The initiative allows all brick-and-mortar retailers, regardless of size and industry, to become players in the media market and to diversify their income.
The partnership between Danubius and Footprints AI democratizes this transformative technology, opening an unique opportunity for all retailers to increase their revenue by deeply understanding their customers behavioral patterns. Based on customer knowledge data, retailers in the Datecs network can monetize it by providing anonymized access to it to brands wiling to run more effective media campaigns with the help of Retail Media.
“The fiscal cash register is not only a tool required by the legislator, but becomes an income-generating tool for all retailers, regardless of the size and field in which they operate. At the store cashier, the customer’s purchase decision materializes and potential purchases are outlined. Retailers often do not understand why a potential customer for a certain product does not complete a purchase, or why the frequency of purchases is fueled by higher demand in one period, while at other times demand for the same product is low. By analyzing the transactions collected by the cash registers and customer profiling, with the help of Footprints AI technology, these syncops can be eliminated and the sales and revenues of the merchants can be optimized“, said Velin Ganev, Danubius CEO.
Shoppers can be profiled using Footprints AI based on anonymized transaction data collected by store smart cash registers. Shopping cart, accommodation services, restaurant payments etc. provides relevant information about buyers. And the analysis of transactions at the level of the entire Datecs (Danubius) network, with the help of artificial intelligence, gives traders statistics for a better knowledge of customers, and brands, data for more precise targeting, with a greater impact in offline sales.
“(…) Thanks to this partnership, we are getting closer to duplicating the successful model of digital advertising in physical retail for brands that need a real and dynamic connection between own messages and consumers at the level of an individual location. Metaphorically, the differences between this project, which lays the foundations of a national SME ecosystem, and the previous methodology is like between a smartphone and a feature phone,” stated Dan Marc, founder and CEO, Footprints AI.
The partnership targets both convenience stores, as well as restaurants and hotels nationwide, which have installed cash registers from the Danubius portfolio. “In this first stage, the owners of the new fiscal equipment Datecs BlueCash 50 (which combines the cash register with the banking POS and sales system) will be able to participate, and the retailers registered this way will not have any additional cost, and will even benefit from an additional income of 25%, subject to certain conditions. It is important to note that all actions generated from this innovative collaboration observe and take into consideration GDPR policies, ensuring partners and collaborators the safety and civic responsibility manifested from the very beginning”, added Velin Ganev, Danubius Exim CEO.
Footprints AI is a Romanian technology startup that develops and commercializes one of the most advanced retail media platforms globally, offering a simple and extremely accessible way of converting anonymous traffic into profitable customers for physical retailers with the help of advanced Artificial Intelligence technology. The platform collects customer behavior data from physical stores and online data to create a comprehensive view of customer behavior. It also enables retailers to launch targeted advertising campaigns in a full self-service model and to personalize the complete omnichannel shopping journey for all customers in their ecosystem.