Tag: Pricing Algorithms

‘Fares hiked due to higher demand’: Pricing algorithms threaten to tip fine balance between consumer protection, market competition | FirstPost

‘Fares hiked due to higher demand’: Pricing algorithms threaten to tip fine balance between consumer protection, market competition | FirstPost

One such manifestation of such technological developments as indicated in the Vidhi Report are pricing algorithms. Such pricing algorithms are commonly employed by online businesses, particularly in airline, hotel booking and road transport industries, which heavily rely on sophisticated pricing tools to determine and update their prices. For instance, it is common to experience surge […]

Talking Technology with Waste Management’s Chief Digital Officer | Waste 360

Talking Technology with Waste Management’s Chief Digital Officer | Waste 360

Sjoqvist joined the company in 2012 and was previously vice president of pricing and then vice president of revenue management. In those roles, he had responsibility for pricing, disciplined growth planning, marketing and advanced revenue analytics. Waste360 recently sat down with Sjoqvist to discuss his new role and how Waste Management will use technology in […]

Analytics: changing the face of airplane travel | Information Age

Analytics: changing the face of airplane travel | Information Age

Predicting instead of second-guessing Anyone who has ever booked a flight knows that it’s next to impossible to predict exactly when the best time to do so is. Many people have had the experience where they book a flight one day only to find it much cheaper somewhere else just a few days later. Analytics […]

Pricing for Profitability: You Are in Control, Even If It Doesn’t Feel That Way Yet | HuffPost

Pricing for Profitability: You Are in Control, Even If It Doesn’t Feel That Way Yet | HuffPost

One of the hardest aspects of starting a small business is pricing. Even if you have done your research and feel pretty good about where you’ve set your prices now, you may find yourself feeling unhappy or growing resentful down the line. Not a good feeling! The good news is that you can master pricing […]

Can Robots Collude? | Lexology

Can Robots Collude? | Lexology

Businesses are increasingly using, developing and improving their ability to promptly respond to market conditions, innovate product offerings, and set prices using algorithms and artificial intelligence systems (AI). Algorithm pricing systems differ from traditional more ‘manual’ price setting practices as they can: Assimilate and process significant amounts of information relating to competitor prices, demand, price […]

Match Group’s Tinder emerges as cash cow courtesy of data science, dynamic pricing, paying off tech debt | ZDNet

Match Group’s Tinder emerges as cash cow courtesy of data science, dynamic pricing, paying off tech debt | ZDNet

The more interesting development will be seeing how Tinder uses artificial intelligence to drive matches as well as monetization and revenue growth. Tinder has been building its data science team and added Dr. Xue Liu, a computer science professor at McGill University, as its chief scientist. Tinder is also adding analytics and data science talent […]

4 Ways You Could Be Incorporating Artificial Intelligence Into Your Marketing Strategy | Entrepreneur

4 Ways You Could Be Incorporating Artificial Intelligence Into Your Marketing Strategy | Entrepreneur

4. Pricing Finally, another huge opportunity for AI-savvy marketers is the possibility of dynamic pricing. As digital content manager Robert Allen has wisely commented on LinkedIn: “Discounts are extremely powerful, but they can also hurt your bottom line . . . sales are so effective because they get people to buy your product that previously […]

Trainline uses predictive analytics to help rail passengers save money | Computer Weekly

Trainline uses predictive analytics to help rail passengers save money | Computer Weekly

Trainline has revealed details of how it is using predictive analytics to help rail passengers save money when buying tickets on its app through the roll-out of its Price Prediction tool. This service uses big data to judge how the price of an advance ticket will increase in the days leading up to the passenger’s […]

How Healthi is using predictive analytics to promote preventive healthcare | YourStory

How Healthi is using predictive analytics to promote preventive healthcare | YourStory

The challenges “When we started we thought our biggest challenge would be taking the healthcare report and making sense of it. But what we found was that most partners we worked with had customised systems and no standard mechanisms. So the challenge was how do we talk to multiple players and get the systems to […]

What Does It Take To See Gentrification Before It Happens? | NPR

What Does It Take To See Gentrification Before It Happens? | NPR

Big data is a shorthand term for the insane amounts of information being generated by human beings in our digital world. From cellphones to credit card transactions to social media, we are all leaving digital contrails of almost all of our activity in the world. Learning how to harvest and analyze these digital traces en […]