Ebook

The art of pricing in the age of AI

The art of pricing in the age of AI

Pages 18 Pages

In the age of AI, pricing analytics has become crucial for businesses to drive profitability and gain a market edge. The whitepaper explores pricing analytics, contrasting traditional strategies with AI-driven methodologies such as Linear Programming, Thompson Sampling, and reinforcement learning. AI enhances pricing strategies with advanced algorithms, addressing challenges like data quality and model complexity. Game theory's strategic application further optimizes pricing. Despite challenges in implementing AI in pricing analytics, its benefits outweigh the difficulties, providing businesses with tools for data-driven pricing decisions, ultimately fostering profitability and competitive advantage.

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