Retailers, fuel retailers, and commercial real estate companies leveraging mobility data, especially vehicular traffic data, have a distinct advantage over competitors in making better business decisions. This type of data provides hyperlocal insights for site selection, including white space analysis and cannibalization analysis. However, creating maximum value from detailed mobility data requires geospatial expertise. An approach tailored to your industry, company size, unique challenges, and business goals will always be more powerful than a one-size-fits-all approach. These factors all ..read more

In an era of retail banking digital transformation and omnichannel strategy, the financial industry is facing increased competition with the growing popularity of online banking. This is pushing banks to rethink their business model, on-site services as well as their physical branch networks as a whole. To better meet the changing needs of customers, maximize efficiency, and maintain profitability, network right-sizing decisions must sometimes be made. This could mean downsizing or closing underperforming branches, opening new ones in growing areas, or relocating branches to more convenient lo ..read more

Recent disruptions in the workplace—including post-COVID population shifts and the effects of remote work on traffic—have left instinctive business decisions using a specific, frozen-in-time market unreliable. Traditionally, the retail industry, including retail banking and fuel retailers, have relied exclusively on static data such as demographic census data, average annual daily traffic (AADT), and traffic patterns. While still having certain uses, these datasets can no longer accurately measure store success, predict sales, or even help site selection decisions based on market potential, fo ..read more

Physical stores are far from disappearing. In 2022, store openings in the United States were twice as numerous as closures. Even digital-native brands are doubling down on their brick-and-mortar strategy to enhance customer experience and brand interaction. However, financial risks persist, and decisions regarding store locations must be made with utmost confidence. Among the various types of data for site analysis, visitation data is crucial if retailers aim to thrive and outshine the competition. Despite its undeniable utility, businesses must be cautious of the variable quality of this da ..read more

In the ever-evolving landscape of location intelligence, staying competitive means keeping up with the latest tools and technologies. Precisely’s MapInfo Pro has been a trusted companion since 1986 for GIS analysts that are looking to manage, analyze, visualize, and publish location-based data, and the release of the 2023 version promises to take the geospatial analysis journey to new heights. If you’re already a user of MapInfo Pro and are considering an upgrade or someone exploring mapping solutions, this article will provide you with insights into the exciting new features and the endurin ..read more

We find ourselves amidst one of the most significant energy transitions in history. The growing demand for electric vehicle (EV) chargers and the expansion of charger networks across numerous countries are proof of this. In addition, governments are incentivizing greater EV adoption while imposing stricter regulations on internal combustion engine vehicles. An EV charger strategy is therefore essential if you want to take advantage of this transformation. So let’s discuss the main points regarding an EV strategy: Why should you consider an EV charging strategy? Consider the United States, whe ..read more

With cloud computing offering tremendous opportunities to break down data silos, it’s no surprise that companies are increasingly migrating their on-premises databases to cloud data warehouses. But not all companies are at the same stage in their journey to the cloud. On top of the time it takes to migrate entire datasets to these new systems, the actual capabilities (or lack thereof) of these warehouses can cause a lot of friction across departments.   A shift in behavior is also required from the various stakeholders (whether they’re GIS, Data Science, or IT teams) for them to t ..read more

All companies from the smallest startups to multinational corporations can benefit from competitive landscape analysis, that is, a structured process for identifying, researching, and defining your competitors so you can either use them as an example to improve your own results or avoid replicating what doesn’t work. Approximately 90% of Fortune 500 companies perform competitive analysis, which is considered a key ingredient to success. But sometimes, companies don’t have the internal resources or expertise to do this ongoing process themselves. That is why 59% of companies outsource ..read more

The popularity of alternative energy vehicles (EVs) is now undeniable. Mckinsey estimated that the number of EVs in the U.S. would grow from less than three million today to more than 48 million in 2030; more than 44 million of which would be passenger cars and the rest buses, light commercial vehicles, and trucks. A few factors are clearly conducive to EV proliferation. First, governments keep tightening CO2 regulations and offering incentives, such as tax credits, subventions, and programs. Second, several technological developments, including advances in battery life and falling pri ..read more