M Science Partners with Placer.ai to Launch TRAFFIC, Bringing Consumer Foot Traffic Analysis to the Investment Industry
NEW YORK--(BUSINESS WIRE)--Apr 15, 2019--M Science, the pioneer in data-driven research and analytics, today launched TRAFFIC, a data solution offering deep visibility into footfall trends. These unique insights have been developed through an exclusive partnership with Placer.ai, the leading location intelligence platform delivering real-time and actionable insights into the offline consumer journey.
“After 3-years of intensive diligence around the footfall space, we chose Placer.ai as our strategic data partner. With the addition of TRAFFIC to the M Science suite of solutions, we are giving our clients the ability to cross-validate among multiple data sources in near real-time,” said Michael Marrale, CEO of M Science. “Our data science and engineering team and our research team collaborated with Placer.ai to create a curated solution for investment professionals that is unmatched in the industry.”
TRAFFIC’s precise place attachment provides increased accuracy and transparency into venues such as fast food restaurants, casinos, theme parks and ski resorts and when coupled with M Science’s transaction-level consumer data provides unparalleled insights. Placer.ai’s technology allows TRAFFIC to provide an instantaneous view of foot traffic trends, a proxy and early indicator of consumer intent to purchase. Combined with the ability to analyze transaction data through M Science’s SWIPE solution, TRAFFIC clients can anticipate and measure the effectiveness of company-led initiatives such as marketing campaigns and promotions designed to increase foot traffic and spend. Importantly, M Science research analysts will incorporate this rich data into their process and work flow to generate deeper insights for our clients.
“We are thrilled that after extensive testing, M Science concluded that Placer’s data is the most robust and accurate in the industry,” said Noam Ben-Zvi, CEO of Placer.ai. “As the leader in using data-driven research and analytics to help clients generate alpha, M Science is the ideal partner to bring foot traffic analysis to the financial community with the addition of TRAFFIC to their already impressive lineup.”
The launch of TRAFFIC follows the recent release by M Science of a weather analysis solution, the combination of which allows clients to quantify the impact of weather events on attendance at theme parks, crowds at shopping malls or influx in customers at hardline retailers and grocers, in advance of any transactional or company reported metrics. TRAFFIC launches with coverage of 13 sub-sectors including department stores, grocers, restaurants, resorts & casinos, and mall REITs. Companies covered have met rigorous accuracy benchmarks based on publicly reported information and additionally checked against transaction data for source debiasing and quality verification.
TRAFFIC is available on-demand with data updated daily via API or M Science’s visualization platform, M Data Viz.
About M Science
M Science is a data-driven research and analytics firm, uncovering new insights for leading financial institutions and corporations. M Science is revolutionizing research, discovering new data sets and pioneering methodologies to provide actionable intelligence. Our research teams have decades of experience working with unstructured data in near real-time to discern critical insights that help clients make smarter, more informed decisions. We combine the best of finance, data and technology to create a truly unique value proposition for both financial services firms and major corporations in a variety of industries.
M Science is a portfolio company of Leucadia Investments, a division of Jefferies Financial Group Inc. (NYSE: JEF).
Placer.ai is the leading location intelligence platform for firms to better spot opportunity, manage risk, and maximize investment. Powered by behavioral data from tens of millions of mobile devices and the latest in machine learning and big data, we empower our clients with real-time and actionable insights into the offline consumer journey, at any location. Placer’s focus on data quality, ease of use, and customer privacy has led it to become the trusted partner of the top firms with location exposure in the nation.
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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE TELECOMMUNICATIONS OTHER TECHNOLOGY MOBILE/WIRELESS PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: M Science
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PUB: 04/15/2019 08:00 AM/DISC: 04/15/2019 08:00 AM