to accommodate the needs of the hour, while non-essential retail segments of fashion, sports, beauty, luxury, etc. went into complete disarray.

Whether you are an agency or a business with an established in-house marketing team, your goal is maximising ROI on your marketing and advertising spending.  

Mobile location data can help achieve your KPIs, especially in offline marketing. Using area-based insights you can make profitable marketing investments to improve brand visibility, gain new customers, or increase visits to a physical store. 

The intricate web of connected devices and applications produces a lot of location data. Used in the right manner, accurate and timely geospatial intelligence can be leveraged to boost operational efficiency,  improve government and public services, increase marketing and advertising ROI, and expand services to underserved areas.

Geospatial data have the potential to uncover valuable insights about the physical world. It can be used by governments to save lives and influence public welfare. Businesses can use it to drive consumer acquisition by capturing the attention of the right people at the right time. Anonymized location data has a lot of value to offer without breaching people’s privacy.

High-quality Point-of-Interest (POI) data is the backbone of all location-based businesses and applications. Your customers rely on you to find day-to-day services such as transportation, food delivery, online shopping, and more. The speed, accuracy, and reliability in providing these services can be a determining factor in gaining and retaining customers.

But how do you ensure that the data powering your business are of good quality and up to date?

There are numerous data providers that claim to offer vast, accurate, and ideal POI datasets, but how do you correctly assess them? In this post, we will discuss a few factors to consider before buying POI data. Use them as a checklist for your purchase decision while selecting a data vendor!