Use the potential of your data to increase profits through intelligent algorithms.
We Increase Profit ,We accelerate the decision-making process, We analyze, using ML, data volumes that are not amenable to manual analysis.
The DP system allows offering the right price to the right customer for the right product at the right time, to increase your business income. ‘
This type of pricing allows businesses to sell their services or products online and automatically adjust prices in response to market changes.
Furthermore, the system helps improve and speed up the decision-making process by providing detailed information about hundreds or thousands of factors influencing the price, interpreting the final price recommendation.
Why You Need This
A Bit of Statistics According to analytics firm McKinsey, with proper integration and, most importantly, transparency of decision-making by the algorithm, retail companies can expect significant and sustainable effects – typically, a sales increase from 2 to 5% and a margin increase by 5-10% along with a higher level of customer satisfaction. An example of the most successful DP implementation in Retail is the experience of Amazon – they were able to increase profits by up to 25%. A recent survey conducted by the Fuqua School of Business at Duke University showed that only 53 out of 1042 leading companies in the American market regularly use AI/ML in their marketing. And those who do, according to Bain & Company, are the best players in their industries and use dynamic pricing almost twice as often as their competitors, quickly responding to market changes and taking advantage of ups and downs. Thus, companies using DP profit by raising prices during high demand or lowering them to avoid volume losses. Outpacing competitors thanks to data analytics, decision-making speed, and offer relevance at a specific time.
What We Offer Our company specializes in end-to-end development of dynamic pricing systems. We create a unique solution based on the experience of our analysts and programmers in mathematics and algorithms, and your team of experts with business experience and knowledge. Thus, a system is created, aimed at solving business tasks, within which the company’s DNA is embedded. Important! The systems we develop are understandable and interpretable because we apply statistical machine learning algorithms taking into account your business rules. Security All calculations are performed on your equipment and do not leave the company’s servers. Integration Integrating the system into your circuit or any convenient space. Simplicity and Understandability Advanced machine learning algorithms that are interpretable are used in our work.”
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