Scanalytics is among the top 10 fastest growing “Internet of Things” companies, measuring human behavior insights through intelligent floor sensors and a device-agnostic predictive analytics platform. The advanced algorithms translate consumer foot traffic into actionable data for real-time and historical access to the evolving trends in physical spaces. Using the floor sensor technology, businesses capture and analyze occupancy, traffic patterns and engagement times to increase conversions and improve ROI for their locations. With over 80 million impressions to date, Scanalytics has deployed SoleSensors across North America, Europe, Southeast Asia and Australia.
Founded by Joe Scanlin and Matt McCoy in 2012, it began when Scanlin was shopping at a retail store and became interested in the methodologies in which companies with a physical footprint could understand human behavior. “The orientation of how I was standing, how long I was there, what I was looking at, the time of day; this told a story that I was giving them but no one was tracking,” says Scanlin.
It did not take long for a solution to come. Scanlin and McCoy set to work developing the first version of what's now known as the SoleSensor, a smart floor sensor that measures 100% of foot traffic in physical spaces, and also tracks behaviors such as dwell time, turnover, and patience rates. Scanlin states, “our tools help businesses understand key points such as how long someone was standing in front of a product, and how that relates to their level of interest in purchasing it.”