Tag: Dynamic Pricing
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Navigating the Risks of AI-Driven Price Optimization. Examples and Best Practices
AI-powered price optimization holds immense promise: analyzing market data, identifying patterns, and suggesting prices that maximize revenue or market share. However, one foundational risk often overlooked in AI implementations is bad data. When data is incomplete, outdated, or biased, it can lead to flawed pricing decisions that damage both profitability and customer trust. Below, we’ll…