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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

We talked with experts from Perfect Price, Prisync, and a data science specialist from The Tesseract Academy to understand how various businesses can use machine learning for dynamic pricing to achieve their revenue goals. Approaches to dynamic pricing: Rule-based vs machine learning. Functionality of IBM Dynamic Pricing.

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Automating product description generation with Amazon Bedrock

AWS Machine Learning - AI

The system architecture comprises several core components: UI portal – This is the user interface (UI) designed for vendors to upload product images. Note that in this solution, all of the storage is in the UI. The future of ecommerce has arrived, and it’s driven by machine learning with Amazon Bedrock.

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How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Altexsoft

X-Mart visitors can choose from a wide range of items, including beauty products and fast-moving consumer goods, as well as fashion and apparel. Forecasting demand with machine learning in Walmart. What’s more, these systems don’t need to be explicitly programmed as machine learning models learn from data.