AI and Machine Learning in Pricing: Words of Wisdom from Our CTO

WHAT STARTED OUT IN HOLLYWOOD AND PROPELLER-HEAD PIPE-DREAMS IS NOW THE FUTURE OF SUPPLY CHAIN OPTIMIZATION.

Machine Learning and AI have been in our daily lives for over 5 decades. But we’ve only scraped the tip of the iceberg on how these innovations will improve your business in the future.

AI and Machine Learning in Pricing

So what’s the history of these methodologies? Is there a use case for Machine Learning and AI Neural Networks in Pricing? [Hint: yes.]

How are AI/ML data science principles like Neural Networks being applied to pricing optimization to take a company’s margins to the next level, even during times like these when so much is unknown in supply chain? The Evolving Enterprise recently published a great article by data science guru and CTO of Blue Ridge Santhosh Srirambhatla, who explains:

  • How AI started & why its methodologies are exploding
  • What is AI in relation to Machine Learning & Neural Networks
  • How you can use these capabilities to transform your pricing strategy, leading to improved customer satisfaction and product availability, with a leaner inventory
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Read the Full Article from The Evolving Enterprise:

“Machine Learning and AI Neural Networks”

I also urge you to check out how Blue Ridge is using Neural Networks, AI and Machine Learning in pricing optimization – tied into the inventory picture – is empowering our customers to gain more control over their margins and accelerate their agility to supply chain disruption:

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