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Tag: AI

Solving Pricing Challenges with AI and Data Availability 

AI and data availability are transforming the way businesses tackle pricing challenges. Karl Larsson, Vice President of System Solutions at Vendavo, explores the common obstacles pricing teams face, how AI can help solve them, and the importance of blending human expertise with technology for smarter, faster decision-making. Here’s how the right strategy will help your organization stay competitive amid shifting technology to drive profitable growth. 

7 Signs You’re Ready for AI

If you’re overwhelmed by massive amounts of data, need more accurate pricing strategies, or are ready to optimize your operations, it may be time to think about AI. Vendavo experts discuss these and other signs that signal it may be time to let AI do your heavy lifting. 

8 Misconceptions About Using AI in Pricing

Curious about how AI can revolutionize your pricing strategies but wary of the misconceptions? Vendavo experts weigh in on the most common myths surrounding AI in pricing, from fears of AI replacing human judgment to concerns about affordability and complexity – plus how AI can be a powerful, user-friendly tool that enhances decision-making, adapts to market changes, and ensures fair pricing practices. 

Ready Your Data for AI-Powered Pricing and Selling 

Artificial intelligence can have huge impacts on business operations, but only when it’s quality and used effectively. In this article, Patrick Dougherty, Product Marketing Manager at Vendavo, covers some of the top takeaways from Gartner’s report on How to Build a Data Strategy in Manufacturing Organizations – many of which apply to any organization. 

Drive More Revenue with AI? Yes, Please.  

Artificial intelligence is here to stay, and it’s already having huge impacts on business operations. This article by Mike Bernard, Chief Marketing Officer at Vendavo, explores the seemingly endless possible AI applications and use cases across the functions of sales, marketing, customer service, and customer support – particularly how organizations can drive more revenue with AI.

Price Sensitivity vs. Price Elasticity: How to Choose the Right Algorithm for Your Pricing Guidance  

Artificial intelligence and algorithmic optionality in pricing guidance play a key role in profitability. Understanding this gives your organization a competitive advantage, but you’ll want to begin using them as soon as possible to remain ahead of your competition. In this article, Aneesa Needel, Senior Product Marketing Manager at Vendavo, explains the difference between price elasticity and sensitivity in B2B and how to use them to optimize your pricing strategy.

Beyond the AI Buzz: How to Separate the Hype from Reality 

Artificial intelligence (AI) has taken center stage in various industries, promising groundbreaking advancements such as AI-generated content, images, video, and more. If you’re looking to integrate AI into your operations, you should know that the hype doesn’t always match the actual capabilities. In this article, Patrick Dougherty, Product Marketing Manager at Vendavo, explores this concept and illustrates the importance of explainable AI in commercial processes.  

Mastering the Art of Pricing with AI – Essential Tips for Pricers

Discover how AI is revolutionizing pricing strategies for businesses. In this article by David Anderson, VP of Business Consulting at Vendavo, learn how pricing automation, data analysis, customer behavior prediction, and price optimization work together with professional pricers to achieve better outcomes.