Need No. 2: Accurate Predictive Models
A.I.-powered predictive platforms are capable of quickly ingesting and analyzing far more data than several human minds combined. This offers incredible computing power to any organization.
Within minutes, John’s team can now run a highly reliable sales forecast on any location, update quarterly sales revenue data to rebuild an entire model, or test remodel scenarios on multiple locations. And within hours, they can also explore new trade areas or calculate how store openings may affect sales in existing markets.
Need No. 3: Reporting
John’s team typically spends several days preparing presentations for real estate committee meetings. But the days of manually converting endless data to Excel charts are over.
With their new solution, the team can access convenient built-in templates to create compelling reports in just minutes. Hours once spent on tedious, mindless tasks will soon be reallocated to valuable site exploration and acquisition initiatives.
Moving from Survive to Thrive
Given our current economic climate, and the rapid pace at which our market changes, John’s team needs to adapt quickly. In an environment of unprecedented real estate opportunities and fluctuating consumer trends, they cannot rely on outdated consultative models to make fast, accurate location decisions for today.
By adopting an advanced predictive analytics platform, the team can move from survive to thrive by:
- Accessing an unlimited number of accurate sales forecasts
- Running white space analyses to identify hot new markets
- Performing impact studies to calculate possible cannibalization
- See what customers are saying and feeling in any trade area.
- Testing remodel scenarios to verify sales uplift potential
Empower your real estate team to predict, evolve and thrive today.
Liz Jennings-Orozco is the COO at SiteZeus, a cutting-edge predictive analytics platform based in Tampa, FL. She leads her teams to proactively investigate, anticipate and solve for their clients’ market planning needs. By delivering A.I.-powered growth and optimization models, SiteZeus is the go-to solution for multi-unit brands like Subway, Burger King, Inspire Brands and Checkers.