Humans are pretty bad at determining how much something should cost. Make better, more scientific pricing decisions with historical data and other factors.
Sometimes, it all seems to be about price. But it’s not as simple as that, and even pricing itself is a complex practice. Low prices risk negative margin impact. High prices might scare away buyers. And then there are competitive pressures, geographical and market variations, and ever-changing cost of inputs that need to be factored in.
Our data science platform helps make pricing optimization easier, more scientific, and less subjective or even whimsical – taking into consideration all possible factors and historical data.
Optimize pricing for all possible influences – competitors, suppliers, consumer preferences, risks. Leverage all available data for better pricing decisions.
There’s no limit to what can be priced scientifically. From manufactured goods to those on the retail shelf to hospitality to professional services, make any price more impactful.
Make one-price-fits-all a thing of the past. Employ pricing models that change dynamically throughout the day, or for each individual customer.
No more glossing over regional or customer segment differences. Create pricing that satisfies each specific customer group and yields the best profit margin.
Understand how other execs are achieving success & planning for the future, so you can make the best decisions for your organization.
Learn more about pricing optimization including how customers react to different pricing, the four key prices to determine, and how machine learning can help.
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Data science teams are an evolution of the marketing operations function, who are responsible for marketing technology, processes, and analytics.
Learn how to build a Sales Pipeline Analysis solution using RapidMiner, removing the bias that plagues traditional forecasting processes.
Thinking about making a data-driven transformation? This study conducted by Forrester Consulting outlines how organizations are achieving success & planning for the future, so you can make the best decisions.
Why is RapidMiner ranked so well among data science and machine learning platforms? Find out what your peers are saying in this Gartner report.
