Ground Truth Analysis of Unacast Foot Traffic Data

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What is Ground Truth Data?

The term "ground truth" is used in various fields and refers to any information that is provided by direct observation, as opposed to data provided by inference. It is measured as a target variable and used as trusted information to investigate how valid and reliable other data sources are. 

Absolute Visitation Numbers

Finding absolute visitation numbers for venues is hard because collecting that data requires a large number of resources. In addition, those organizations who do have ground truth data aren't apt to share it. However, comparing Unacast foot traffic data against a third party ground truth is necessary to depict how well Unacast algorithms work and how reliable the data is.

Therefore, in this ground truth study we investigated Unacast foot traffic data against the following ground truth data:

  1. Visitation to Football Stadiums Before and After Playoffs in the U.S.
  2. Comparison of Worker Count for Manufacturing Facilities in the U.S.
  3. Student Seasonality Behavior for Certain Brands in U.S. College Towns

1. Visitation to Football Stadiums Before and After Playoffs in the U.S.

In the following analysis we looked at individual football stadium locations. In particular, we compared Kansas City and Boston football stadiums' visitation capacity against our own visitation count. The comparison is done for the time range of October 2018 to February 2019 and the results show that Unacast visitation matches the approximate capacity of the stadiums on game days. Since our visitation numbers also include staff some overshooting is expected.


2. Comparison of Worker Count for Manufacturing Facilities in the U.S.

We estimated the amount of workers (fixed + short-term) for 5 selected manufacturing facilities in the U.S. Based on online sources, we collected the employee numbers for those facilities in 2019. The facilities we investigated were:

  • Chattanooga (VW)
  • Fremont (Tesla)
  • Everett (Boeing)
  • Lansing Delta Township (GM)
  • Chicago Assembly (Ford)

To calculate the employee estimate based on our data, we looked at the average foot traffic for workdays across the year. Since those calculations would still include certain biases (like holidays, vacation, or sickness), we do expect a generally decreased average person count compared to the number of workers.

The results show that, except for the Everett facility (Boeing), Unacast metrics are estimating the  amount of workers in the range of what we expected. For the Everett facility, however, we do have a more reduced average person count that can easily be explained by the size and complexity of the facility. It is likely that our polygon does not capture the entire Everett facility.

3. Student Seasonality Behavior for Certain Brands in U.S. College Towns

As mentioned before, ground truth data for foot traffic is rare. Therefore, we also investigated seasonal shopping behavior typical for college-dominated counties. 

Considering the broad market share across the demographies of Walmarts, this analysis assumes that Walmarts in college towns will not show a typical student seasonality (like a reduction in foot traffic during semester breaks). However, we expect that campuses near point of interest brands like Dunkin Donuts will show a more pronounced student seasonality.

The plot below shows how the Walmart visitation pattern seems largely unaffected by Winter, Summer, and Spring Break, whereas the Dunkin’ Donuts see massive drops in visitation during these periods of students leaving the campus area. For example, in Tuscaloosa County, Walmart was largely unscathed by seasonal student traffic, whereas Dunkin Donuts was quite adversely affected.

What Have We Learned?

Comparing ground truth data with Unacast data for stadium visitations was spot on. Our tools accurately depict what was actually happening on the ground. 

In our study of manufacturing facilities, the only outlier was the Everett facility, which can be partially explained by the size. All other data matched within 20%, which is good considering other potential biases.

Lastly, Unacast research discovered that certain brands are affected differently by student migration patterns. While companies like Walmart seem to fair well year-round, Dunkin Donuts takes a hit when students are on semester break.

Frequently Asked Questions

Discover how analyzing real-world movement patterns can reveal valuable trends in customer behavior, optimize business operations, and enhance strategic decision-making.

What is site selection and why is it important?

Site selection is the strategic process by which businesses identify, evaluate, and choose optimal locations for their operations. This process is paramount as the location of a business directly influences factors such as accessibility, visibility, profitability, and market longevity. For retailers, the right site can mean higher customer footfall and increased sales. In real estate, a well-selected site can promise lucrative returns on investment and tenant stability. Financial service firms leverage site selection to position their branches or ATMs in high-demand areas. Essentially, site selection plays a pivotal role in ensuring the success and growth of a business by aligning its physical presence with market opportunities and demands.

How does location intelligence enhance site selection?

Location intelligence refers to the harnessing of geospatial data to derive actionable insights, which can significantly enhance the site selection process. By analyzing data like consumer demographics, foot traffic patterns, competitor locations, trade area data, and more, businesses can make more informed decisions about where to establish or expand their operations. Location intelligence allows for a deeper understanding of market dynamics, revealing hidden opportunities or potential pitfalls. For instance, retailers can identify gaps in the market, real estate professionals can forecast property value trends, and financial service providers can assess areas with high customer demand. Advanced tools, like those offered by Unacast, further refine these insights by leveraging AI and machine learning, enabling more precise and timely decision-making.

What challenges do businesses face in the site selection process?

Unacast provides invaluable support to businesses during the site selection process through its advanced location data and analytics software, all powered and refined by Artificial Intelligence and Machine Learning technologies. The company offers a suite of products designed to deliver accurate, actionable, and comprehensive location intelligence. This data proves crucial for businesses looking to understand consumer behavior, analyze traffic patterns, evaluate competitor locations, and much more. With Unacast’s robust tools, businesses in retail, real estate, and financial services can derive insightful information necessary for making strategic, informed site selection decisions. The platform not only provides reliable data but also ensures it is readily actionable for businesses, whether they are looking to open a new store, invest in property, or expand their financial services to new locations.

What types of location data are crucial for informed site selection?

Demographic data offers insights into the age, income, and lifestyle of people in a particular area, helping businesses understand their potential customer base. Foot traffic data provides information on the number of people visiting a location, which is crucial for retailers to estimate the store's potential popularity and for real estate professionals to assess an area's vibrancy and demand. Geographic Information System (GIS) data helps in visualizing and analyzing geographical details, supporting companies in identifying accessible and strategically located sites. Understanding the proximity to competitors, accessibility, and the socio-economic profile of the surrounding areas is also vital. Unacast’s platform aggregates and analyzes these various data types, providing a holistic view that significantly empowers businesses in their site selection endeavors.

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