Archive for the ‘Uncategorized’ Category

Location-Based Dog Food

Saturday, March 12th, 2011

Dog FoodApparently, Foursquare is testing NFC check in’s at it’s headquarters.  Two things strike me about this:

  1. Foursquare realizes that GPS alone is not enough to comfort merchants with the check in.
  2. Consumer-oriented technology companies need to “eat their own dog food” much more than they probably do.  Everyone in the company should be immersed in and obsessed with the consumer experience.  Everyone in the company should be a power user of their own app.

It can be easy to let our daily responsibilities and areas of focus take us away from the holistic user experience.  Nothing is more important.

Blue Dots, Mobile, Check-in’s and Cheaters

Monday, March 29th, 2010

Here are some articles which have caught my interest lately.

Blue Dot Special

Google has added a new feature to Google Shopping.  When you search for an item, not only will Google tell you the price ranges found, it will now tell you (indicated by a blue dot) the retailers that have it in-stock, it’s price, distance from you and a link to directions.   This could be trouble for local shopping startups like Milo.com

Mobile

According to a new Nielson report, smartphones will outnumber feature phones by the end of 2011.

Gartner released a new report outlining 10 mobile technologies to watch this year and next.  The two that most caught my attention were:

  • By 2011, over 85 percent of handsets shipped globally will include some form of browser.
  • By the end of 2011, over 75 percent of devices shipped in mature markets will include a GPS.

This has interesting implications for retailers and location-based services.

Check-in’s and Cheaters

Tired of checking into multiple location based services?  Check.in may have the answer.  It will be interesting to see how the fragmentation around ‘checking in’ will shake out.

Nate Riggs has a good article for retail and restaurant companies about how to leverage your relationship with your location’s Foursquare mayor.

Of course, you may be talking to a cheater.  A new app – Fake Mayor – allows users to present a screen which makes them appear to be mayor.  You should check the Foursquare website to be sure.

Foursquare Dashboard, Mobile Coupons and Geolocation

Wednesday, March 10th, 2010

Foursquare Introduces New Tools for Business. This is a more in-depth article on the new Foursquare dashboard.   Think Google Analytics for Foursquare data related to my business.

Target Stores to Bring Mobile Coupons Mainstream.

Andreessen Horowitz-backed Burbn bets location is more than a check-in.

Facebook to launch one of its many geolocation projects next month.

SXSWi: Let the geolocation games begin.

Location-Based Services Links

Tuesday, March 9th, 2010

OK, I admit I’ve been slack during the last month about my blog posts.   So, to get things jump started, I thought I would at least share links to recent articles I’ve found interesting.   I’m a bit obsessed with location-based services lately and believe that early adopter retail and restaurant companies will be able to leverage these to competitive advantage.

Are You a Foodspotter Yet? Foodspotting is a new application that helps you find good food.

Location Privacy Goes to Washington. Do we have a right to control what location-based advertisers do with our info once they have it? Do we have a right to ensure that law enforcement and government agencies don’t abuse our easily obtained mobile data streams? Are our children safe? What does social science research say about all these changes?

CauseWorld’s Checkin For Charity Gets More Citi Money. CauseWorld’s Checkin for Charity is a mobile app that lets users check in to retail shops for credits that can be donated to charity.

Blippy.com.  Sharing What You’re Buying. Blippy.com is a social networking site that encourages people to see and discuss what their friends and others are buying on services such as iTunes, Netflix, eBay, Amazon, and more.

Gowalla Follows Foursquare’s Lead with Real-Life Incentives. The first content integration will focus on the new series, Food Wars, a new Travel Channel offering where blindfolded participants choose sides to determine “Who Makes The Best Dish In Town.”

Foursquare Confirms Restaurant Dashboard Alpha Testing. 30 hand-picked restaurants are alpha-testing, “an analytics dashboard for Foursquare, where [restaurant] owners can pay to create custom offers and badges.”

Photo by:  dpstyles

NRF Top 10 – #7 Transaction Tree

Thursday, January 21st, 2010

780343989_f69fde96ac_bTransaction Tree enables retailers to provide electronic receipts to their customers.  They do this by collecting emails at the POS, combining them with the actual transaction data and enabling retailers to deliver customized emails with both the receipt data and relevant marketing.

Digital Receipt History

In 2000, NCR led creation of the Digital Receipt alliance.  Participating companies were Visa, Office Depot, America Online Inc., Microsoft Corp. and Hewlett-Packard Co.’s VeriFone division.  The alliance proposed a standard for digital receipts to the National Retail Federation’s technology standards body which now maintains this standard.

So, companies have been working in this space for nearly a decade.   There have been several attempts to approach this more from the consumer-side of the equation – attempting to create demand for a customer ‘receipt repository’ of sorts.   The latest entrant is Intuit QuickReceipts.  Transaction Tree has instead focused on providing technology which captures customer email and transaction data to facilitate emailing of the receipt along with relevant marketing messages.

What’s Changed

A few things are different now and may provide the catalyst for companies like Transaction Tree:

  • A large company with significant resources (Intuit) is sponsoring the repository and working with retailers to gain critical mass.  Transaction Tree is partnering with Intuit to populate the database (as is Afterbot).
  • Apple already offers email receipts and many customers are getting acclimated to the idea.
  • Retailers and their customers are looking for ways to be more ‘green’.
  • Retailers need to find new ways to reach customers on a one-to-one basis.  Leveraging receipt data to generate a more relevant offer to customers is one way to do this.

Risks

Collecting receipt information is not a difficult technical problem.    I know of at least one POS company that has an add-on module allowing for email receipts.   I believe Epicor announced something at NRF as well.  If retailers want it, POS companies will be forced to offer it.

The question is, will POS companies and retailers do this themselves as opposed to leveraging a company like Transaction Tree?  Perhaps, but the value to retailers is less in the data collection and more in how that data enables retailers to more effectively reach their customers.  This is not in the core skill set of most POS providers.

Their main competitors are AfterBot, Third Solutions and AllEtronic. Afterbot was the only other one I saw at NRF.

Is the time right for digital receipts?  I think you will see retailers increasingly making this option available to their customers.  Will Transaction Tree be a dominant player?  It’s too early to tell, but if they add value beyond simply email and transaction capture, then they have a shot.

Full Disclosure:  While I have no financial interest, I have informally advised Transaction Tree and have referred them to retailers looking for a solution like theirs.

Photo by Jorge Quinteros

Mobile, Social Media and the Customer Experience

Friday, January 8th, 2010

iStock_000007369128XSmallJoe Skorupa, Editor-in-Chief, RIS News recently wrote a blog post entitled “Fearless Retail Predictions: Part 2.”  He interviewed a strong panel of industry analysts, technology vendors and one retailer to come up with a list of predictions for 2010.   The predictions were heavily slanted toward the use of mobile and social media technologies. 

However, when you juxtapose these predictions with a recent comment from the RIS/IHL Group Store 2010 Store Systems Study, something is not lining up. 

“In this year’s study, we also asked how retailers use technology to enhance the customer experience. Should technology be used front and center as part of the experience or behind the scenes? Nearly half of the respondents (48%) answered: “We use technology to enable speed and execution, but it is largely invisible to consumers other than speed through checkout.” In other words, the customer experience in the store is not tied to technology.”

I’m confused because I believe that the power of mobile and social media technologies lies in just that – enhancing the customer experience.  This survey is directed heavily at IT personnel (63% of respondents).    Perhaps retail IT executives don’t see mobile and social media technologies as enhancing the customer experience.  Perhaps they are just not involved with how these technologies are being leveraged. 

Based on my experience with retail executives, these tools are being investigated mainly by the marketing department led by ad agencies looking for ways to capitalize on the changing media landscape.    Agencies are proposing mobile applications, couponing services, location-based services, social media campaigns and other creative ways of tapping into the social and mobile scene; all without much IT involvement. 

CIO’s need to get their arms around these marketing efforts – not to control them, but to help the organization understand how to more fully leverage these technologies;  integrating mobile into multi-channel and loyalty efforts, integrating social media into business intelligence efforts.    If left to outside forces, opportunities to leverage these technologies to differentiate the customer experience may be diminished or lost.  When these tools are integrated into the retailers’ infrastructure, they will truly become technology which enables a differentiated customer experience.

Mophie vs. Square

Thursday, December 31st, 2009

mophie paymentAccording to an article by Greg Kumparak on MobileCrunch yesterday, Mophie, manufacturer of iPhone hardware accessories is getting into the mobile payments business.

While currently a hardware provider only, Greg speculates that Mophie may also be getting into the software side of things.  Should they enter into the payment business, they will be competing head-to-head with Square.

This is another good example of how consumer wireless devices are going to force big changes on traditional hardware and providers in the retail device and payments space.

Square will Change the Retail Technology Landscape

Friday, December 4th, 2009

accept-payments2

In my previous blog post, I talked about how mobile will affect retail. One of my 6 implications for retail was the need to prepare for the coming of consumer devices, like the iPhone, to the enterprise.

“4. Ready or not, devices like the iPhone are coming to the retail enterprise. People are using them in their daily lives and will see the value of using them at work. Security and other concerns need to be addressed, but departments and business units will push retail CIO’s to incorporate these tools sooner rather than later.”

Square is a good example of what I mean.  Square is a new company led by Twitter co-founder Jack Dorsey.  I’m not sure if Square is the next big thing; there is of course some skepticism out there.   I do believe that over time, companies like Square will fundamentally change the landscape for payment and mobile device providers in the retail and restaurant space.

According to Eliot Van Buskirk’s article on the Wired website, the Square business model looks like merchant banking and additional, related services like loyalty and e-receipts for the low end of the market – single store operators and individuals selling via Craigslist.  Square will not put a dent in Verifone’s business soon.  Square’s power is in demonstrating how to take a consumer device and use it to make payment services and mobile retail applications accessible at a price point that is 80% lower than current solutions.

Impact on the Customer Experience

Square has the potential to enable significant improvements in the customer experience for both retailers and restaurant companies.   With something like Square, retailers and restaurant operators can facilitate an improved customer experience at a much lower price point.  For example, by allowing payment at the table, the payment process at a restaurant is easier and faster (valuable to both the customer and the restaurateur).

No Shortage of Challenges

There are plenty of issues, not the least of which are potential hacking of the device to steal credit card information, general security of the consumer device in a wireless environment, remote administration concerns and the lack of protection against viruses and other malevolent software.

Conclusion

Who knows if Square will be the winner, but the team and the funding behind it represent the opening shot in a battle with incumbents which will spur innovation to the benefit of retailers, restaurant companies and the customer experience.

Retality

Thursday, October 29th, 2009

I’ve worked in retail technology for most of my career.  I’ve also had an entrepreneurial itch for as long as I can remember.  I was having a great time working with the folks at Radiant, BlueCube and RedPrairie, so it just never seemed like te right time to pull the trigger.  I’ve come to believe that there is really no “right time” and no “perfect idea”.  You just need to decide if you are going to start.    

This summer, I made the decision to leave RedPrairie and pursue the entrepreneurial itch.  I spent many hours interviewing COO’s and CIO’s in the retail and restaurant space to better understand their current pains.   I am grateful to the many people who took the time to speak with me.  In these conversations, a pattern started to emerge; these companies were driving cost cutting efforts, but they needed to figure out a way to drive top line comp sales. 

Retality is about helping retail and restaurant companies leverage store, mobile, and social media technologies to deliver a differentiating customer experience and increase sales. 

Retality is about creating a great company to work with that delivers results.

Retality is about creating a great place to work.

Welcome to Retality.