Dynamic Pricing

Dynamic Pricing – The Inevitable Future of Traditional Retail

Dynamic Pricing – The Inevitable Future of Traditional Retail What is the biggest threat to retail today? Why are traditional retail businesses witnessing a steep downfall in their top and bottom lines? Forget about the numbers, why is the very presence of real-world retail suddenly endangered?  This may surprise you, but the answer is not… Continue reading Dynamic Pricing – The Inevitable Future of Traditional Retail

How to Manage Dynamic Pricing in COVID-19

The COVID-19 pandemic and how it has affected business The COVID-19 pandemic has thrown the business world off of its’ axis. The virus has disrupted global productivity, manufacturing, service activities, and supply chains. How to manage dynamic pricing in COVID-19? With the major services that form the backbone of the business world out of commission,… Continue reading How to Manage Dynamic Pricing in COVID-19

Developing Machine Learning Models for Dynamic Pricing

Developing Machine Learning Models for Dynamic Pricing We previously talked about price optimization and dynamic pricing. Today, we are going to look at using developing machine learning (Ml) in dynamic pricing models. With artificial intelligence (AI) technology now going mainstream, dynamic pricing is something that even small retailers and e-commerce players can now use to… Continue reading Developing Machine Learning Models for Dynamic Pricing

How Machine Learning is Changing the World of Dynamic Pricing