How the AI works
The 6 Steps of the PriceCast Algorithm
STEP 1
Historical transactions are needed to teach the AI about customer behaviour. Ideally last year’s and this year’s data.
STEP 2
Integrate live transaction data from the customer’s Point of Sales systems or central cloud data collectors.
STEP 3
AI studies and learns customer buying behaviors and predicts demand.
STEP 4
Pricing managers set strategies against current KPIs for each station and product, such as volume and margin. Cost prices are also read.
STEP 5
AI suggests the right price and time for each location and product.
STEP 6
All transactions are constantly delivered into the AI in order to secure continuous learning and predictions.
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Our expert team are on hand to guide you through the set-up process and beyond.
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