Imagine this, you launch a new product and suddenly the competitor also does the same and you are caught off-guard! In such situations, business decisions and strategies depend upon the data you have. In today’s day and age, data-driven companies have more chances to win a price war. Web scraping is the very first step..
2023 began with a boom of AI that could be used by every business person. ChatGPT took the world by storm. Then slowly, AI is becoming accepted widely across several applications in diverse industries in different forms. But what role does AI play in data analytics? And how does AI data analytics make use of..
Competitor price monitoring plays a crucial role for the retailers more than ever. There are millions of e-commerce sites on the web. With such fierce competition and ever-changing customer preferences and trends, the scope for error in pricing is less as compared to the past decade. It has become all the more important to monitor..
With the introduction of AI and machine learning predictive analytics market is growing. Predictive Pricing analytics is the process of collecting, organizing, and using a massive volume of data to draw conclusions which can contribute to profitable results. The predictive pricing analytics can be used by the sales and marketing departments to develop new pricing..
In the highly competitive market, it is essential to know what competitors are charging for similar services and products. When a business understands competitor’s pricing strategies, it becomes easy to make informed decisions regarding pricing and staying competitive in the market. Customers these days compare the prices of specific products/ services on various portals before..
It is common for a business to lose business to its competitors due to pricing differences. And for an eCommerce business, it becomes more apparent as there are many companies out there offering the same at a competitive price. If you are looking for a way to stay competitive while optimizing your profit, retail price..
Everybody wants to make their business run in autopilot mode. But, is it easy to achieve? If your answer was no, then you are about to be surprised in this blog. To begin with, in a fiercely competitive market, it is essential for a business to keep an eye on the market trends and competition…
A business needs strong strategies and careful planning to achieve growth. The sign of a good business is learning from past efforts and testing the future ideas for creating a bright future. Everything boils down to e-commerce data analytics. Analytics help a business go deep into the facts and figures, historical data, and future forecasting…
Pricing plays a crucial role for any business as it helps in earning the required profit margin. It is not as easy to set the prices of products/ services as it seems. Various factors need to be considered and the business must choose the right pricing technique. Retail businesses need to keep pace with market..
For any business, it is essential to have a pricing strategy in place. The ultimate aim of a company is to fetch higher sales and make a decent profit for growth and development. There are several benefits of having a clear and competitive pricing strategy in place. It helps attract buyers and preventing them from..