Machine Intelligence

Article archives from the Pricing Pricing Society

Pricing and Artificial Intelligence: A Match Made in Heaven?

With the ability to analyze vast amounts of data in real time, Artificial Intelligence (AI) algorithms offer the potential to identify optimal pricing for products or services at any given time. However, as with any new technology, there are potential drawbacks that businesses must be aware of to ensure effective and ethical implementation. In this article, the author explores the benefits and drawbacks of Price Optimization using AI algorithms, as well as solutions businesses can implement to navigate the challenges and maximize the benefits.

Demystifying Pricing Algorithms Using Artificial Intelligence and Machine Learning

In this article, the authors explore Artificial Intelligence, Machine Learning and Algorithms, show real examples of applications in the world of Pricing and Revenue Management, and examine the benefits, challenges, and points of caution to consider when using these “new” technologies.

By |2022-11-25T14:13:44+00:00November 30, 2022|Machine Intelligence, Price Automation, Pricing Articles|0 Comments

Should You Be Concerned about Price Collusion? – Machine Intelligence

While the technology may not be in place to make price collusion a reality, price discrimination is certainly happening and is something that consumers should be aware of. To avoid being duped into paying higher prices because of location, net worth, past shopping history, etc., consumers must shop wisely, protecting as much of their purchase behavior as possible. Now more than ever, it’s important to take the time to research and compare in order to get the best possible price, as the author explains.

By |2022-03-23T21:07:25+00:00November 30, 2021|Machine Intelligence, Pricing Articles|0 Comments
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