Data Science on Demand

Hire us! Let us be your experts.

IdealSpot can help you in one of two ways – either online through our self-service data platform, or collaboratively working with our team of data scientists, statisticians, and GIS experts. On the IdealSpot platform, anyone can break down locations and local markets in a quick and easy self-service process. However, sometimes you need an expert to distill the location intelligence into insights. Do you have proprietary performance data you want to leverage? Do you want to purchase for direct-use your own datasets such as Competitor POI or Real-Estate Transaction Histories? Do you want to become a data expert yourself during the process? Our hands-on consulting engagements may be exactly the type of help you need.

Expansion Efforts

Your Questions

  1. What are the key location factors that drive our business? What about high-performing locations differ from low-performing locations?
  2. How do we identify optimal markets as we explore new regions for expansion?
  3. Once we find prospective locations in specific regions, how do we deliberate between options to pick the most qualified options?

Make data-driven decisions leveraging the power of location intelligence.

Our Solutions

  • Send us your locations in ranking order from most successful to least successful.
  • Our team will cull millions of data points for each location in order to tease out correlations. These are the insights we need to build your data enabled archetype.
  • We look at demographics, demand data through social media, 24/7 traffic studies, spending habits and consumer behavior.
  • Then, we use your success archetype to conduct a reverse search for any statistical area around the country to highlight the regions that most closely match the criteria for your success archetype. This is your treasure map for expansion and growth.
  • Sun Tzu said, “The enemy of my enemy is my friend.” Send us addresses of high performing competition and we can add them to the correlation study.
  • As you find prospective locations, send them to us and we can rank them by the same criteria discovered for your success archetype.

Territory Cutting and Trade Area Definition

Your Questions

1. How do we cut territories or trade areas for our business?

2. How do we identify optimal markets through territory cutting or trade area definition?

Our Solutions

  • Send us any constraints/limits for the your trade areas or territories. These are the items that define how the areas are drawn.
  • Armed with your success archetype and any additional constraints, we can draw customized territories for your business.
  • Additionally, we can highlight the most attractive markets across the country based on your success archetype. These will represent optimal market opportunities.
  • We can complete this process for the entire USA.

Market Void / Gap Analysis and Tenant Recruiting

Your Questions

  1. What types of retailers fit the demographics and purchasing behavior of the local trade area? Which are the best fit for our development projects?
  2. What does the competitive landscape look like for the most attractive business categories identified?
  3. How do I create a compelling narrative for the tenants we want to recruit?

Our Solutions

  • We rank the top 10 most underserved business categories within any city, zip code, census block group or by location with custom radii or drive time.
  • Data utilized for our market void: 2016 demographics, demand data through trends in search engine usage, social network activity, spending habits and consumer behaviors.
  • To properly identify the competitive landscape for the underserved categories, we will map out all the relative competition and display it through various maps and data tables for easy identification.
  • Then, we can help you create compelling marketing materials to attract the tenants you want for your projects.

Proprietary Data Integration and White Labeled Platform

Your Questions

  1. Is there a way to use our own proprietary performance data?
  2. Can you help us understand our customers?
  3. Can we create customized insights tailored to our business to help us make quicker decisions through on-demand access to our data?
  4. Can we purchase and use advanced datasets such as competitor POI locations or real-estate transaction histories?

Our Solutions

  • We create a portal for you to upload your data to the IdealSpot platform.
  • To create customized data insights and layers we will work closely with you to define these insights so we can pair them with our various quantitative and qualitative outputs.
  • You’ll need the ability to export numerous reports and data sets, we will design export functionality customized to your needs.
  • We can also design ranking and scoring algorithms specific to your business that are displayed on your white labeled platform and exportable reports.

IdealSpot is the smart choice for retail market intelligence

Democratized local retail data and insights

Free, quick, and easy answers to location and retail questions

Simple pricing; no contracts or expensive consultants

Reduced risk by understanding real-time purchase intent