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7 Reasons Every Retail Company Needs an Automated AI Pricing Solution!

Gone are the days of manual number-crunching, outdated competitive pricing, and slow-paced price-optimizing activities. With the help of AI, retailers can now eliminate these tedious tasks and get 99% accurate information in less than half the time. Data suggests, that the global Artificial Intelligence in retail size was valued at USD 4.84 billion in 2021 and is projected to grow to USD 51.94 billion by 2029. This means retail brands who are still using old-school …

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How to remain competitive in volatile markets using Sciative’s dynamic Pricing model?

“We do over 3 billion Pricing Decisions Daily” Businesses spend a lot of time developing their pricing strategies. Unfortunately, many of them are not effective. Effective pricing in the digital economy begins with having access to the right data, analyzing it, and delivering it on time to generate the best price for the right customers. A successful pricing strategy enables companies to meet their profit targets while also nurturing customer loyalty. To maintain profitability and …

How to remain competitive in volatile markets using Sciative’s dynamic Pricing model? Read More »

How the Coronavirus pandemic has intensified the value of dynamic pricing for e-commerce businesses?

“Adoption of dynamic pricing is not a onesize-fits-all process; each organization’s journey is special.” According to a McKinsey report, ecommerce sales have increased by approximately 25% since the pandemic began, and this trend is expected to continue. Indeed, retailer preferences have changed significantly in favour of online channels. So many analysts expect this surge of consumer behaviour would open up 20- 40 % of companies’ existing market. The coronavirus pandemic has a significant impact on …

How the Coronavirus pandemic has intensified the value of dynamic pricing for e-commerce businesses? Read More »