Aicone UTILISE BIG DATA
TO SET PRICING STRATEGIES
Combining pricing algorithm and best-in-class enterprise software, Aicone’s AI pricing algorithm helps deliver up to 5% increases to your margin line (compare with traditional rule based pricing).
OVERVIEW
Build a database of historical transactions to teach the software about market dynamics ; add competitors’ info.
Connect software to live feeds of purchase data and other variables such as weather and traffic.
Software compares live data to historical numbers to predict demands linked to prices.
Owner sets strategy for each fuel at each station, including preferred balance between volume and margin and constraints such as minimum price.
Algorithms determine price for each fuel and automatically adjust pumps throughout the day.
Transactions in reaction to those prices fed back into system to generate new predictions and prices.
We provide our customers with the tools, methods and intelligence for setting optimal prices that maximise revenue and increase profits.
With our smart artificial intelligence (AI) Aicone’s Crawlers, it helps our customers for managing multiple complexities to eliminate errors and reduce margin leakage, across the whole pricing optimisation system in real time 24/7.