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This is the topic I addressed on March 19, 2024 at Pricing HUB Day in Paris.
Against a backdrop of increasing scarcity of raw materials for our computers, rising energy costs for data centers and increasingly complex access to water to cool them, integrating new criteria into our approach to pricing is becoming imperative. Inflation and social challenges add another layer of complexity, making the issue even more crucial.
On the one hand, this transition implies an overhaul of our decision-making tools, moving from Big Data to Smart Data and optimizing algorithms to reduce server resource consumption.
On the other hand, it is essential to integrate ESG KPIs at the heart of pricing tools, thereby responding to environmental and societal issues.
To achieve this, decision-makers such as purchasing, logistics and sales managers should be able to favor partners that respect the environment, the inclusion of disabled workers and gender equality, even at the expense of a few margin points. At present, the lack of tools for real-time multi-criteria decisions is hampering this transition.
OPT2A BLOG
OPT2A BLOG
For a few years now, we have heard a lot of talk in the media or at conferences about Artificial Intelligence applied to different disciplines. The term often encompasses many fields, which makes understanding all this 'Data Market' quite complex. Here is a proposed classification of disciplines, already presented several times during conferences and which has given rise to some debates (and adjustments!).
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To use the expression used by our Niortais friends from Kereon Intelligence, who recently came to give a (very good) presentation in Bordeaux about Data Literacy: 'data can now be compared to gold'! Data has become so important to companies, organizations, administrations and governments that data is the real black gold of the 21st century. And like any gold rush, we are witnessing a real 'increase in pressure' on these subjects related to Data or AI.
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The last few years have witnessed the development within e-commerce companies of a multitude of decision support tools allowing the practice of dynamic pricing. These Operations Research tools integrate the level of stock, flow, target margin, conversion rate and competitor prices...
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