We have finished a Proof of Concept of our firmware to extract data from low cost, off the shelf IoT sensors (Wi-Fi, bluetooth and cameras), which we can bring to life for retailers’ decision making in Europe and the USA.
Our proprietary platform of interconnected and remotely-managed plug-and-play modules can be deployed without IT intervention (store owners usually prefer not to deal with their IT). Modules based on unexpensive off-the-shelf hardware devices can be extended to provide additional functions (Wi-Fi, iBeacons, NFC, etc.). It is an integrated, cloud-based platform ready-made for analytics, CRM and marketing, either directly or through partners using our APIs.
Considering competitors, StoreHero is more modular, flexible and cheaper, does not require any integration with customer’s IT and it’s plug and play. Morevover, our sensors are ready to ship and we have a robust big data processing backend.
StoreHero we will serve any retailer, and not only data analysits as competitors do. StoreHero is a virtual assistant that will be able to deliver insights rather than complex dashboard, to a wide variety of users. From the smallest store owner, to the store manager and store associate in the largest of stores, data will be available to their fingertips. Simple push notifications and interactive AI recommendations will be made available so that a store can be better managed, for its employees and customers, just as we do with e-commerce sites.
Our ambition is to create a network of physical locations interconnected by our sensors, which will be easily sold online and self-served. With such a large network, StoreHero will be available to any store and to anybody with a commercial activity. Our platform will be connected to in-venue apps; marketers and brands will advertise their products and pay for access to the network, and revenues we will be shared with stores and venues.
5 years after launching StoreHero project to the market, we will reach 311,568 stores in the Italy, Spain, USA, UK, Germany and France, obtaining an cumulative profit of 67,163,100€.
