Pop-up stores can be found in nearly every mall. In addition to the fun-factor, these stores offer an opportunity to capture customer behavior patterns which can establish what works and what doesn’t, writes PATRICK MAPHOPHA of NetApp.
Enter any mall today and you are likely to come across the latest retail fad – the pop-up store. With the concept of ‘here today and gone tomorrow’ at its centre, this fresh, novel and creative concept has taken the world by storm. According a report by the Centre for Economics and Business Research entitled Britain’s Pop-Up Retail Economy Report, the pop-up retail sector generated over £2.3 billion in turnover over the past 12 months in the UK alone. Additionally the report showed that 44% of consumers have visited a pop-up shop in the last 12 months.
South Africa is no exception, as many international brands have opened their doors in the form of the pop-up store to test the unique market and gain brand exposure. For example, a well-known ice cream brand was one of the first to set up a pop-up shop in Johannesburg, offering customers the opportunity to experiment with flavours like crumbed chocolate cupcake, mint shortcake, chocolate brownie and frosted rose petals.
Pop-up stores are so much more than trivial creativity – they are also a science experiment
Despite its ‘fun’ factor, the pop-up store is far more than just a creative, novel idea – it is also an opportunity to capture vital customer behavioural and spending patterns through an integrated cloud point. That data can establish what works and what doesn’t, and determine whether a permanent store should be established in a particular market. In other words, a new company introducing their offering in an agile way via pop-up stores can experiment with consumer confidence. If enough growth or success materializes, the steps towards a permanent location may be taken.
According to the IDC’s Retail Insights Top Ten Predictions Report, no less than 40% of new retail applications purchased will be deployed in the cloud to speed and secure business objectives in 2017. In addition, according to the Big Data in Global Retail Market Report, which was commissioned by NOVONOUS, big data in the global retail market is expected to grow at a CAGR of 35%.
The cloud has the silver lining
A smart data solution is therefore integral to make the most of the pop-up opportunity by offering management, durability and analytics capabilities. Last year, Netapp announced new updates to its solutions portfolio for the Data Fabric, an abstraction layer to improve, control and simplify the movement of data in the hybrid cloud.
One option allows shop owners, for example to massively accelerate the movement of large data sets into Amazon Web Services (AWS) for data analysis. Once processed, the analysed data can be brought back on-premises if required. And just like the pop-up shop the service can be purchased on a ‘pay as you go’ basis which means it can be easily turned on and off as needed. Other options include the ability to use the same consistent data management both on-premises and in the public cloud – meaning that data can be controlled and accessed wherever it’s needed most. And finally, once data “cools”, meaning it is not accessed and analysed regularly any more, the same functionalities provide efficient backup to the cloud to help address compliance and data protection requirements.
In short, shop owners may leverage the benefits of the hybrid cloud and analytics applications as a service to determine aspects like buyer behaviour, identify market opportunities, adapt research and development, and manage data with business value holistically. Through the provision of these dedicated applications, store owners can even go so far as to connect the pop-up store experience in real time. For example, retailers could engage with buyers at the POS.
Taking the pop-up store to the next level
Once a foundational cloud portfolio has been established, the pop-up store can be transformed into a data collection machine. A global example that illustrates this was the recent campaign launched by a pet store in the US called Barkshop Live, which specialises in animal-antic toys. In order to test their products, they invited dog owners and their furry counterparts to test out their chewable offerings in person. Data was then collected around which toys were favoured via RFID-enabled vests that were fitted around the dogs. The data collected and stored through the cloud allowed the retailer to determine the bestselling products in order to increase turnover figures.
Pop-up stores are a great way to test the market before making a total investment commitment. As customer data increases towards the brontobyte, the time to control, manage, secure and move data across on-premises and public cloud resources has never been more prevalent. The evaluation of customer data could spell the evolution of the pop-up store towards a permanent feature – whether it’s through an online domain or a traditional bricks and mortar store.
- Patrick Maphopha, SE manager for Africa at NetApp.
Welcome to world of 2099
The world of 2099 will be unrecognisable from the world of today, but it can be predicted, says one visionary. ARTHUR GOLDSTUCK met him in Singapore.
Futuristic structures tower over the landscape. Giant, alien-looking trees light up with dazzling colours amid the hundreds of plant species that grow up their trunks. Cosmetic stores sell their wares via public touch-screens, with products delivered instantly in drawers below the screens.
This is not a vision of the future. It is a sample of Singapore today. But it is also an inkling of the world we may all experience in the future.
Singapore was the venue, last week, of the World Cities Summit, where engineers, politicians, investors and visionaries rubbed shoulders as they talked about the strategies and policies that would enhance urban living in the future.
As part of the Summit, global payment technologies leader Mastercard hosted a small media briefing by one of Singapore’s leading thinkers about the future, Dr Damian Tan, managing director of Vickers Venture Partners. The company’s slogan “We invest in the extraordinary,” offers a small clue to Tan’s perspective.
“We look as far forward as 2099 because, as a venture capital firm, we invest in the long term,” he tells a group of journalists from Africa and the Middle East. “Companies explode in growth because there is value in the future. If there is no growth, they won’t explode.”
The big question that the Smart Cities Summit and Mastercard are trying to help answer is, what will cities look like in the year 2099? Tan can’t give an exact answer, but he offers a framework that helps one approach the question.
“If you want to look at 81 years into the future, and understand the change that will come, you need to double that amount and look into the past. That takes us to 1856. The difference between then and now is the difference you can expect between now and 2099.”
Click here or on the page link below to read on: Page 2: Soldiers and Health in 2099.
- Arthur Goldstuck is founder of World Wide Worx and editor-in-chief of Gadget.co.za. Follow him on Twitter on @art2gee and on YouTube
Street art goes electric
Kaspersky Lab and British street artist D*Face have unveiled the first-ever “art helmet” design at the Formula E finale for electric cars in New York.
The ‘Save The World’ helmets will be raced by DS Virgin Racing’s drivers, Sam Bird and Alex Lynn, as they traverse the New York street circuit during the final races of the Formula E season.
The announcement signals the first art helmet by a Formula E team, continuing the heritage of art in motorsport and the cybersecurity brand’s commitment to contemporary art, creativity and innovation. D*Face took inspiration from Kaspersky Lab’s tagline, “A Company To Save The World”, and hopes that his colourful work will inspire people to take positive action.
D*Face will announce his first-ever art car design with a custom-made livery for the DS Virgin Racing Team. Its design will be released at the “Art Goes Green” event after Saturday’s race. The helmets and art car are the latest installations in the “Save the World” collection, following a major permanent public mural that was installed in Brooklyn, New York, in May.
D*Face, whose real name is Dean Stockton, said: “It is exciting to work with Kaspersky Lab on this project and create art with a real message of hope for a better future. After all, this is our world and we need to look after it. It will take every one of us to make a real lasting, impactful change. I love the mentality of the DS Virgin Racing Team and that of Formula E by showcasing sport in a way that doesn’t harm the environment, but is still just as exhilarating and fun.
“It is time for us all to stand together and make a change… be that stopping data steals, climate change, plastic waste or using damaging fuels. I want everyone to make a pledge to do one thing that will help make a change.”
As a sponsor of DS Virgin Racing Team, Kaspersky Lab is responsible for protecting the team’s devices against cyber threats. The company sees the technical environment in the global sport of Formula E as the next frontier in furthering its research and development of new technologies to keep vehicles secure in the digital world.
Sylvain Filippi, Managing Director at DS Virgin Racing, said: “The whole team fully supports this great initiative and our thanks got to Kaspersky and D*Face for their collaboration. It’s an honour to have such an innovative artist bring his talents to bear in our team ahead of the season-finale; the car, drivers’ crash helmets and mural all look amazing.”
Aldo Fucelli Pessot del Bo, Head of Global Partnerships and Sponsorships at Kaspersky Lab added: “There is a need for innovation on a global scale, both in contemporary art and in the fast-growing sport of Formula E. Now, for the first time ever, Kaspersky Lab is proudly bringing together the two sectors in an effort to Save the World and unleash creativity, encourage freedom of expression and further innovation.”