Apartment owners in the Sutherland Shire face an almost 50 per cent hike in rates as councils across Sydney seek to narrow the gap in average rates paid for apartments compared with houses. Sutherland Shire Council has asked the Independent Pricing and Regulatory Tribunal to approve an increase in minimum rates from $602.30 to $900 […]
Forward-thinking CEOs have embraced business intelligence tools and big data, and many are considering how they can utilize artificial intelligence (AI) and predictive analytics. But analysis alone doesn’t always go far enough. To catch up to industry leaders like Amazon, Netflix, Google and others, I believe executives need to think beyond analytics and move toward […]
The world’s most successful companies (Uber, Amazon, Airbnb, and many others) already use dynamic pricing to predict changes in supply and demand, optimizing prices in real-time to maximize revenue. Consumers are already familiar with dynamic pricing: Uber rides, flights, hotels, and even Disneyworld tickets are all examples. The benefits of AI and Dynamic pricing are […]
Keep up with the latest pricing news, events, and other resources via LinkedIn here. Find upcoming pricing training events here. The following are a few of our favorite recent pricing shares and discussions on LinkedIn.
THE AI APPROACH The AI approach is based on processing all the available data and evaluating the connections and relationships between every single product, which sheds light on the various “ripple” effects – such as cross-category cannibalization/affinity, promotional and price elasticities, and forward-buying – that occur across the entire retailer’s product assortment anytime a decision […]
Want to devastate your financial performance? Simple. Get pricing wrong. And yet, 42% of retailers still primarily use spreadsheets for pricing and 34% use internally built software. What’s the problem with these traditional tools? For starters, both are incapable of supporting big data, machine learning and artificial intelligence (AI). You know, science. Which is a […]
Brian Meekle’s caravan is parked beside the M32 motorway that cuts through the eastern half of Bristol. Meekle has been living there for the past two months because he doesn’t earn enough from the 33-to-45-hour weeks he works at a nearby retail warehouse to pay the rent for a flat. “The rents in Bristol have […]
Most retailers are already engaged in data analytics and predictive modeling. Today, using data to predict more successful outcomes — ultimately leading to increased sales — is not as mystifying a concept as it was even a year ago. But with a market being upended by an omnichannel imperative and consumer demand for instant gratification, […]
In today’s polarized political environment, it’s hard to find any issue that an Illinois Democrat and a Florida Republican can agree on. Here’s one: the skyrocketing costs of prescription drugs are a scourge that must be dealt with as soon as possible. Drug companies are making record profits and at the same time raising the […]
Popular blogger mrbrown posted on his Twitter account yesterday about a suggestion he received to implement a surge pricing system for public transport. mrbrown, or Lee Kin Mun, said in his tweet that “Someone just suggested surge pricing for Public Transport”. In his tweet, he shared a screenshot of a letter to the Straits Times […]
PND is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: Perfect Price The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in […]
This Week in Pricing > 6/15/19
TWIP is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: Vistaar Vistaar is leading SaaS software provider that enables companies to optimize pricing, promotion, configuration, and rebate management. Our solutions are powered by predictive models leveraged by machine learning that […]
A Legal Pricing Meditation | Hire an Esquire
We’ve saved a major announcement for the P3 2019 Pricing Conference: We’re now offering a subscription staffing service. Law practices and legal service companies can now subscribe to our platform for low to no fee permanent hiring and dramatically reduced payrolling fees for flexible hires. You can read more about the “how” here, we’d like […]
Here’s how much Raptors Game 5 tickets cost — and what you could spend it on instead | Global News
Ticketmaster sold out for the entire series almost immediately last month, leaving fans with no choice but to peruse the secondary ticket market through sites like StubHub and SeatGeek. Those sites operate based on demand, and demand has never been higher. The average price for a Game 5 ticket on the secondary market is US […]
Benefits Of Artificial Intelligence Pricing Solutions | net life set
The key objectives of any business are reduction of expenses and maximization of profits. Having many employees implies that the business will be paying a huge amount of money as wages and salaries at the end of every month. Nonetheless, with the advancement in technology, systems have been created that can help out the business […]
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