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

Informacje na temat projektu

CyreenApplication

Identyfikator umowy o grant: 889256

DOI

10.3030/889256

Projekt został zamknięty

Data podpisania przez KE 4 Listopada 2019

Data rozpoczęcia 1 Grudnia 2019

Data zakończenia 31 Maja 2020

Finansowanie w ramach

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Koszt całkowity

€ 71 429,00

Wkład UE

€ 50 000,00

Koordynowany przez

CYREEN GMBH
Germany

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

Okres sprawozdawczy: 2019-12-01 do 2020-05-31

Podsumowanie kontekstu i ogólnych celów projektu

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.

Prace wykonane od początku projektu do końca okresu sprawozdawczego oraz najważniejsze dotychczasowe rezultaty

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.

Innowacyjność oraz oczekiwany potencjalny wpływ (w tym dotychczasowe znaczenie społeczno-gospodarcze i szersze implikacje społeczne projektu)

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.