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SENSEI SIGNED

Optimizing Retail Operation With Real-Time Customer Activity Intelligence

Total Cost €

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EC-Contrib. €

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Partnership

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 SENSEI project word cloud

Explore the words cloud of the SENSEI project. It provides you a very rough idea of what is the project "SENSEI" about.

certainty    definitely    managers    grocery    involve    retail    optimizing    spot    sustainable    don    cities    space    price    footprints    frame    retailers    volume    citizens    people    heavily    believe    business    view    series    companies    community    sensors    larger    detect    market    multiple    visitor    gather    analytics    clear    understaffing    stocking    buy    intelligence    gap    informed    total    strategies    exactly    wrong    small    run    lost    decisions    understand    statistics    placement    merge    sensei    stores    meet    maximize    optimize    knowing    share    mortar    behaviors    pilot    centric    projected    smart    vision    proactive    generate    creates    time    chains    projections    invest    blind    destined    appetite    sales    fill    agility    create    lab    data    precise    computer    89    store    customer    interacting    founders    revenue    brick    scalable    standardized    fashion    gives    apparel    inventory    infrastructures    missing   

Project "SENSEI" data sheet

The following table provides information about the project.

Coordinator
METAICG - INNOVATION CONSULTING GROUP LDA 

Organization address
address: AVENIDA DO EMPRESARIO 1
city: CASTELO BRANCO
postcode: 6000 767
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Portugal [PT]
 Project website http://www.sensei.tech
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2016-2017
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-02-01   to  2018-07-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    METAICG - INNOVATION CONSULTING GROUP LDA PT (CASTELO BRANCO) coordinator 50˙000.00

Map

 Project objective

Brick and mortar stores still generate 89% of the total volume of sales in Europe. Not knowing lost sales statistics creates a major blind spot. Not knowing lost sales statistics might lead to over/understaffing stores, stocking the wrong inventory and missing opportunities due to price or product placement. There is a clear need for lost sales based business intelligence that gives store managers the agility to optimize resources and maximize sales. They need lost sales and sales information to detect trends early and be proactive. Our technology SENSEI enables retailers to gather lost sales data and merge it with their sales data by using every store as a customer research lab, allowing the development of effective customer-centric strategies. SENSEI is built on 1) computer vision, 2) sensors and 3) in-store devices, and is able to provide precise information about how each visitor is interacting with the store space even if they don’t buy. We have identified our target market as the fashion and apparel retail chains, where store footprints are small (when compared with grocery), highly scalable due to multiple heavily standardized stores, and with a strong need and appetite to invest in data analytics and business intelligence. Smart cities involve optimizing information technology to better understand our infrastructures and the behaviors of people and to be able to make informed decisions that meet the needs of citizens, institutions, and companies with a view to the community and sustainable development. SENSEI does exactly that for stores. In the long run, our technology will definitely contribute to Smart Cities on a larger scale. The founders’ vision when creating SENSEI was to fill a gap in the market and that is destined to create real smart stores. They believe with high certainty that both market share and revenue projections will be achieved within the projected time frame. We are already using SENSEI with a series of pilot users.

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The information about "SENSEI" are provided by the European Opendata Portal: CORDIS opendata.

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