The power of Time-of-Flight people counting technology in retail banking
Accuracy and efficiency
One major advantage of Time-of-Flight people counting in retail banking is its high level of accuracy. Time-of-Flight sensors use infrared light to detect and measure the distance between objects, which allows them to track people with a high degree of precision. Terabee Time-of-Flight sensors deliver data accuracy rates of better than 98%. This accuracy is crucial for retail banks, as it allows them to gather reliable data on foot traffic patterns and customer behavior.
In addition to accuracy, Time-of-Flight people counting is also highly efficient. Because Time-of-Flight sensors don’t rely on camera technology, they’re less sensitive to factors like low light and shadows. This means they can function reliably in a wide range of environments, including crowded retail banking spaces. Time-of-Flight sensors from Terabee are less sensitive to low-light conditions, ambient noise, and interference, making them suitable for use in a wide range of environments.
Another key advantage of Time-of-Flight people counting is privacy protection. Because Time-of-Flight sensors don’t capture images, they’re able to protect customer privacy in a way that camera-based solutions can’t. This is especially important in retail banking, where customer confidentiality is a top priority.
Time-of-Flight people counting sensors collect only non-personally identifiable data, such as foot traffic counts and dwell times. This allows retail banks to gather valuable insights about customer behavior without compromising privacy. As a result, ToF people counting solutions are fully compliant with privacy regulations like the GDPR.
Terabee Time-of-Flight sensors do not measure the height of someone passing into or out of the counting area, and they don’t gather any information about gender, physical appearance, clothing or other personal data. This means complete data privacy for individuals and it is a key advantage of Terabee’s people counting technology. Read more about people counting devices GDPR compliance.
Improved customer experience
By accurately measuring foot traffic and customer behavior, Time-of-Flight people counting can help retail banks improve their customer experience. For example, retail banks can use foot traffic data to optimize staffing levels and reduce wait times. They can also use dwell time data to identify areas of the bank that customers are spending the most time in, and adjust the layout or offerings in those areas accordingly.
In addition, Time-of-Flight people counting can help retail banks identify peak hours and adjust their operations accordingly. This can help reduce congestion and create a smoother, more efficient banking experience for customers.
Compared to other people counting solutions, Time-of-Flight technology is relatively affordable. It’s also easy to install, which means retail banks can start gathering valuable data quickly and with minimal disruption. In the long run, the cost-effectiveness of Time-of-Flight people counting can lead to significant cost savings for retail banks.
Terabee people counting systems, with embedded algorithms that produce typical counting accuracy of 98% or better, provide both real-time and accumulative occupancy level data.
As retail banks continue to evolve and adapt, ToF people counting technology is emerging as a key solution for optimizing physical spaces. Its accuracy, efficiency, privacy protection, improved customer experience, and cost-effectiveness make it an attractive option for retail banks of all sizes. By investing in ToF people counting solutions, retail banks can gather valuable insights about customer behavior, improve the customer experience, and drive growth in their businesses.
People Counting solutions from Terabee
With its ability to aggregate data taken from up to five separate sensors, the Terabee People Counting L-XL device provides easy installation and configuration for a retail banking environment. It’s a highly accurate solution to gather data on people flow at large doors, entrances and indoor gates.
Its smaller sibling, the People Counting M device is suitable for standard doorways and narrow corridors, such as meeting rooms and waiting areas.
Contact us to speak to an expert about your people counting challenges and requirements. Get in touch today! If you would like to learn how to deploy people counting solutions in your facility, contact a member of the Terabee team today.