Problem
“Where”- an independent entrepreneur or a startup faces difficulty in finding the best place to open their business as many projects fail due to poor selection of site or insufficient feasibility studies
“What”- are the parameters required to perform a quick and reliable feasibility study
Solution
Map for Entrepreneurs is a tool that assists entrepreneurs in selecting the most suitable location to open up their business which will lead to success of business. It is a map interface along with a prompt function that can filter the possible locations based on the parameters defined by the user. The tool gathers data from related webpages through APIs such as real estate websites for rent prices and google maps for geospatial data. It can also analyse menu images from Google maps to gather data regarding competitors and their products’ pricings. The tool predicts the best locations based on the trained prediction model that was previously trained with successful business cases, and allocates them on the map, the user then chooses the most convenient one or asks the tool again to select one out of all options presented.
Case Studies
AccuSite by MapZot.AI is an Real Estate Site Selection Software that can make fast and efficient location decisions. It monitors billions of anonymized customer location tracks and derives real-time consumer behaviour and unmatched demographics.
It provides:
- Trade Areas
- Parcel Information
- Customer Visitation and insights
- Demographics
- Competitive Benchmarking
- Industry Trends
CARTO enables organizations to use spatial data and analysis for more efficient delivery routes, better behavioural marketing, strategic store placements, and much more.
CARTO runs natively on top of your cloud data warehouse platform (e.g. Google BigQuery, Snowflake, AWS Redshift, etc.), providing easy access to highly scalable spatial analysis and visualization capabilities in the cloud – be it for analytics, app development, data engineering, and more. CARTO is available in both cloud and self-hosted deployments.
CARTO provides a site selection tool used across many areas of the retail industry, including: Quick Service Restaurants, Drop-off / Pick-up Points & Lockers, Distribution Centers, Supermarkets, EV Charging Points, Shopping Malls & Centers, Apparel & Fashion, Showrooms, as well as Ghost Kitchens & Stores.
Suggested Tool Flow Chart
