Their offers were everywhere: on the streets, in the supermarkets, even on the poles. Some seemed risky — a business can barely afford giving such discounts as a rule. Others pretended to please a consumer, but the fine print at the bottom of the advertisement shed the light on the deal.
A competitive retail business gets more insights from printed ads than an average megapolis citizen chasing the most attractive offer ever. But where is a single source of all promotions and loyalty programs to make up a winning pricing policy?
Our client guaranteed that not a single ad would be missed, gathering all info about products and types of offers in a unified database. Led by the desire to cut costs on manual data processing and automate at least 80% of data handling operations, the client reached out to Oxagile for an AI solution.
A neural network detects all individual ads on the page and a cropping tool allows dividing one page into separate pieces of advertising.
After cropping, the solution dives into the ad details. Text detection and recognition algorithms identify all key messages, including a brand, price, volume, type of the product, etc.
It’s time for a neural network to classify the offers according to their type. Where are the “Buy one, get one” offers? What about the “X for…” option? The system finds them all and generates the Offer Table.
The solution was expected to process about 20,000 ad blocks daily. Given the fact that in some cases, only manual methods succeeded to identify the offer type, automation should make up at least 80% of all processing cases, with a text recognition accuracy close to 100%.
A delightful offer from a grocery store, sudden liquidation of goods, or seasonal discounts motivate shopping addicts to break their money boxes, but an abundance of ads is also a signal for other retailers that there are valuable sources coming to be analyzed for preparing an effective data-driven strategy.
The only thing left is to process huge amounts of printed ads, which is carefully guided by our customer.
On top of the high accuracy achieved by Oxagile’s AI-powered solution, our team considers involving an NLP model for reaching better results in recognizing offer types. Instead of the smart logic helping us show almost 93% accuracy of offer type recognition, we can also use machine learning techniques for sentiment analysis.