Dynamic Price System
WHAT'S THE DYMANIC PRICE SYSTEM?
In a world that witnesses an accelerated transformation, there are even more real-time data available. Many of them can be used as input to a price strategic approach.
To benefit yourself from this mass of data with the agility that the market demands, by adopting a strategic pricing approach disaggregated at the product / consumer level, you need to have the suitables tools.
Dynamic price is an approach that combines economic techniques with artificial intelligence to adjust the prices at a level of granularity and precision that wasn’t previously possible. This tool offers new approaches to generate value in pricing strategies.
MANY PRODUCTS ADJUSTED IN ONE STRATEGY
Algorithms developed to reproduce strategic pricing pre-established by the client disaggregated at the product level.
REAL-TIME MONITORING OF SUPPLY AND DEMAND
Market fluctuations, such as competitors price or consumer demand, are automatically adjusted by price.
STRATEGIC ECONOMIC OUTCOMES
Increase of revenue, profitability or Market share to the business, according to the strategy chosen by the client
ABOUT THE SOLUTION
Our Dynamic Price System solution combines knowledge of marketing, economy, data science and redesign of processes.
We start by understanding your pricing strategy. Then we model it based on the data science techniques, using econometric models to analyze changes in the economic situation and generate an artificial intelligence algorithm that automatically and dynamically alters the prices at the product/consumer level.
Going beyond sophisticated algorithms, we offer support to your Company in the redesign of pricing processes to include an innovative system, and we promote training sessions with internal teams to make them able to maintain and use the tool.