Smart Space and IoT Monetization: Shopping Malls
IoT technologies turn properties into smart space not only for efficient operations and better customer experience, but also additional revenue with the
maximized space utilization.
By analyzing frequent visitor patterns and footprint, tenant revenue managers can identify which stores to resize, relocate and reprice to shape the best mix of stores, plan store adjacencies that encourage longer mall visits and ultimately drive higher consumer spending as well as leasing revenues.
IoT devices also assist security teams to monitor specific areas like pop-up stores. Security teams will be notified if there is any suspicious access to restricted areas without patrolling the space.
Combining smart washroom solution and cleaning robots, shopping malls are enabled to offer optimized operations and better shopping experience, leading to higher retail foot traffic.
Talk to our IoT specialists to explore how you can monetize your shopping mall data.
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