Turns consumers' garbage into golden data
Online grocery retailers lose 40% of their potential market just because customers find themselves without milk in the morning and instantly buy it in another store
This is 40% in a $700B market in the U.S alone
And it is not just milk...
Today, online grocery retailers tempt you with shorter delivery and seduce you with sale methods - It costs Billions.
What if online retailers are looking for their next business opportunity at the wrong places?
Household Inventory
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automatically updated with the new products (Based on info from retailer)
Our Solution
AI-based system, combines cutting edge deep learning capabilities & core behavioral tools, that by monitoring consumers’ garbage bins, provides accurate data about
what they currently have at home and what they need to buy
We know what they consume and when they consume it.
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Household inventory
Consumption & Recognition
Household Manager
Notification
automatically updated with the new products (Based on info from retailer)
Our IOT sensor recognizes the consumed products thrown into the garbage bin
Actively manages household shopping and inventory.
Alerts before essential products are about to run out and trigger their weekly order.
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Until today, the only consumption insights we had were through the Point Of Sale
We created the —
Point Of Need
the precise moment when the user
needs a product, even before it runs out
Our strategic location gives us the opportunity
to gather amazing data nobody else have.
With this special data, for the first time in history,
We can differentiate between "Overconsumption", "Over Purchase" and “Over Waste”.
Secure customer loyalty
Being more loyal to their customers by helping them improve consumption habits, save consumers money, time and hustle.
Binsight’s seamless & simple solution helps online grocers
Revenue increase
Reaching 40% of their $700B potential market - massive revenue increase
Ultimately, we even reduce food waste and help our planet.
Traction
Successful Pilot
Company
Multiple LOI’s
Consumers Survey US \ Prof. Dan Ariely
90%
of respondents under 40 with children want a service which provides a dynamic list of their kitchen inventory
84%
are looking for a service which will suggest what they can eat according to what they have, prioritizing items that are about to go bad
