Optimize pricing strategies through AI-based dynamic pricing

By tapping into the power of AI for dynamic pricing, we’re essentially letting smart algorithms crunch numbers from different data sources. This way, prices get adjusted on-the-fly to keep businesses competitive while also aiming to boost their revenue. It’s like having a super-smart assistant who knows exactly when to make things cheaper or pricier! Here’s a step-by-step guide on how to implement AI-based dynamic pricing for your business:

1. Data Collection : Aggregate data from a variety of sources, including historical sales…