How our AI platform will change the way of working for Commercial Real Estate Companies.
According to Deloitte (2021), retail is impacted by the overarching trend of online, where customers switch from primarily physical to digital retail. They state that “the store is not dead”, however more risk and innovation is required. This rise of digital technology rapidly changes the way we shop and real-estate developers must adopt to this trend.
Due to COVID-19, BBC (2020) reports that a record number of physical shops had to close their doors due to the lockdown. Hence, there are more vacant stores than ever before. This results in many more vacancies to fill with retailers that have proven to survive this turbulent corona times and are attractive to the public. During our research, we found that many Commercial Real Estate Companies drive their decisions, of what stores to attract, based on intuition or feeling, and less on data. However, this is no longer necessary as Clappform now offers a solution leading to data-driven decision making.
Data-driven decision making
According to Gartner, both data and analytics are required to gain a competitive advantage in business. We believe that data analytics is the future. In this way, we encourage Commercial Real Estate (CRE) Companies to leverage data and AI in order to improve their decision-making process. Clappform supports commercial real estate developers by integrating different data sources and models powered by algorithms. Our new solution is of interest for all companies invested in commercial real estate, such as real estate funds or shopping center owners, but also the CRE department within a company, such as a retail company.
AI platform as a solution
The solution is an easy access to data platform at which various important features are located:
The platform provides direct insight for companies in the gap between the spend potential of your customers and your current sales. Moreover, the platform suggests interesting, proven-to-perform stores within close proximity to consider in order to close this gap. Likewise, it shows the impact of introducing this store on the total sales that a CRE Area generates.
Do you want to learn more about our commercial real estate product and the features of our data platform? And how we can help you with implementing AI in your daily operations? Please feel free to contact us.
Whatever challenges you have, we are happy to help!
Do not hesitate to contact us or request a free demo.