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Pricing Decisions

Data analytics and visualization for business insights.
Articles
Armin

The Business Analyst of Tomorrow

Data science is an ever-evolving field, and its roles are also changing. As businesses increasingly rely on data to inform their decisions, there is a growing need for people with both the technical skills and domain/industry expertise to drive measurable value.

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Price testing for net sales and gross profit in retail and distribution.
Insights
Armin

Driving Net Sales and GP$ with Price Testing: A 5-minute guide for Retailers and Distributors

It’s no secret that many retailers and distributors are struggling with suboptimal prices, leading to substantial profit losses or missed revenues.

But by developing a solid price-testing playbook, retailers and distributors can maximize profits without sacrificing sales.

You don’t need to spend 12-18 months deploying an enterprise price optimization solution or waste a ton of CAPEX. You can start building your own semi-automated price-testing solution today at a fraction of the development times and costs.

If you’re a Pricing or Finance executive looking for a way to improve your company’s bottom line, read this 5-minute guide on how to build a sustainable Price Testing playbook.

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Chart comparing traditional and Bayesian pricing models showing revenue effects.
Insights
Armin

RA Quick Insights: The Power of Bayesian Analysis for Pricing Scenario Modeling

If you haven’t tried #bayesian analysis to attack common business problems, I highly encourage you to explore it.

Companies’ data science curve often starts with linear regression before a giant leap to ML within weeks or months (ensemble models, even some deep learning).

In pragmatic terms, the power of Bayesian modeling comes from being able to assign probability intervals to predictions.

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Revology Analytics dashboard for sales and stack ranking analysis.
Insights
Armin

RA Quick Insights: Using Sales Stack Ranking to Grow Net Sales & Profits

Commercial Analytics, aimed at improving Gross Profits and Sales Productivity, doesn’t have to be complex to drive the proper outcomes with Pricing and Sales teams.

๐’๐š๐ฅ๐ž๐ฌ & ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ๐ข๐ง๐  ๐’๐ญ๐š๐œ๐ค ๐‘๐š๐ง๐ค๐ข๐ง๐  is another simple yet effective Revenue Analytics technique to steer Sales behavior in the right direction and drive incremental Net Sales (and Gross Profits).

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