Occupancy is one of the important metrics for retailers. It helps them achieving goals such as optimizing staff scheduling to improve the customer experience and potentially reduce costs.
However, with the recent events of the ongoing fight against the COVID-19 pandemic, occupancy has come into play to be a key metric in maintaining social distancing guidelines. Businesses around the world are implementing occupancy to ensure the safety of their customers and staff, and help their businesses survive and strive.
How can you build accuracy and which technology should you use?
Accurate occupancy data is now more critical than ever; Occupancy relies on the data collected from people counters. People counting sensors measure the number of people as they enter and exit a building.
When it comes to measuring occupancy, data accuracy is critical, as inaccurate data can build up and cause errors over time; if the error range becomes higher than the actual occupancy, the metric is rendered entirely useless.
At a 95% accuracy, significant errors can accumulate since many people are not counted while entering or exiting the building. In locations where footfall is high, this means that the live occupancy count could be off by as many as 25 peopleas the day goes by. This error accumulation means that your live occupancy count could be preventing people from entering when it is safe to do so, affecting both sales and revenue, and allowing more people into your building than what is actually safe.
Piximate has built a strong experience in AI and built bullet-proof tools for retailers.
Is Occupancy bringing a business value?
The current pandemic crisis has urged many businesses to implement live occupancy solutions to comply with government regulations everywhere. However, real-time occupancy can have great value beyond the present application of social distancing. Occupancy data can take retail analytics to the next level; For office buildings, occupancy data can help businesses run smartly and efficiently by enabling substantial cost savings.
But occupancy will really make sense if you can use the information properly. Let’s take a small grocery store for example. While the store manager would have a live information, he couldn’t do a lot about it as he will in any ways be understaffed or additional staff will cost too much money.
Occupancy data can provide space utilization and occupancy analytics for buildings of all sizes. This data can go beyond just counting people at the entrance; it can also be specific to the floor, department, and even individual rooms.
These insights allow business managers to remove the guesswork when making important business decisions and better understand how their space utilization to enable huge savings, workplace optimization, and energy usage reduction.
Why would you go for Piximate?
Allying privacy and efficiency, Piximate’s technology has been built to help its customers by bringing value without the hassle of complicated technology. Our Covid-19 solution for example has been built without the need of any technocal intervention apart a power plug. You will fine more information here