Platform helps ecommerce retailers identify best price
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Recently we wrote about this IBM Watson partnership that allows retail giant, Hermes, to automate pricing, putting items on sale whilst still maintaining a profit margin, and now we bring you PriceOptimizer, a platform that analyses historical sales data from eCommerce shops to identify the best price. Pricing an item can be difficult for those working in eCommerce. PriceOptimizer works by analyzing historical data from an online shop to suggest the optimal price. The platforms offers the best price at which to optimise sales, profit and revenue, providing users with digestible graphs to help them make decisions. Business owners can increase…
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