Workflow of Webinar "Pricing Analytics" by STAR COOPERATION, co-hosted by KNIME, June 30th, 2020
Use-Case: Price optimization for an e-commerce shop (fictive data set)
Pricing Analytics is used to understand which factors influence performance on a granular level and how optimized pricing can be used to increase turnover and sales.
Pricing in combination with KNIME is a good way to use your data in a target-oriented way and with little manual effort, thus optimising your pricing.
The highlights of our webinar:
- Data preparation and analysis for pricing
- Integration of competition information
- Price optimisation approach of Value Based Pricing
- Price line optimisation and its implementation
Used extensions & nodes
Created with KNIME Analytics Platform version 4.1.3
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