No other solution offers access to Machine Learning for Price Optimizations with 3-clicks (sign-up, add API, and check optimal price)brainbi
We are happy to announce a major release today: our Simple Price Optimization based on advanced machine learning.
Based on the shop’s transaction history we determine the price elasticity and calculate an optimal price for each product.
The needed data is suitable for most small and medium online businesses:
- Sales data (transactions with changed prices)
- Cost of the product
That is all! These data should be imported by default using our API integration for the major shop systems: Prestashop, Shopify, Magento, or WoocCommerce.
We provide you an overview of all products and indicate where data is missing (you can easily add your cost for example).
This is a major improvement for most SMB E-Commerce shops as the current practice is a simple margin calculation (as the most advanced methods for setting prices).
No other solution offers access to Machine Learning for Price Optimizations with 3-clicks (sign-up, add API, check optimal price)brainbi