Location of New Stores – Location Analysis

Retail (physical)

An analysis of zip codes and demographic information gives a basis for understanding the potential of the market. And competitor markets are also taken into consideration. Additionally, a retailers network analysis is performed. The algorithm gives the best possible output after taking into consideration all of these points

Benefits for the company

Before a business can decide where to open up their stores, they do a ton of analysis and figure what the best location to set up shop would be

Feasability

Medium

Type of expertise/ AI domain

Machine Learning – Clustering Algorithm, and Price Analysis

Internal data required

Demographics, competitor market penetration

External data possible

 Microeconomic data, Demographics

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