AI-driven price recommendations engine for retailers to convert demand predictions into revenue with optimal prices and sales outcomes powered by algorithmsTalk to Competera
We believe that modern ML technologies could help humans be better
We create a demand and sales prediction model powered by a dense neural network capable of identifying durable hierarchical relationship among features.
The model defines the exact effect of any price change or promo campaign on sales with 90-98% short-term prediction accuracy.
The model predicts sales at the level of an SKU and small product groups and factors in elasticity, cross elasticity with other products, as well as seasonality, competitors and hundreds of other variables.
Competera is a new generation AI-driven price optimization software which converts demand prediction into revenue for retailers
High-quality price predictions increase revenue by 5-15 % for high-margin businesses
Artificial intelligence technology was implemented in pricing during a one-month pilot
The algorithm set prices in the test group, while the pricing in the control group remained unchanged.
We are eager to meet you and answer any questions about price optimization.Complete the form
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