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To better meet the changing needs of customers, maximize efficiency, and maintain profitability, banks must make branch network right-sizing decisions using hyperlocal data and a site analysis tool.

All companies from the smallest startups to multinational corporations can benefit from a competitive landscape analysis, which is considered a key ingredient to success. But they are all missing one thing: the usage of hyperlocal data such as mobility data.

To measure store success, static data must be combined with pedestrian and vehicle mobility data, which are a powerful means of predicting sales and adapting supply to demand with the utmost accuracy.

Korem can help you develop an effective EV infrastructure strategy through location data and site analytics that will assist you in complying with regulations and meeting increasing customer demand.

Investing in geospatial data and technology now could ensure your business resilience and give you an invaluable competitive advantage in the future.

For years, the retail industry has relied on Annual Average Daily Traffic (AADT) to understand traffic around existing and planned locations. However, it is no longer an accurate measure as a differentiating indicator because there are now more reliable sources of traffic data available, such as DHT.

The gap between technology and expertise continues to widen as the technology, the appetite for new data, and solutions advance as well.

Data collection is not always done in a transparent manner, and sometimes doesn’t respect confidentiality and privacy considerations. That is why it is in the best interest of organizations to deal with a neutral specialist who can provide advice on sensitive data.

Currently, EV charging stations are popping up at hotels, malls, and restaurants. This is already transforming trade areas for both fuel retailers and the places where consumers stop for longer periods of time than they would to gas up their ICE cars.

If Census geographies are suspect and mobile movement data are subject to limited geographic extents and privacy, what’s the answer? The answer is to use both.

Several banking customer experience trends are likely to emerge and unfold over the next year to meet the changing needs of the public.

In February 2022, the US Federal Communications Commission set new guidance for delivering information regarding the availability of broadband internet services throughout the United States.

DaaS addresses the challenges related to finding or sourcing third-party data, in this case, geospatial data. There are several key benefits of DaaS, such as the discoverability of available data, the ability to streamline procurement, the transaction-based data licensing agreement, and the access to the latest vintage and updates.

The confusing thing about Data as a Service, or DaaS, is that there are so many different kinds from which to choose. A solution provider that has the expertise to customize the technology menu to satisfy the entire banquet of business problems will likely be required.

Before companies can benefit from artificial intelligence (AI) and machine learning (ML), they must first invest in data integrity — in its accuracy and validity throughout its life cycle.

With the rise in popularity of online services, traffic analysis is becoming paramount for banks to make accurate financial forecasts and the best decisions about opening and closing branches.

Access to quality geospatial data and analysis of that data using a geographic information system (GIS) is critical to determining ideal sites for electric vehicle charging stations.

Insurers are increasingly embracing geospatial technology and, more specifically, hyper-precise insurance underwriting data and insurance geocoding systems to improve pricing policies.

Geospatial technology is everywhere, enabling organizations to make better decisions and invest their money more intelligently. But that requires quality data.

With the fast expansion of the 5G network and the high demand for cell phones, carriers are looking to increase the capacity of their networks with location technology.

Aerial or satellite Earth observation imagery allows insurance companies to quickly and efficiently assess damage, identify fraudulent claims and save costs.

Foot traffic data contributes to the creation of a model for retail store success. It helps measure customer attraction, understand local demographics and the impact of competition.

Today, selecting “where” is the domain of the geospatial data scientists that have an abundance of information available to them. However, because the access to digital data is rich and vast, the competition is brutal.

Two factors contribute to the complexity of geospatial data: its uncertainty and its diversity. Given this, there are some key elements to consider when purchasing data.

Purchasing geospatial data is not easy and just offering it up in a data marketplace doesn’t make it more convenient.

Current and accurate geospatial data provides the ability to mitigate risks associated with potentially hazardous situations in order to comply with regulatory guidelines.

The geocoding methodology and accuracy are critical to assess risk so that insurance policies may be correctly priced, and mortgages can be properly underwritten.

Mobility data has tremendous potential and the COVID-19 era shed light on how more dynamic, more real-time data has been utilized. Users can now seek those additional applications of the data and technology.

Throughout the transportation and delivery industries, companies have to cope with drastically changing routing plans. With cities and towns under constant development across the United States, routes that were once speedy and efficient can suddenly be rendered slow and congested.

Learn how GIS improves fleet management and assists business organization in scaling their supply chain practices.

Korem’s HERE GIS Map Data allows insurance agencies to identify locations with high crime and flooding to minimize risks.

Along with federal and state entities, using GIS for local government bodies such as townships, cities and counties can be highly beneficial. Analyzing geospatial data for government agencies can accomplish many essential tasks.

Korem’s HERE Data applies to the banking and financial industry by using GIS data to keep track of branches, ATMs, and customers.

Korem’s HERE Map Data assists the telecommunications industry with marketing, customer service, capital planning, and more. Contact us today!.

HERE Technologies made some adjustments to their pricing this year. Korem presents the main changes, and what they mean to you and your organization.

Fond farewell to Syncsort and Pitney Bowes Software and Data, and welcome Precisely, a new brand and strategy accelerating leadership in data integrity.

The use and valorization of enriched geographical data to enhance predictive modeling and segmentation.

The past few years have seen major changes in business intelligence due to increasingly sophisticated techniques that lead to optimal decision-making.