Price Automation

Article archives from the Pricing Pricing Society

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

Machine Learning for the Masses: Regression Analysis

Machine learning and artificial intelligence have become very popular topics in the pricing community. However, many perceive these tools as overly complex and not practical to implement quickly into their existing processes. In this article, the author presents a machine learning technique called regression analysis and demonstrates simple applications that can be readily employed by pricers in any industry.

Artificial Intelligence for Pricing

Artificial Intelligence (AI), and particularly Machine Learning (ML), will change the game for pricing. But AI’s just the tip of the iceberg. You need first to make sure that the foundations of your business - your pricing strategy and implementation plan, data, workforce, etc. - are solid so you can introduce AI constructively, as the authors explain.

By |2022-05-14T20:04:19+00:00April 30, 2019|Price Automation, Pricing Articles|0 Comments

When and How to Automate

Pricing automation systems and software tools are gaining more attention daily, as AI and machine learning are expanding the scope of what jobs can be done and what processes can be automated. These types of software systems can save time, effort and money, but not without demanding and fair share of resources first. In this article, the author explores several factors – such as current processes and resources, and data availability and quality – that should be considered before moving to a new automation system.

By |2022-05-14T21:03:49+00:00January 31, 2019|Price Automation, Pricing Articles|0 Comments
Go to Top