How to Use Big Data and Artificial Intelligence for Demand-Based Pricing in Retail

How to Use Big Data and Artificial Intelligence for Demand-Based Pricing in Retail

You can call yourself a guru of retail pricing if you can make the right pricing decisions for every one of your products, separately and combined, based on their demand elasticity at any given moment.

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The core of the business has two diverse needs and supply. As your supply exceeds demand, your market doesn’t survive. But if you see that your needs increase, then you will follow with a highly competitive market. Therefore, in using AI as a determinant, you need to consider this, which you haven’t written yet. That is the heart of the business. Next, you have to look at the current AI, should do internal and external factors. Internal factors that you can control But external factors that you can’t control Internal factors. You know what an organization is like, you can control it. But the external factor is the market you can’t control, and most importantly, there is no control over the weather and the landscape But in marketing, you can use AI to analyze how you can help. As you wrote correctly But don’t forget that using AI to create deserted hills in many ways, if we put in the wrong information, it will analyze ghosts based on historical statistics. AI knows the statistics backwards and analyzes the future for you to go step by step as well. It’s not as smart as we are It memorizes and stores history data for us only. We don’t need to assemble it and bring it.
Marketing summary in AI like you wrote it. It is a retail business. Is it worth it? Yes, I want to express my opinion more in accordance with the principles of marketing. Your experience is abundant. Must see what it is Good luck with your business[@pidtonglangpra](http://The core of the business has two diverse needs and supply. As your supply exceeds demand, your market doesn’t survive. But if you see that your needs increase, then you will follow with a highly competitive market. Therefore, in using AI as a determinant, you need to consider this, which you haven’t written yet. That is the heart of the business. Next, you have to look at the current AI, should do internal and external factors. Internal factors that you can control But external factors that you can’t control Internal factors. You know what an organization is like, you can control it. But the external factor is the market you can’t control, and most importantly, there is no control over the weather and the landscape But in marketing, you can use AI to analyze how you can help. As you wrote correctly But don’t forget that using AI to create deserted hills in many ways, if we put in the wrong information, it will analyze ghosts based on historical statistics. AI knows the statistics backwards and analyzes the future for you to go step by step as well. It’s not as smart as we are It memorizes and stores history data for us only. We don’t need to assemble it and bring it. Marketing summary in AI like you wrote it. It is a retail business. Is it worth it? Yes, I want to express my opinion more in accordance with the principles of marketing. Your experience is abundant. Must see what it is Good luck with your business)