Using GPS to predict successful retail locations

Using GPS to predict successful retail locations - http://www.nytimes.com Avatar Posted by morecowbell under Marketing
From http://www.nytimes.com 4185 days ago
Made Hot by: on July 1, 2008 4:01 am
We're in the midst of a boom in devices that show where people are at any point in time. Global positioning systems are among the hottest consumer electronics devices ever and cellphones increasingly come with G.P.S. chips. All of these devices churn out data that says something about how people live.

Such data could redefine what we know about consumer behavior, giving businesses early insight into economic trends, better ways to determine sites for offices and retail stores, and more effective ways to advertise.

Just this month, the journal Nature published a paper that looked at cellphone data from 100,000 people in an unnamed European country over six months and found that most follow very predictable routines. Knowing those routines means that you can set probabilities for them, and track how they change.





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