Retail Asia 2018 RA September.October 2018 (Online) | Page 45

E-COMMERCE the right time, at the right location can translate into higher sales conversions using technology such as geo-fencing and day-parting. Geo-fencing is a location-based service that triggers a pre-programmed action in a given set of boundaries, allowing retailers to focus on passengers originating or alighting in a specific area. For example, Marina Bay Sands (MBS) ran several in-vehicle campaigns geo- fenced around its location where the taxi screen will show passengers, alighting or departing from their premises, a targeted promotion for that period. One of the specific campaigns was to promote MBS’ celebrity chef restaurants through an interactive campaign featuring the various celebrity chefs, their culinary expertise and restaurant information. Targeted at tech-savvy passengers who were familiar with ride- hailing apps, the four week in-vehicle campaign resulted in almost 60,000 impressions in Singapore. On the other hand, there is also day-parting which schedules content at opportune moments throughout the day. It works by dividing a day into several segments and selecting when the advertisements should be shown. For example, ads can be restricted to show during certain times of the day such as during store hours or on weekdays, reinforcing studies of retail behaviour which suggest that certain times of the day are better for driving purchases while other times of the day might be better for branding. the passenger’s preferences mapped against location, geo-location patterns emerge that improve our predictive accuracy, allowing us to evolve content recommendations even as the car cruises through the city. Trying it on-the-go We are starting to see augmented reality (AR) incorporated into the retail experience which allow customers to have an immersive brand experience by enabling them to envision the item in their purchase consideration. It works by supplementing a live view of the physical, real-world environment with a computer-generated image such as an image, video, graphics or even location data. AR can be used to do virtual product testing, gamification and in- store navigation. Fashion brands such as Timberland and Topshop have used Kinect technology to create virtual fitting rooms for shoppers to try clothes and accessories, making the retailer experience more convenient and novel, thus encouraging footfall into stores. According to retail solutions provider RetailPerceptions, 61% of shoppers would prefer to shop at stores that offer AR and 40% of them would be willing to pay more for a product to experience it through AR. Expanding the AR experience into cars opens up exciting possibilities for mass-customisation. The larger screen and captive environment provide a conducive environment for brands to engage with passengers in a unique and memorable experience to try products on themselves — be it accessories, make-up and glasses/sunglasses — and ultimately drive sales. With technology advancing in in- vehicle screens, retailers have an arsenal of tools at their disposal to engage with consumers during their commute. Those who are innovative in their approach are better equipped to bridge the gap between online and offline shopping, scale their campaigns across geographies in creative new ways and build a deeper brand presence through targeted content. Asian consumers are on the move. Are you coming along for the ride? ra Marina Bay Sands (MBS) ran several in- vehicle campaigns geo-fenced around its location where the taxi screen will show passengers, alighting or departing from their premises, a targeted promotion for that period. AI on the rise We envision 2019 to be the year that artificial intelligence (AI) will make a breakthrough in the retail industry, with more retailers using it to power various parts of the retail and e-commerce experience. With the growing capabilities of AI, we are experimenting with such technology in cars to identify and serve relevant content to consumers, beginning with presence and facial recognition. Once a passenger commences a ride, the screen is engaged while the biometric sensors and computer vision work out the person’s demographic characteristics in a matter of seconds. Facial recognition goes one step further to identify the face, not the person, and their preferences so that our algorithm then selects and recommends appropriate content. With Retail Asia September/October 2018 43