Connecting Ad-Impressions with Purchase. The new advanced Advertisement at the point of sales.

Projektinformationen

CyreenApplication

ID Finanzhilfevereinbarung: 889256

DOI

10.3030/889256

Projekt abgeschlossen

EK-Unterschriftsdatum 4 November 2019

Startdatum 1 Dezember 2019

Enddatum 31 Mai 2020

Finanziert unter

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Gesamtkosten

€ 71 429,00

EU-Beitrag

€ 50 000,00

Koordiniert durch

CYREEN GMBH
Germany

Periodic Reporting for period 1 - CyreenApplication (Connecting Ad-Impressions with Purchase. The new advanced Advertisement at the point of sales.)

Berichtszeitraum: 2019-12-01 bis 2020-05-31

Zusammenfassung vom Kontext und den Gesamtzielen des Projekts

Due to prevailing analytical limitations in the marketing industry, it is oftentimes hard for advertisers to assess the impact of a campaign and in turn understand how to improve its effectiveness. Therefore, Cyreen developed a marketing solution C.A.P. (Connecting Ad-Impressions with Purchase): A novel digital marketing channel installed in grocery stores. The intelligent system ensures that shoppers see relevant content during their purchase decisions. C.A.P. then connects the seen content with a shopper’s transactional data (anonymously), enabling unique big data analyses to measure the advertising effectiveness.

We believe that this project can help to increase the effectiveness of marketing measures due to the use of highly standardized and large amounts of data. However, since the process can function completely anonymously, society benefits from it by not being unwillingly exploited in terms of personal information. Cyreen fights against this intrusive trend apparent in the industry (i.e. Facebook).

The overall objective of the project is to further develop an effective marketing channel and successfully incorporate it in the retail industry. Cyreen aims to create a transparent marketing tool, which helps advertisers to run, measure and optimize campaigns while treating personal information with the highest level of respect.

Based on the feasibility study, the final conclusion of the action is to continue the project.

Arbeit, die ab Beginn des Projekts bis zum Ende des durch den Bericht erfassten Berichtszeitraums geleistet wurde, und die wichtigsten bis dahin erzielten Ergebnisse

The project was being assessed for technical (i.e. automated analytics & enhanced system stability), commercial (i.e. international market assessment & reinforcing contacts) and financial (i.e. financial forecast & profitability) feasibility. Due to the positive evaluation of all these three dimensions, it was concluded to continue the project. In addition to the feasibility study, the software and hardware of C.A.P. was continuously improved and Cyreen prepared the necessary technical and commercial arrangements for an accelerated scaling of the system.

Fortschritte, die über den aktuellen Stand der Technik hinausgehen und voraussichtliche potenzielle Auswirkungen (einschließlich der bis dato erzielten sozioökonomischen Auswirkungen und weiter gefassten gesellschaftlichen Auswirkungen des Projekts)

Next to introducing an unorthodox, anonymous marketing solution during the personalization hype, C.A.P. has the potential to positively impact local brands and producers around our stores. Since the advertising can be hyper-regionalized, small and young companies can run effective ad campaigns with actionable insights. Hence, C.A.P. can foster the retail digitalization and help small businesses to bring new products to the market and compete against established market players.