AI for Value Based Pricing

Reference number 2018-05186
Coordinator Price Edge Solutions AB
Funding from Vinnova SEK 982 840
Project duration April 2019 - December 2020
Status Ongoing
Venture Innovationsprojekt i företag 2018
Call Innovationsprojekt i företag - hösten 2018

Purpose and goal

The goal is to develop a prototype (MVP) of an AI-software for value-based pricing, targeted towards manufacturing companies. By leveraging AI this new product will make value-based pricing available for small- to medium sized companies, as the product will be able to replace the heavy and manual analytical work that otherwise is required when implementing value-based pricing. In addition, the product will also make it much more efficient and cheaper to maintain such price logic over time.

Expected results and effects

A successful development project means we are successful in developing a prototype of a scalable AI-driven product, that’s solves the fundamental issues of high costs, and enables a quick, scalable and correct pricing using a value-based price logic.

Planned approach and implementation

The project is divided into 4 different work packages, where each “package” has a clear scope and outcome. The four work packages are: WP1: Design, WP2: Develop Mock-Up, WP3: Validate Mock-Up, WP4: Develop MVP.

External links

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