Expanding Its Use of AI and Machine Learning Technologies, Syncron

Syncron, the largest privately-owned global provider of cloud-based after-market service solutions, announced the general availability of Syncron Price Version 20.4, which delivers several new capabilities to further automate and accelerate after-market pricing functions. The new features include usability enhancements and more sophisticated controls, to enable more optimized pricing to be done in less time and with better outcomes. "As the global economy begins to recover in the post-pandemic era, manufactures must provide even more sophisticated techniques to drive smarter pricing decisions," said Erik Lindholm, Vice President of Product Management at Syncron. "Price must be driven by increasingly sophisticated machine learning, algorithms, and comprehensive analytics that can automatically pinpoint sources of revenue and margin changes using real-time data. Today's companies leverage our technologies to transform their pricing strategies into competitive advantages to maintain relevance and viability in an ever-changing, increasingly sophisticated market."