Top 10 Ways AI Drives Price Optimization in Retail

There are several techniques in use in various stages if maturity in retail and e-commerce. Many different tools and techniques feed into AI powered price optimization for retailers. When used together these can drive very significant top line and bottom-line results for retailers, and allow them to be much more agile in their response to changes in market conditions like competition, costs, inventory levels, and more. Here are the top 10 "need to know" concepts in the use of AI in price optimization for retailers. The first key in optimizing pricing is understanding how to group together like products, stores, and potentially customers.