Common Sense Virtual Roundtable:

Optimal Pricing for Your Products in the ‘New Normal’ with AI

September 23rd, Successfully held

Presented by

Here’s what we discussed:

How to improve the success in AI Project Implementation?

Experience and challenges around dynamic pricing and AI

Moderated by

Here is what we learned:

Price has always been the holy grail of revenue increases and heightened margins. It’s a balancing act between optimization of right-pricing, group pricing, and the cannibalization that can happen from that. It includes interesting factors that start with managing the process of pricing to the definition of what margin is.

Automated dynamic pricing using both machine learning and artificial intelligence can help both online and offline retailers improve the process and better compete on pricing.

In this virtual roundtable presented by Analytics2Go, ways to improve the success in AI project implementation and the experience and challenges around dynamic pricing and AI were discussed.

Here are some of the key points:

What motivates your customer to buy?

For LatAm ecommerce platform Mobly, the price of the product is the most relevant factor for more than 60% of customers, followed by delivery times and shipping costs.

Without automation, how dynamic is your pricing?

Mobly has more than 20,000 SKUs. Before automating the process, it was able to manually do dynamic pricing for 240 products a week. With automation, it can do dynamic pricing for all its SKUs, daily.

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About Analytics2Go

Analytics2Go provides AI solutions to the Retail, CPG, Distribution, eCommerce, and QSR industries.

Analytics2Go solves the problems of high infrastructure costs, lack of experience using AI to solve business problems, and restricted access to external data sources needed to optimize results. All of the above hurdles have resulted in under 50% of AI initiatives being successfully deployed in businesses.

Analytics2Go cloud-based platform houses all the technology required to ingest the data, operate the AI models, and deliver insights, predictions, recommendations, and alerts directly to end-users. You get your own ‘mini’ AI operating system to address from one to dozens of business problems specific to your company.

Participation in the Virtual Roundtable is free of charge to qualified attendees. Once you’ve completed the registration, we’ll confirm your invitation and send you a calendar invite with a link to the meeting.

If you don’t qualify, we’ll suggest other learning events that may be a better fit for you.

Here’s what attendees at past events have said:

I think it’s really a must-attend event for CX professionals. I’ve gone to other events in the past and this surpasses all of them.

Kimberly Carpenter

Director, Large Business Customer Experience, NRG Energy

A lot of other conferences I’ve gone to are driven off a podium, someone presenting me a solution before they understand my problem. Here I have an opportunity to talk to my peers and learn from them.

Ryan Smith

Sr. Director Care Strategy & CX, GoDaddy

I’m not part of some enormous crowd out there. I’m getting lot of interaction, hearing from people, their own personal stories. Individual examples of how people are leveraging their CX skills in their industry, in their business, in the work that they do everyday.

Nicholas Zeisler

Principal, Zeisler Consulting

Very intimate, Very one-on-one! You are able to really get a lot of candid responses, so we’re getting a ton of value from that and a lot of valuable insights.