Speaker:
Jeremy Bergstein - VP of Global Experience at Resonai
– Shopping malls were a staple of 80s and 90s culture, but have declined for several reasons.
– For one, they've been displaced by eCommerce (shopping) and coffee shops (hangouts).
– Malls have also been ground zero for the "retailpocolypse" degradation of physical shopping.
– The Covid era didn't help... accelerating all of the above and existing retail declines.
– But can malls return to glory using by using fire to fight fire (read: digital technologies)?
– Resonai thinks so, and its weapon of choice is AR, bringing malls to life with digital content.
– For example, AR can populate mall space, including discoverable product promotions.
– These can be strategically geo-anchored for mall retailers to drive traffic to their doors.
– This transcends existing infrastructure (e.g. directory screens) and utilizes shoppers' phones.
– Bergstein argues that this is a more attainable stepping stone to the vision of
AR everywhere.
– In this case, AR can be confined to controlled and built environments in a given shopping mall.
– It does this by working with shopping centers to scan their interiors as a basis for AR localization.
– The ROI proposition for the shopping center is to offer its patrons and tenants value.
– For shoppers, it helps them discover products and navigate to their favorite stores.
– For retailers, it helps them to boost foot traffic, and realize stronger ROI on their lease.
– And malls themselves can increase their monetization through limitless ad inventory.
– An additional constituent is facilities managers, given AR overlays for building vitals (think: HVAC).
– Beyond shopping malls, next up for Resonai will be spaces like airports, casinos, and hotels.
For more color from Bergstein, check out the full session below...