FaceMedia ranked among TOP 8 global retail start-ups!

According to Gartner, by 2020, 85% of customer interactions in retail will be managed by artificial intelligence. Inception, NVIDIA’s virtual accelerator for AI start-ups, has 1500+ early-stage companies in its program. FaceMedia was selected from them as one of the TOP 8 global start-ups disrupting retail.

Nvidia highlighted Automated Customer Satisfaction Score (ACSS)™ technology deployed by Tatra Banka in their recent new design concept.

Tatra Banka, as the first bank in Slovakia, is experimenting with a unique AI (Artificial Intelligence) technology that evaluates the satisfaction of clients visiting branches.

FaceMedia Retail Analytics

FaceMedia face and body detection solution gathers data about age, gender and emotions of visitors has been deployed to explore the attractiveness of new designs for future Tatra bank branches. On top of classic approach, the analysis of the conscious decision making – utilizing standard survey, Tatra Banka decided to add a completely new approach using AI technology.

The world’s unique solution allows to analyse customers’ behaviour without interaction. Analyses are performed based on changes in the emotions of visitors and their mood when visiting branches. The algorithm recognizes 8 emotions that are automatically process and classified into qualitative types in scale 1 – 5 as follows: very satisfied, satisfied, neutral, somewhat dissatisfied and dissatisfied.

Benefits for Tatra Banka

FaceMedia’s automated facial recognition, customer-satisfaction system provided Tatra Banka with a number of critical business benefits:

  • Enhanced decision making — Tatra Banka is now able to calculate and determine the satisfaction score of their customers in real-time.
  • “Satisfaction at a glance” — FaceMedia’s implementation of the Automated Customer Satisfaction Score (ACSS) ™ through facial detection and analysis works with 95% of branch visitors with no direct interaction.
  • Lower TCO and improved ROI—The solution partially reused technology already installed in Tatra Banka’s retail locations thereby reducing the total cost-of-ownership and ability to increase overall return-on-investment.

The scalability of the solution ensures that retailers can continue its expansion or deploy FaceMedia technology across the network.

About FaceMedia

At FaceMedia we are implementing face and body-detection based technologies to deliver innovative solutions for retail, digital signage and digital out-of-home advertising. We help our customers to analyze customer insights and identify key metrics about visitors of their stores and shopping malls; enable data-driven decision making based on online access to gathered statistics; deliver personalized experience with “on the spot” targeted content displaying and with easy to use distribution of content.