Tag: Pricing Algorithms

Ten Ways AI-Powered Algorithms Will Transform Your Supply Chain | Supply Chain Management Review

Ten Ways AI-Powered Algorithms Will Transform Your Supply Chain | Supply Chain Management Review

New Product, New Wins Digital Supply Chain knowledge should be added to the process of deciding what to make or do to drive growth. Winning companies will adopt a more integrated cross-functional view that includes their DSC to gather important customer insights and information. They add value by being in touch with the customer and […]

What is low-code development? A Lego-like approach to building software | ITworld

What is low-code development? A Lego-like approach to building software | ITworld

Grabbing Slurpee sales data to go 7-Eleven turned to low-code to supply product pricing information to regional managers who visit as many as 10 stores a day. The convenience store retailer, which operates 10,000 retail locations in the U.S., constructed a field price optimization app that enables its regional managers to access pertinent sales, says […]

The price is right? Let the data answer that | Marketing Land

The price is right? Let the data answer that | Marketing Land

You don’t hear as much about using offline data and technology to determine accurate bidding. I look across the industry and still see the lion’s share of the efforts devoted toward using offline data and technology to segment audiences, while the same offline data and technology remain comparatively underutilized when it comes to optimizing bid […]

‘Unfair estate agent pricing costs sellers millions’ | The Times

‘Unfair estate agent pricing costs sellers millions’ | The Times

A lack of transparency among estate agents is damaging competition and costing homesellers hundreds of millions of pounds a year, according to research. Only one in every 50 estate agents list the commission they charge on their websites while nearly two thirds also fail to provide a quote over the phone, making it hard to […]

‘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 […]