Consider this scenario.
John and Tina are owner/ operators of a successful, popular mid-sized café in an upmarket suburban shopping district.
They had always planned to build-up the business and sell it to fund travels in their retirement in 2020.
Then COVID hit.
Not only can they not freely travel for the time being, but the unique conditions have raised some serious questions to the perceived value of the café on the open market.
Two years ago they decided to invest in an exciting new development in presence detection technology for retail and hospitality – the Foresense platform.
Foresense Technologies offers a low-cost, high return on investment model geared towards improving business efficiency and the bottom-line.
In a similar way to how behavioural data is utilised online through careful analysis of aspects such as dwell time, session duration, and unique and return visitations, Foresense collects presence data through sensors integrating with visitors’ smartphones compiling a highly detailed data repository for immediate – and future – reference unique to any business.
With business evaluations typically determined by factors such as revenue, profits- and-losses finances, current market conditions and risks, concepts such as intrinsic value, competitive advantage, intangible assets and future opportunities have never been more relevant to business sales in these uncertain times.
This is where the Foresense platform comes into the fray.
Foresense has among its vast feature set two key characteristics – detailed data collection/collation over time and an ability to divulge real- time information on any given area and its patrons.
COVID outbreaks and hot-spots have now become the norm as we learn to live with the virus.
With more questions than answers regarding vaccination availability and efficacy – not to mention distribution and roll-out timeframes, it is clear that the virus will continue to change the ways in which we go about our daily lives for the foreseeable future.
Currently the only real, concrete way to combat the virus spread is the careful monitoring of peoples movements, their contacts, and overall density and total numbers in any given space.