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Big Data, Machine Learning & Trends in New Retail By Francis Kwok, CEO PopSquare July 17, 2020

Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

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Page 1: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

Big Data, Machine Learning &

Trends in New Retail

By Francis Kwok,

CEO PopSquare

July 17, 2020

Page 2: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

My Background1

HKUST: One of 1st AI

recommender system in the

World

Radica: Leader of database

marketing tech in Asia, 4 officesPopSquare: Moving Smart

Shop Platform

Page 3: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

1

Page 4: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

PopSquare Limited. All Rights Reserved.

Problems of Traditional Retail

Lack of ChoicesHigh Cost Lack of insight

1

Page 5: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

The Scenes1

K11 MacPhersonD2 Place

Science Park

Olympic City

Clockenflap, ContainerDesign Inspire

WF Central, Beijing

Zero Carbon Building

APTG, Taipei

Lane Crawford Office

Page 6: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

KEY LEARNING

Page 7: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

2 Key Learning 1: offline data is new oil

Page 8: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

Vision of FutureSuper Intelligence Sales Consultant

2

Online Data

● Sales Data● CRM Data● Campaign Data● Open Data

Offline Data

● Outfit Data● Voice Data● Environment Data● Pickup Data

Better UXBetter Timing

Better Objective Reasoning

Benefits● Auto-Product Recommendations● Correlation between brands● Online Customer Profiling● RFM Matrix

Benefits● FAST 4Ps optimization● Trending experience ● Offline Customer Profiling and

correlations● Instant AI Dialog

Page 9: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

2 Key Learning 2: breakthrough of big data technology

Page 10: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

2 Key Learning 3: smartly cost efficient

Page 11: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product
Page 12: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

2 Key Learning 4: Experience is New Model of Retail

Page 13: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

The Changes3

1.10%

10.10%

12.20%

Tradtional Retail Sales (Exc

fuel)

Ecommerce Sales

Popup

UK retail sales increase over the past year

Page 14: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product
Page 15: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product
Page 16: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

Choose your Popup

locations globallyBuild & Setup

Experience & get

insight

Use big data to help

brands to select where to

popup anytime,

anywhere, no

commitment required.

Build physical popup

store online in different

locations easily

Customers can play with

the products and we can

talk & track their features

and behaviours for

analysis.

3 How big data & machine learning simplified retails?

Page 17: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

Case 1: The Story of Jola, Happihood

Higher Conversion5x Product trial time30%+

Pickup174

In 3 days of event,

Video Chat10+ Transactions18

Approach8420

4

Page 18: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

Case 3: Clockenflap Music Festival x Facesss 4

Page 19: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

Case 3: Clockenflap Music Festival x Facesss 4

- No pressure trial different products

- Help Facesss to acquire new customer

database in 3 days event

- Big discovery! Guess!

Page 20: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product
Page 21: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

Power of Automated and Mobile

PopSquare Retail Shop PopSquare vs Retail

Avg hourly traffic 55/500 person 15/500 person 266%

Engagement 10 person 3 person 233%

Avg stay Time 7 mins 5 mins 40%

Page 22: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

22

Your Marketing Dollars: Online vs Offline

USD$10000 spent on PopSquare placements vs. digital ads

Impression

Discovery

Action

Engagement

Avg. time engaged

PopSquare Placement

536,000People walk by your product

330,000People look at your product

60%Decide to learn/touch

240Take further action after trying your product

19Seconds of engagement

Digital Ads

1,500,000People scroll through your ad

10,000People click to your website

0.1%

0Physically demo your product

< 3Seconds of engagement

Page 23: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

Skincare &

Well-being

Lifestyle &

Home DecorationTech gadgets

Cool kids

Based on our pick-up analysis, we have this discovery4

Page 24: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

24

Get Access to Best Location you need

Page 25: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

Not you find shop, shops find you

Future: mobile shopping centres

Page 26: Big Data, Machine Learning & Trends in New Retail€¦ · 3 How big data & machine learning simplified retails? Case 1: The Story of Jola, Happihood Higher Conversion5x 30 Product

THANK YOU

Francis Kwok: [email protected]

www.popsquare.io